Foxconn Announces $10B American Factory in Wisconsin
Goodbye Shenzhen, hello Sheboygan. The Taiwanese electronics giant famous for manufacturing Apple smartphones will spend $10 billion over four years to build a new LCD TV screen plant in Wisconsin. In 2013, Foxconn announced a $30 million Pennsylvania factory, but it never came to fruition. Wisconsin Gov. Scott Walker says the state will award $3 billion in incentives to the factory, which will initially employ 3,000 people. President Trump took credit for Foxconn’s investment and said Apple has also committed to building three American plants, though Apple had no comment.