Foxconn, the Taiwanese electronics supplier for Apple and other tech giants, said Wednesday it would open its first major American factory in Wisconsin, a boost both for the battleground state’s economy and the Trump administration’s efforts to bolster domestic manufacturing.
White House officials highlighted President Trump’s direct negotiations with the company for the project, which they said would create 3,000 jobs and represent a $10 billion investment.
President Trump was set to join Foxconn’s chairman, Terry Gou, in Washington for a formal announcement on Wednesday, with two prominent Wisconsin Republicans, Gov. Scott Walker and Paul D. Ryan, the House speaker, also expected to attend.
Mr. Gou said in January that Foxconn, the world’s largest contract electronics manufacturer, was considering investing more than $7 billion in the United States, and potentially adding 30,000 to 50,000 jobs.
The new factory, which would produce flat-panel display screens for televisions and other consumer electronics, could raise Wisconsin’s profile in advanced manufacturing. Older industrial firms in the state, like Harley-Davidson in Milwaukee, have struggled recently, with the motorcycle maker disclosing plans to layoff 180 workers last week.
By: Nelson D. Schwartz and Vindu Goel (New York Times).
Photo: Business Pundit.
Review: Emerging Market Formulations & Research Unit, Flagship Records.