Another major victory for American industry as President Donald Trump said Wednesday that technology giant Foxconn will build a new $10 billion factory in Wisconsin that’s expected to create around 13,000 jobs.
The Trump Administration Promised to generate new manufacturing jobs and this is another major victory for bringing those jobs back to the United States.
The state of the art high tech factory will produce liquid crystal display panels that will be used in televisions, cellphones, tablets, and computer screens, said a White House official who is familiar with the Foxconn deal.
Foxconn will locate its plant in the Congressional District of U.S. House Speaker Paul Ryan in Wisconsin, although the official declined to provide a specific location for the building.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Awesome!: Foxconn announces $10 billion investment in Wisconsin and up to 13,000 <a href="https://twitter.com/hashtag/jobs?src=hash">#jobs</a> <a href="https://twitter.com/hashtag/maga?src=hash">#maga</a> <a href="https://twitter.com/hashtag/wisconsin?src=hash">#wisconsin</a> <a href="https://t.co/xK4WK6tR01">https://t.co/xK4WK6tR01</a></p>— Donald Trump Jr. (@DonaldJTrumpJr) <a href="https://twitter.com/DonaldJTrumpJr/status/890336878939045888">July 26, 2017</a></blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
Foxconn could eventually employ 13,000 workers at the factory, with an initial guaranteed 3,000 new jobs the date of the opening, the official said.
This is a major gain for a state that currently has only 472,000 manufacturing jobs and desperately needs to restore American manufacturing.
During the Obama Administration manufacturing dwindled in Wisconsin including closure of a General Motors plant in Ryan’s hometown.
Taiwan-based Foxconn is perhaps best known for assembling Apple iPhones in China, and now it seems they're going to bring that tech to America.