Great.

GREEN BAY – Foxconn, the Taiwanese tech company building a sprawling manufacturing plant in southeastern Wisconsin, will become the new owner of The Watermark building in downtown Green Bay.

Foxconn Technology Group CEO Terry Gou was joined by Gov. Scott Walker on CityDeck Friday to announce the company’s pending purchase of the building, the former Younkers department store at 301 N. Washington St.

Foxconn plans to open an innovation center in the building by the end of the year. It will be part of a network supporting its Racine County manufacturing plant. More than 200 people are expected to work at the Green Bay location.

Gou said the Green Bay center will focus on developing applications for the AI 8K+5G display technology it is developing, as well as applications for the education, medical, health care, entertainment, sports and security industries.