Foxconn to open Wisconsin factory

Trump announced Wednesday that Foxconn plans a new factory in Wisconsin, fulfilling the Taiwanese manufacturing giant’s promise to invest in the US, Bloomberg reports. The factory, which will produce LCD display monitors, will open in the home district of House Speaker Paul Ryan, a Wisconsin Republican who personally lobbied Trump and White House chief of staff Reince Priebus to help secure the plant. The White House’s Office of Innovation, led by Trump’s son-in-law Jared Kushner, led administration efforts to land the $10 billion facility, according to a White House official who requested anonymity to discuss the deal before the announcement. Trump applauded the investment in a White House ceremony with Foxconn chairman Terry Gou calling it “a great day for American workers and American manufacturing” and taking credit for the company’s decision to build the factory in the US. The plant is expected to employ about 3,000 people at first, though it could eventually provide as many as 13,000 jobs.