Apple supplier Foxconn today announced plans to invest $10 billion in the United States, which will go towards building a new factory in Wisconsin that will employ 3,000 or more workers.
Foxconn is sharing the news at an event at the White House on Wednesday afternoon, says Recode.
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The upcoming factory will produce large LCD displays that are meant to be used in televisions and other similarly sized electronics, but Foxconn chairman Terry Gou has said Apple is willing to invest in the factory, so it could be expanded to smaller displays in the future.
According to the Trump administration, the factory could grow to employ as many as 13,000 workers, while also encouraging Foxconn to build additional facilities in other parts of the country.
Foxconn has been mulling a U.S. factory for several months and has been in talks with both the U.S government and several state governments. Foxconn considered several locations for the factory before settling on Wisconsin.
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Top Rated Comments
A Foxconn factory. Will be located in the US.
This is a milestone. Period.
Just like, like Obama or not, he was first black president in US history. No one can take that away from him.
What is sad is that many don't recognizes that there are many good jobs to be had in a factory in engineering and management. People associate manufacturing with low end jobs but the tis not a reflection of reality. Yes the production worker is a low end position but there are people out there perfectly suited for such jobs. Manufacturing brings balance to the work force.