Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said in a statement that the investment "signifies the start of a series of investments by Foxconn in American manufacturing in the coming years". Foxconn, the Taiwanese high tech firm that produces products such as the iPhone and the PlayStation, will be opening a $10 billion facility to produce LCD screens in Wisconsin.
Walker, a Republican who is facing a hard re-election next year, said the investment would create 13 000 jobs, with an average pay of $53 000 plus benefits.
"One thing we know about this president is how committed he is to reviving American manufacturing and bringing jobs home". Speaker Ryan immediately leaned forward and said "billion". The facility will be constructed in Wisconsin, with the overall plan representing a massive $10 billion investment for the company. Gou has since spoken of moving operations to the United States, but has never gone through with his plans. He calls the Foxconn news the pinnacle of Walker's time as governor and a fulfillment of what he's been promising to do. It has yet to be built. After discussing with six other states, Foxconn decided on Wisconsin and will bring 3,000 new jobs initially. Various states in the running - including Michigan, Ohio and Pennsylvania - have been offering subsidies and other incentives to try to attract the investment. And that facility is now under negotiation. Scott Walker tweeted earlier Wednesday that Trump planned to make a "major jobs announcement for Wisconsin". He even promised incentives for companies that moved production to the United States. President Donald Trump claimed credit for the investment, which will create as many as 13,000 jobs.
In an exclusive interview with WTMJ 4 News, Chief of Staff Reince Priebus said Trump became aware of the vacant land in Kenosha during a visit to Wisconsin back in April.
Foxconn a world leader will build a state of the art manufacturing facility in Wisconsin, investing many, many billions of dollars.
The $10 billion deal will open an LDC electronics factory, a rarity in the USA, and mark the advent of domestic production of iPhones.