Electronics giant Foxconn will build plant in Wisconsin

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

Foxconn- Steve Jurvetson

"We are going to change that", Foxconn chairman Terry Gou said at the White House news conference. The art museum building is a white, winged-shaped structure designed by Santiago Calatrava that sits on Lake Michigan. They would only be awarded if Foxconn creates the jobs and pays an average salary of almost $54,000.

The decision of Foxconn to open a plant in Wisconsin follows an unusual trend of stories involving Apple and the state. The investment in the facility by Foxconn will cost $10 billion and will be constructed somewhere in Wisconsin.

The new 20,000-square-foot facility in Wisconsin is slated for completion by 2020.

If the biggest victor in the Foxconn sweepstakes so far is Wisconsin, the second-biggest is Gov. Scott Walker.

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Gou spoke Thursday in Milwaukee at a ceremony where he and Walker signed a memorandum of understanding.

Foxconn is expected to initially invest $10 billion in the plant, which will employ around 3,000 workers.

Gou praises Walker for traveling to see him on a weekend, joking that no one works on weekends. We want them to have good paying jobs and a vibrant economy.

Taiwan-based Foxconn is perhaps best known for assembling Apple iPhones in China.

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"Foxconn will make screens used for automobiles, health-care and other electronic devices", Governor Walker said, adding that the company would also receive $3bn in tax breaks including state, local, and federal subsidies. Since that figure is an average and not a median amount, it could be significantly affected by a few workers making a very high salary. The money would have to be approved by lawmakers.

The exact site for the factory has yet to be chosen, but Foxconn is said to be considering areas in Wisconsin's Racine and Kenosha counties.

Walker says a special session of the Wisconsin Legislature will be called to pass the incentive package.

Taiwanese tech giant Foxconn plans to build a $10 billion plant to manufacture LCD screens in Wisconsin, the company announced Wednesday afternoon at a White House event. He also claimed the plant will be the largest economic development project in the state's history.

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He has made several announcements since his election in November about US investments by both foreign and domestic manufacturers, building on his campaign focus on boosting American jobs. He was later joined by President Trump.

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