Foxconn Technology USA Corp. (FTC USA), the American subsidiary of Taiwan's Foxconn Technology, plans to establish a manufacturing facility in Louisville, Kentucky. The company expects the $173 million investment to create 180 jobs.
READ MORE: Foxconn Announces $569M Investment in Wisconsin
The project will reportedly include a production system that incorporates artificial intelligence, Internet of Things and computing technologies for digitally driven operations. FTC USA estimates the facility will become operational in the third quarter of 2026.
The Kentucky announcement comes a few weeks after Foxconn revealed an additional $569 million investment to expand its manufacturing footprint in Wisconsin. The amended project looks to create nearly 1,400 jobs over the next four years in Mount Pleasant.
Headquartered in New Taipei City, Taiwan, Foxconn Technology Co. specializes in precision parts manufacturing and electronic product assembly. The company's components and fully assembled products support industries that range from consumer electronics to industrial applications.
In May 2025, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with FTC USA under the Kentucky Business Investment program. The performance-based agreement can provide up to $3.4 million in tax incentives based on the company's $173.6 million investment and annual targets of 180 created and maintained full-time jobs across 10 years that pay an average hourly wage of $38.61, including benefits.
The KEDFA also approved up to $600,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA), which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
By meeting its annual targets over the agreement term, the company can keep a portion of the new tax revenue it generates. The company may also claim eligible incentives against its income tax liability and/or wage assessments.
Additionally, the company can receive resources from Kentucky’s workforce service providers, including no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
