Apple Supplier Foxconn Confirms Plans to Build Factory in Wisconsin

Today, Apple supplier Foxconn announced plans to invest $10 billion in the United States. The money will go towards building a new factory in Wisconsin that will employ more than 3,000 employees.

The announcement came at an event hosted by President Trump this afternoon at the White House. The Trump administration said that the factory could eventually employ as many as 13,000 workers. Trump said:

“If I didn’t get elected, he definitely would not be spending $10 billion. We are going to have some very, very magnificent decades.”

The upcoming factory will produce large LCD displays that are meant to be used in televisions and other similarly sized electronics. Foxconn chairman Terry Gou has said Apple is willing to invest in the factory.

Foxconn has been rumoured to open a factory in the United States for several months now. The company was in talks for with both federal and state governments before making this announcement. Trump is also continuing to encourage Foxconn to bring even more factories to the United States.

A software engineer with a passion for creation and innovation using technology. To learn more about me, check out my personal website, which contains links to my projects. Email: nick@iphoneincanada.ca

  • SV650

    I wonder what Wisconsin gave away to get the factory located in the state / county?

  • Steve

    They probably gave Foxconn a really low corporate tax rate.

  • Si2k78

    3 billion dollars in tax credits, that works out to be 1 million dollars per job created. Money well spent?

  • Chrome262

    Wasn’t Apple in talks with them before, like years before. They have been moving what manufacture they can to the state they can. I am not sure Trump can even claim any influence in this. And didn’t Foxconn, like years ago said they were going to expand into other countries? it happens all the time with administrations, they come in an claim stuff set up years before.

  • Chrome262

    its probably one of the few ways to get manufacturing back in to NA, labor is expensive here. Truth is we shouldn’t be doing this in the first place, should be pushing for jobs away from manufacturing and more jobs and training that require more skill. At some point you won’t need humans for any of this shit, and then what will you do

  • Si2k78

    The big question for me is, where are they sending these large LCD’s? Last I checked, TV’s were made in Asia. So if these LCDs are being shipped back to Asia for assembly into compete TVs, I’m afraid this relationship won’t last long, and foxconnn will just move the production back to Asia when the tax credits dry up or when shipping costs exceed the value of the tax credits.

  • Chrome262

    it depends where final assembly is, if the comments from Asia are shipped here, they could do the assembly in NA

  • FragilityG4

    You don’t make a 10 billion dollar investment without considering all the mitigating factors.

  • Si2k78

    Seeing as how Trukp himself spearheaded this entire thing, I don’t think it’s safe to assume anything.

  • FragilityG4

    Your unfounded hatred for Trump has blinded you to reality. This is business. Trump is not forcing anyone to do anything, he is only trying to entice corporations to reinvest in America. The companies have to the choice to proceed or not and they would only do so after doing their diligence to find out if the move is profitable. As someone else has mentioned here FOXCONN, in all likelihood, had already been planning this move and Trump came in at the right time with the right incentives to make it happen.

    Always question authority and think for yourself, having said that, never in history has a President been impeached because of Internet anger… heck, Internet anger couldn’t stop him from getting elected… but I guess it’s the trendy thing to do so hate on!!

  • Si2k78

    I agree, we should question authority. The question I pose hasn’t been answered yet, but you make the assumption that they’ve already considered these factors. I suggest you take your own advice and inquire for the facts and demand truth before you put blind faith into someone who’s been proven to be a serial liar. Enjoy!

  • FragilityG4

    Billion dollar companies do their diligence before making decisions. That’s why they’re billion dollar companies. They don’t owe it to you to prove to you they did the diligence. Wether or not it all works out in the end, no one will know but that’s why billion dollar companies have teams of people weighing all the factors and coming up with the most likely outcome.

    Serial liar? A little extreme, but sure, what politician isn’t? But it’s only trending to attack conservatives because liberals “are such nice people who think of everyone’s feelings”.

  • Si2k78

    Billion dollar companies like Enron, Goldman Sachs, Fannie Mai and Freddy Mac? Companies that made terrible decisions and costed tax payers billions of dollars when bailed out. Don’t be so naive and think that billion dollar companies don’t make bad investments. And actually, getting 3 billion in tax incentives is a form of public funding, so the public does in fact, have the right to ask whether this is good use of public funds.

  • FragilityG4

    Fraud is different from investments especially when the companies are struggling financially like the ones you mentioned.

  • Chrome262

    It was in the works before his presidency