Trump to Announce Foxconn Plant Opening in Wisconsin

It's not just jobs that are up for grabs- possibly 5,000 alone at the plant and potentially thousands more at other unspecified US operations the company intends to launch

Foxconn has previously said it would add a manufacturing facility somewhere in the USA that would employ up to 10,000 people. This shouldn't come as too big of a surprise as Foxconn parent company Hon Hai owns the majority of Sharp. "We are going to change that", Terry Gou, chairman of Foxconn, said.

In the first half of 2017, the United States economy added a monthly average of 180,000 jobs with 41,000 manufacturing jobs alone, according to the New York Times. Foxconn has said publicly that it is looking at seven states for an investment of $10 billion or more to manufacture flat-panel screens and related equipment. The investment in the facility by Foxconn will cost $10 billion and will be constructed somewhere in Wisconsin.

Walker said the plant was the largest economic development project in the state's history. New reports have now clarified that Cook's promise meant the latter, with Foxconn revealing its intention of opening its first major factory in the United States. "This is a great day for American workers and manufacturing and for everyone who believes in the concept and the label 'Made in the U.S.A'". Some of those announcements sought to take credit for previously announced investments.

Meanwhile, Trump said the financial commitment by Gou is a direct result of his electoral win.

It's unclear if Apple is involved in Foxconn's announcement.

Foxconn intends to build a manufacturing plant in southeastern Wisconsin that will make liquid-crystal-display screens, the type used in everything from computers to vehicle dash panels. Foxconn has another small operation in Pennsylvania.

To woo the Foxconn factory to Wisconsin, the state had to offer massive subsidies to the tune of $3 billion.

Shilling also raised a scepticism that the company has a track record of big announcements with little follow through.

Foxconn, which knows how to scale up the manufacturing of IT devices of all types but also has been cited in the past for poor working conditions by several worldwide watchdog agencies, also will make dashboard screens for automobiles in addition to health care devices, Walker said.

The United States has added 70,000 manufacturing jobs since November, bringing the total to almost 12.4 million, but has not added any net factory jobs in the last two months, according to the Bureau of Labor Statistics.

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