The same week that Apple (AAPL) has kept mum about reports that it will build three plants in the USA, one of its largest suppliers, Foxconn (FXCOF), announced plans for a new multi-billion dollar factory in Wisconsin. He also met with Foxconn executives and said Walker's administration told him the deal could lead to 10,000 or more jobs. President Trump announced that the Foxconn Technology Group will spend $10 billion to build a plant in Wisconsin, as CEO Terry Gou stood alongside. "This is a great day for America". The state's deal for the new plant, which requires legislative approval, includes incentives totaling as much as $3 billion, Walker said.
The companies will also work together on workforce development and training.
Walker's office said the incentives are projected to cost between $200 million and $250 million a year, capped at $3 billion.
Others are concerned about the company's ability to follow through on agreements; in 2013, Foxconn planned to invest $30 million to build a factory in Pennsylvania, but it was never built.
The effort proved to be too much for other states like NY that had also been vying to land Foxconn, a major supplier to Apple and other electronic device companies that is based in Taiwan.
The investment plan, labeled by Wisconsin Governor Scott Walker as "the largest economic development project in the history of Wisconsin", involves a virtual village, with housing, stores and service businesses spread over at least 1000 acres, according to media reports.
President Trump announced the news of this investment during a ceremony in White House on July 26, Wednesday. He said due to changes in Pennsylvania's state leadership, the company did not move forward to create the factory.
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When talk veered to the injuries that plagued him and Asela Gunaratne, Herath explained: "The x-ray doesn't show any fracture". Earlier, Kohli brought up his 17th test century when India batted for a half-hour, having resumed day four on 189 for three.
The Chicago Tribune reported that the facility will make flat-screen displays in Kenosha, located in southeastern Wisconsin.
This isn't the only case of Chinese corporations promising big investments in the United States and not coming through. Some of those announcements sought to take credit for previously announced investments. "The bottom line is this company has a concerning track record of big announcements with little follow-through".
Let's think about this: Is there some way the state could invest $3 billion that would generate more wealth, more jobs and better economic growth throughout the state?
Overall only 8 per cent of U.S. workers are employed in manufacturing, down from 22 per cent in 1970 due to the impact of technological change and the growth of global supply chains.
Apple has not commented about Trump's claim.
Terry Gou shakes hands with Donald Trump during a White House event in Washington on Wednesday.