Foxconn pledges to build $10 billion state-of-the-art electronics plant in Wisconsin

Steve Doyle skeptical of luring Foxconn to Wisconsin with millions in incentives

Foxconn intends to build a manufacturing plant in southeastern Wisconsin that will make liquid-crystal-display screens, the type used in everything from computers to vehicle dash panels.

Foxconn said in a statement that it will invest $10 billion over the next four years to build a factory that "will create 3,000 jobs with the potential to grow to 13,000 new jobs in that state".

Trump touted his "Buy American" philosophy as the reason Gou chose to make such a large investment in the U.S. Trump campaigned on a promise to bring back manufacturing jobs that American companies sent offshore. 'If I didn't get elected, he [Terry Gou] definitely wouldn't be spending $10 billion, ' Trump claimed at the press briefing for the deal. But the planned facility that would manufacture LCD screens would be operational by 2020 and cover 20 million square feet, large enough to hold 11 football fields.

Steve Doyle skeptical of luring Foxconn to Wisconsin with millions in incentives
President Trump expected to address Foxconn deal in Wisconsin

Walker said Wisconsin will provide Foxconn with $3 billion in incentives, half of which will go to capital costs and the other half to workforce development. "This right here shows actual results", said Ryan, a Republican who represents Wisconsin.

"Foxconn, Apple's main manufacturing partner, in April said it was considering a number of U.S. investments".

For one thing, the investment may spare some of Foxconn's tech customers, like Apple and Google, additional political headaches at a time when Trump continues to slam US companies for making many of their products outside the country.

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Some have hinted it will take that much for the state to attract the Taiwan-based Foxconn.

The governor, Donald Trump said his state would offer $3 billion in economic incentives to seal the deal. It is hard to speculate about Trump's input into the launch of the venture, though, as Foxconn's plant opening was rumoured before the election previous year.

Gou also said Apple is open to the possibility of investing in the factory.

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After Trump was elected in November, Foxconn Chairman Terry Gou had said that the company was looking to invest somewhere around $7 billion in the USA and add somewhere between 30,000-50,000 jobs to the US economy.

Foxconn, which knows how to scale up the manufacturing of IT devices of all types but also has been cited in the past for poor working conditions by several global watchdog agencies, also will make dashboard screens for automobiles in addition to health care devices, Walker said.

With the new plant in Wisconsin, Foxconn is expected to receive a sizable tax break.

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