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Foxconn plans to begin building US panel plant next spring

Key iPhone assembler has yet to finalize details on the facility

TAIPEI -- Key iPhone assembler Hon Hai Precision Industry, better known as Foxconn, is planning to begin construction of a panel facility in the U.S. state of Wisconsin next spring, a person familiar with the company's plans said, after state Gov. Scott Walker signed a $3 billion tax incentive for the Taiwanese company into law earlier this week.

The person also said that Foxconn has yet to secure land for its Wisconsin project, although hopefully it will be done soon, depending on negotiations with county-level authorities. The person did not name a specific location.

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