Foxconn Coming to Southeastern Wisconsin

Steve Doyle skeptical of luring Foxconn to Wisconsin with millions in incentives

But so far Foxconn has only announced its intention to build "display panels used in televisions and other products" like "smartphones and auto dashboards", per the WSJ, and Gou mostly was motivated by "reducing the costs of shipping large-screen TVs from Asia".

President Donald Trump meets with the White House office of American innovation. The company's initial investment will create 3,000 jobs at a minimum with potential of 13,000 in the very near future.

It would mark a substantial gain for a state that now has 472,000 manufacturing jobs and is still recovering from factory layoffs-including the closure of a General Motors plant in Ryan's hometown-that hit after the 2008 financial crisis.

Foxconn, a giant manufacturer of electronics like Apple's iPhone and Microsoft's Xbox, said on Wednesday that it plans to open its first major American factory in Wisconsin.

Foxconn said the factory is planed for 2020, and it would be 20 million square feet or the size of 11 Lambeau fields.

The deal comes as President Donald Trump seeks to fulfill a promise to bring manufacturing jobs that have been lost in recent decades back to the United States. Other states vying for the plant are Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas.

HTC is releasing standalone Vive VR headset in the Chinese market
With the Daydream headset on track for release in 2017, we wouldn't be surprised if we see something in China this year, too. This new VR Headset is powered by Qualcomm's Snapdragon 835 SoC , which is the company's flagship chipset.

A specific location for Foxconn's plant was not disclosed. Speaking with reporters earlier in the day, a senior official attributed Foxconn's plans to the "deregulation" policies of the Trump administration and its previous pledges to advance tax and infrastructure reforms - even though the president has yet to offer any such plans to Congress. To make flat-panel displays, the company will need access to great quantities of water to keep work spaces dust-free, among other things.

Foxconn announced the investment from the White House.

As Republicans in Washington struggle to repeal Obamacare and advance bills on tax cuts and infrastructure, Trump seized on the announcement as a win in a key swing state, saying the deal wouldn't have been done "if I didn't get elected". The company will build a facility that manufactures LCD screens for everything from self-driving cars to aircraft systems.

Foxconn now has facilities in Virginia and in, each of which employ fewer than 1,000 workers, according to its website.

Wisconsin Gov. Scott Walker said at a White House event that the state will award $3 billion in incentives and sign a memorandum of understanding on the investment on Thursday.


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