Apple supplier Foxconn to build plant in Wisconsin, announcement imminent

Apple Inc. (NASDAQ:AAPL) To Build A $10 Billion LCD Factory

Apple Inc. (NASDAQ:AAPL) To Build A $10 Billion LCD Factory

The factory will produce flat-panel display screens, which can be costly to ship.

"We are confident that making American products will be a great success", Gou said during a White House press conference. The company's initial investment will create 3,000 jobs at a minimum with potential of 13,000 in the very near future. Foxconn promised in 2013 to invest $30 million and hire 500 workers for a new, high-tech factory in Pennsylvania that was never built.

Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal display panels, or LCDs. The campus dubbed "Wisconn Valley", would cover almost 1.6 square miles and be three times the size of the Pentagon.

"We are thrilled to build a state-of-the art display fabrication plant in America's heartland, which will be the first of a series of facilities we are building in several USA states as part of a robust 8K+5G ecosystem in the United States", Gou said.

Foxconn already has facilities and offices in Alabama, California, Indiana, Massachusetts, Michigan, North Carolina, Pennsylvania, Texas, and Virginia.

Opposition protests suspension of Congress MPs, allows Kovind's swearing
He said the Bofors scam issue has again came to the fore and the country wants to know the truth from the Congress. Meanwhile, Derek O'Brien of the TMC urged all states to follow West bengal's model of crop insurance.

Trump did say in an interview with the Wall Street Journal on Tuesday that Apple CEO Tim Cook had agreed to build "three big plants-big, big, big". Foxconn is not a choice free of controversy: Otherwise known as Hon Hai Precision, the company has come into controversy in the past over labor practices in China.

Trump praised Foxconn chairman Terry Gou at a White House event, saying, "If I didn't get elected, he definitely wouldn't be spending $10 billion ..." On December 07 Foxconn confirmed they were in preliminary talks about an expansion plan in the U.S. As noted at the bottom of our report, Patently Apple has followed-up on this subject seven more times to keep on top of these developments.

It was unclear as of Wednesday when Foxconn plans to begin construction on the plant.

That includes up to $1.5 billion in state income tax credits for job creation. up to $1.35 billion in state income tax credits for capital investment, and up to $150 million for the sales and use tax exemption.

Jennifer Shilling, D Senate Minority Leader. said: "While I welcome new businesses to the state, I want to ensure any state-subsidized private sector jobs offer a living wage and safe working conditions".

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