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

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.



Related Posts

Mitch McConnell tosses white towel on Obamacare, cedes to Dems
Because the state waivers language violates these rules, it would need 60 votes, which is impossible without Democratic support. Senate Minority Leader Chuck Schumer (D-New York) said in a five-minute statement before the vote, after Sen.

Tottenham midfielder Dele Alli is BETTER than Liverpool's Philippe Coutinho - Danny Murphy
But Jürgen Klopp is keen to keep his talisman at the club as they aim to improve on their fourth place finish last season. FC Barcelona have reportedly agreed personal terms with Liverpool playmaker Philippe Coutinho .

Hungarian F1 Grand Prix 2017 Qualifying: Daniel Ricciardo Sets Friday's FP1 Pace
Their auto has proved to be very good on all of the faster circuits with a question mark on the slow ones. Kevin Magnussen missed out on a place in Q2 despite setting an identical time to Perez at the end of Q1.

Danilo: 'It was easy to reject Chelsea for Manchester City'
"Just a friendly game". " I have no doubt we can win the Champions League, that's why I chose this team ", he added. Both were credited with three saves in the first half, although it seemed like they each had several more.

Tesla Model 3 revealed as thousands pay to reserve new vehicle
That's because many Model 3 buyers undoubtedly expect to get the kind of luxury and performance of the more expensive Model S. Musk claims the company will be in "hell" at the start of production to meet the car's not insignificant global demand.

Jon Jones Bothered By Daniel Cormier's Steroid Comments
Coming into the fight the only blemish across both fighters' records was a disqualification loss for Jones due to illegal elbows. Cormier appeared to strike a nerve with "Bones" when he made comments about his past failed drug tests.

Truck Driver Charged With Human Smuggling After 10 Die In Stifling Conditions
At the time of discovery, SAPD reported they found eight deceased and 38 undocumented immigrants with various degrees of injuries. Fire Chief Charles Hood said "a lot" of the passengers were likely to have irreversible brain damage from the heat exposure .

Apple discontinues iPod Nano, Shuffle
In a show of its commitment to the iPod Touch , Apple doubled the storage capacity of its top-of-line model to 128 gigabytes. To date, Apple has sold more than 400 million iPods, while iPhone sales went past the one billion mark in July 2016.

MIUI 9 is official with three new key features
The news was about the company's best-selling Xiaomi Redmi Note 4 exploding in a local shop in Bengaluru. We should know more about what's included in the global MIUI 9 build in the coming weeks, so stay tuned.

Akhilesh Yadav mocks Nitish Kumar's return to NDA: 'Na na karte pyar'
On Thursday, he took oath as the CM of Bihar for the sixth time while Sushil Modi, top BJP leader, was sworn-in as the deputy CM. As suspense mounted over Nitish's next step, the BJP quickly seized upon the opportunity to reunite with its old ally.

© 2015 Stump Report. All Rights reserved.