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.