Published: Sat, July 29, 2017
Sci-tech | By Jackie Newman

Trump, Foxconn announce $10 billion plant in Wisconsin

Trump, Foxconn announce $10 billion plant in Wisconsin

Foxconn, the maker of iPhone chips, flat screen TV panels and other electronics items, has picked southeastern Wisconsin over other USA states to build a new manufacturing plant.

Taiwanese technology giant Hon Hai Precision Industry Co., better known as Foxconn Technology, has announced that it is to build a £7.67 billion display panel factory in the U.S. state of Wisconsin, its biggest ever investment in the region.

The initiative was described by Scott Walker, Governer of Wisconsin, as the largest greenfield inward investment in terms of jobs in the history of the United States.

As Republicans in Washington struggle to repeal Obamacare and advance bills on tax cuts and infrastructure, Trump seized on the announcement as a win in a key swing state, saying the deal wouldn't have been done "if I didn't get elected".

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.

"This shows actual results - getting it done", Ryan said. The Trump administration said there is also the potential for future facilities in other states like Illinois, Indiana, and MI.

Economic experts have said such a facility or facilities, even if located in southeast Wisconsin, could create myriad economic opportunities in Dane County.

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But many observers are wary of Foxconn's big promises after its 2013 plan to build a high-tech factory in Harrisburg, Pennsylvania fell through.

The White House would not say what tax incentives were offered to entice the company, but local media reported a package of around $3 billion in tax breaks.

It still isn't clear if Trump was referring to Foxconn or Apple specifically.

It employs around a million workers at its factories across China and has operations in more than 10 countries. It could create as many as 13,000 jobs eventually, the official claimed.

Trump said in an interview with The Wall Street Journal on Tuesday that Apple CEO Tim Cook had agreed to build "three big plants - big, big, big".

The company is also looking to Detroit for a possible manufacturing plant, though the sources did not specify for what.

Currently, Foxconn has plants in Asia, as well as India and Brazil.

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