$10B Apple Supplier's US Plant 'Fantastic for the People'

28 July, 2017, 00:20 | Author: Lorraine Moran
  • The Latest Walker says Foxconn incentives tied to new jobs

Chairman Terry Gou announced in Washington, D.C. Wednesday that his company will invest US$10 billion over the next four years to build a display panel plant in the USA state of Wisconsin that could create up to 13,000 jobs. 10,000 construction jobs. - Foxconn will build the first facility to build LCD panels.

According to media reports, Trump is expected to announce that Foxconn, one of the largest electronics manufacturers in the world, will be adding a new plant in Wisconsin, adding as many as 10,000 employees.

The deal comes as President Donald Trump seeks to fulfill a promise to bring manufacturing jobs that have been lost in recent decades back to the United States. In his interview with the Wall Street Journal Tuesday, Trump announced that the Apple CEO promised to build three manufacturing plants in the USA and said they are strongly considering Wisconsin for their first plant, but Apple has not released any statement to support this.

President Donald Trump's announcement Wednesday that Wisconsin had won the high-stakes fight to be home to Foxconn's first US manufacturing plant comes as Walker is preparing to run for a third term. It's best known for making iPhones and other Apple devices but its long list of customers includes Sony Corp., Dell Inc. and BlackBerry Ltd.

"It's going to be fantastic for the people", the president said. While Foxconn is well-known for manufacturing Apple products in China, it is not an exclusively Apple supplier. "This is a great day for American workers and manufacturing and for everyone who believes in the concept and the label 'Made in the U.S.A'".

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Gov. Scott Walker shared the news at the White House along side President Donald Trump, Vice President Mike Pence and Speaker Paul Ryan. "So when Foxconn came into the White House, into the Oval Office, the president said, 'I know a good spot that you should go to, that place in Kenosha'". "In other words, if I didn't get elected, he definitely would not be spending $10 billion".

Trump told the Wall Street Journal on Tuesday that Apple Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States.

Wisconsin could be on the hook for billions of dollars in incentives as part of the deal, though no details of the state's proposal have been released.

Trump narrowly beat Hillary Clinton in Wisconsin, a rust belt state where his message of keeping jobs in the U.S. resonated with voters.

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