Foxconn, the giant Taiwanese electronics manufacturer and a major supplier to Apple for iPhones, will open a 20-million-square-foot plant in southeast Wisconsin, the company announced Wednesday.
Over four years, the company will invest $10 billion to build the plant, which could employ up to 13,000 people and will make LCD display panel screens. Wisconsin Gov. Scott Walker (R) said the state will award $3 billion in incentives for the project, with the package needing approval from state legislature. He also said it will be the largest economic development in Wisconsin history, Reuters reports.
During a ceremony at the White House with Foxconn Chairman Terry Gou, President Trump took credit for the plant, saying, "If I didn't get elected, he definitely wouldn't be spending $10 billion … this is a great day for America."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Continue reading for free
We hope you're enjoying The Week's refreshingly open-minded journalism.
Subscribed to The Week? Register your account with the same email as your subscription.