Foxconn to build $10B plant in Wisconsin

Audrey Hill
July 29, 2017

President Donald Trump announced on Wednesday that Foxconn, best known for manufacturing iPhones, will be opening a factory in Wisconsin, potentially bringing in 13,000 new jobs into the swing state that went Republican in 2016.

Electronics giant Foxconn will build a liquid-crystal display panel plant in Wisconsin, according to an invitation to President Trump's afternoon news conference with Wisconsin officials.

President Donald Trump's announcement Wednesday that Wisconsin had won the high-stakes fight to be home to Foxconn's first USA manufacturing plant comes as Walker is preparing to run for a third term.

Wisconsin Gov. Scott Walker said at a White House event that the state will award $3 billion in incentives and sign a memorandum of understanding on the investment on Thursday.

"TV was invented in America, yet America does not have a single LCD factory to produce a complete 8K system", Gou said during a presentation at the White House.

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Trump has made returning manufacturing jobs to America's heartland a key plank of his domestic policy. "Gou later clarified that his company was investigating the buildout of potential manufacturing plants in few U.S. states", the report noted. Economic development officials from Illinois, Indiana, Michigan, Ohio, Pennsylvania, Texas, and Wisconsin have all vied for Foxconn's attention.

"This is a great day for American workers and manufacturers and everyone who believes in the concept and the label 'Made in the U.S., ' " said President Donald Trump at the White House announcement. During a speech at Liberty University in January of 2016, then-candidate Trump promised to "get Apple to build their damn computers and things in this country instead of in other countries".

It's unclear if Apple is involved in Foxconn's announcement. The announcement is a major one for both the state and Foxconn, the later of which will benefit with up to $3 billion in subsidies paid by the state's taxpayers.

This week, Trump told the Wall Street Journal that Apple CEO Tim Cook promised to build three plants in the United States in the coming years, but Cupertino has not made any announcements.

That average salary is much, much higher than what Foxconn workers make in China and will have an impact on product prices according to Foxconn chairman Terry Gou.

Other reports by MaliBehiribAe

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