Foxconn to invest $10 bn in LCD manufacturing plant in US

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Foxconn to invest $10 bn in LCD manufacturing plant in US

Speaker Robin Vos (R-Rochester) released the following statement in regards to the Foxconn decision to build its first USA manufacturing plant in Wisconsin.

Trump has been talking about bringing manufacturing jobs back to the U.S. since the day he became President.

Foxconn, the company that brings you iPhones and Nintendo, is making a $10 billion investment in Southeastern Wisconsin. These panels will be made in America proudly in the state of Wisconsin. "We are calling this development 'Wisconn Valley, ' because we believe this will have a transformational effect on Wisconsin, just as Silicon Valley transformed the San Francisco Bay Area".

The arrival of the plant "represents the return of electronic manufacturing to the United States", Trump said.

The company, which makes flat-screen displays for Apple and other tech companies, said the plant will create 3,000 jobs and could eventually employ up to 13,000 workers.

The Associate Press reported that Wisconsin state Assembly Speaker Robin Vos also confirmed that the announcement from Trump will be that Foxconn plans to build a manufacturing plant in Wisconsin.

"We tie it to performance", Walker said on a syndicated conservative talk radio show Thursday. "He called me, and he said they are going forward", Trump was quoted as saying.

Trump was "personally" involved in the deal, a senior White House official said, but Foxconn ultimately chose Wisconsin for its workforce and infrastructure.

Foxconn a world leader will build a state of the art manufacturing facility in Wisconsin, investing many, many billions of dollars. Foxconn has contracts with Amazon, Intel, Microsoft, Google and Nintendo, among others.

The new outpost - formally unveiled at an event at the White House on Wednesday - primarily will manufacture LCD screens. "It signifies the start of a series of investments by Foxconn in American manufacturing in the coming years". The manufacturer reportedly is still in talks for a second plant in MI, according to the Detroit News.

The factory will be built in his Congressional district, which has an unemployment rate approaching 10 percent, much higher than the state-wide 3.2 percent.

Democratic State Sen. Jennifer Shilling said in a statement that she's anxious Foxconn could pull out of the deal, which it did in Pennsylvania several years ago.

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