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Taiwanese electronics giant Foxconn, who manufacturers all Apple products, plans to invest $10 billion in creating a new plant in Wisconsin that would create high tech display panels and employ as many as 13,000.
“This is a great day for American workers and manufacturers and everyone who believes in the concept and the label ‘Made in the USA,’ ” said President Trump.
The state of the art plant is set to open in 2020 and will be part of a 20 million square-foot campus on at least 1,000 acres.
The $10-billion Foxconn facility will manufacture LCD screens, used in smartphones, computers, TV's and car dashboards.
— Mark Knoller (@markknoller) July 26, 2017
“Today we’re announcing the single largest economic development project in the history of Wisconsin and one of the largest in the history of this country,” said Wisconsin Governor Scott Walker.
Speaker Ryan from Wisconsin praised Trump and Walker for getting the deal done, saying, “This shows actual results — getting it done.”
The plant could be the first of several facilities the company wants to build in the United States, a senior White House official told reporters on Wednesday, and will start with 3,000 employees. The staff is planned to eventually grow by 10,000.
“America does not have a single LCD plant to produce a complicated system. We are going to change that,” Foxconn chairman Terry Gou said at the White House news conference. “It starts today with this investment in Wisconsin.”
“If I didn’t get elected, definitely would not be spending $10 billion” on the project, Trump said.
Watch as President Trump announces new Foxconn Plant in Wisconsin: