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Apple iPhone Supplier to Build $10 Billion Plant in Wisconsin

Plant to Produce LCD Screens for Electronic Devices, But It's Unclear If Apple Components Will Be Produced There
July 27, 2017
Making good on plans to invest billions of dollars in U.S. facilities, Taiwan-based Foxconn Technology Group, the world's largest contract electronic components supplier and global manufacturer of Apple's iPhone, among other brands of devices, on Wednesday said it will build its first U.S. facility. And as President Donald Trump might put it, Foxconn's first planned U.S. investment is huge: a $10 billion liquid crystal display (LCD) panel plant to be built in southeast Wisconsin.

In a joint appearance at the White House with President Donald Trump and Wisconsin Gov. Scott Walker, Foxconn CEO Terry Gou said the 20,000-square-foot plant at an as-yet undisclosed located in the state will employ at least 3,000 workers to start.

The Trump Administration said the job total could eventually reach 13,000 workers at the project, producing a major economic benefit for the Wisconsin and political win for House Speaker Paul Ryan, whose district will reportedly host the factory.

"This is a great day for American workers and manufacturers and everyone who believes in the concept and the label 'Made in the USA,' " Trump said during the meeting.

The president said Foxconn will invest in southeast Wisconsin while a larger facility, which is being negotiated, is constructed over the coming years.

"It will be about the biggest there is anywhere," Trump said. "The construction of this facility represents the return of LCD electronics and electronics manufacturing to the United States, the country that we love. That's where we want our jobs.

"When this investment is complete, Foxconn has the potential to create more manufacturing jobs than we've seen in many, many decades," the president added.

Businesses have created more than 800,000 new jobs since the president took office, Vice President Mike Pence said in introducing Trump.

"Company after company are announcing record investments -- billions of dollars and thousands of jobs," Pence said.

Trump, in an interview with the Wall Street Journal on Tuesday, said that Apple CEO Tim Cook has committed to build three "big plants, beautiful plants," in the U.S. Apple has declined to comment and the administration provided no details to back up the statements.

Neither the president nor Gou mentioned Apple during the Wednesday appearance. The new Foxconn factory, which would produce flat-panel display screens for televisions and other consumer electronics. Foxconn currently builds most Apple iPhones in China. In past statements, Apple has said moving that operation to the U.S. would be very difficult.

In a previous statement in January, Gou said the company was considering investing more than $7 billion in U.S. facilities, potentially generating up to 50,000 jobs.
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