“Foxconn Technology Group on Wednesday pledged to invest $10 billion to build a display panel plant in Wisconsin that could employ up to 13,000 workers and draw up to $3 billion in subsidies from state taxpayers — a deal that could ripple through the economy and 2018 elections,” Patrick Marley and Jason Stein report for The Milwaukee Journal Sentinel. “‘This is a great day for American workers and manufacturers and everyone who believes in the concept and the label ‘Made in the USA,” said an ebullient President Donald Trump at the White House announcement.”
“Trump seized on the announcement as a win in a key swing state, crowing that the deal wouldn’t have been done ‘if I didn’t get elected.’ The agreement represents an opportunity as well as a risk for Wisconsin — state lawmakers must now consider a subsidy package nearly 50 times bigger than the state’s previous record,” Marley and Stein report. “The factory project would involve a virtual village, with housing, stores and service businesses spread over at least 1,000 acres, according to interviews. That acreage, a 1.5 square-mile area the size of Shorewood, could be assembled from parcels that initially aren’t contiguous, the source said.”
“At 20 million square feet, the factory would be three times the size of the Pentagon, making it one of the largest manufacturing campuses in the nation. It would initially employ 3,000 workers making an average of $53,900 a year plus benefits and could eventually boast more than four times that,” Marley and Stein report. “‘America does not have a single LCD plant to produce a complicated system. We are going to change that,’ Foxconn Chairman Terry Gou said.”
“The deal comes as Trump seeks to fulfill a promise to bring manufacturing jobs that have been lost in recent decades back to the United States. U.S. House Speaker Paul Ryan, whose district in southeastern Wisconsin would be home to the facility, praised Trump and Walker for working to make it happen, calling the plant a ‘game changer,'” Marley and Stein report. “The Foxconn plant would make liquid crystal display panels used in computer screens, televisions and the dashboards of cars. Walker’s office said the deal could result in up to 22,000 jobs that would be indirectly created by suppliers and businesses looking to locate near Foxconn and serve the company and its workers. The construction alone could lead to 10,000 jobs over each of the next four years.”
Read more in the full article here.
MacDailyNews Take: Hey, make a bunch of those new, forthcoming Apple pro displays there, too!
The announcement at the White House on Wednesday evening:
SEE ALSO:
President Trump to announce Apple-supplier Foxconn manufacturing plant in Wisconsin today at 5pm EDT – July 26, 2017
Apple supplier Foxconn nearing decision to build plant in Wisconsin to produce display panels – July 25, 2017
Made in America iPhones, after all? Apple supplier Foxconn considering iPhone plant in Wisconsin – June 15, 2017
China Premier Li visits Apple supplier Foxconn after CEO’s meeting with President Trump – May 10, 2017
Apple’s top manufacturing partner to meet with U.S. President Trump today – April 27, 2017
Apple could help Westinghouse in completing new nuclear plants – April 17, 2017
Apple may bid for big stake in Toshiba – April 17, 2017
Apple supplier Sharp may begin building $7 billion U.S. plant in within months as Japan PM meets President Trump – February 8, 2017
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
With President Trump soon to take office, Apple looks to boost its ‘Made in America’ credentials – January 10, 2017
Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing – January 9, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
Apple in talks to invest $1 billion in SoftBank tech fund – December 13, 2016
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016
