Foxconn to invest $10 billion in Wisconsin

Taiwanese manufacturer Foxconn, which produces electronics for Apple and other technology companies, comes to Wisconsin.

The firm invests $10 billion in Wisconsin to build a new plant for the production of LCD panels. The project will create 13 thousand new jobs and should be completed by 2020, according to Wisconsin Gov. Scott Walker. Rating Foxconn workplaces were more conservative. In a statement the company said that the project will create 3 thousand workplaces with the "potential" to create up to 13 thousand new jobs.

Foxconn announced the investment the White house. "One thing we know about this President, is how he intends to revive manufacturing in America and bring back jobs. It directly shows the real results," said Ryan, a Republican representing Wisconsin.

Trump called the General Director of Foxconn Terry GOU "one of the great businessmen anywhere in the world". Soon after the inauguration of the President of trump GOU started to make plans about investments of more than $7 billion per plant for the production of displays, with the potential of creating as many as 50 thousand jobs. However, GOU was talking about relocating production to the United States for several years now and yet little has happened. For example, in 2013, Foxconn announced plans to build in Pennsylvania, the plant cost $30 million It has not yet been built.

Foxconn has received generous tax breaks for your business in Wisconsin. Agreement state about the new plant, which requires the approval of legislation that includes incentives totaling up to $3 billion Details of this package will be announced in the coming days. Foxconn has also considered the construction of a plant in Ohio, Michigan and Pennsylvania among other States.

sections: World News, Economics