Scott Walker: Foxconn won't get $3B unless 13000 jobs are created

A security guard stands at the entrance of the Foxconn complex in the southern Chinese city of Shenzhen in 2010. A month after Donald Trump was elected president Taiwan-based Foxconn was one of the first companies to announce plans to invest billions

Foxconn promised in 2013, for example, to invest $30 million and hire 500 workers for a new high-tech factory in Pennsylvania, but it was never built.

President Trump announced Wednesday that Foxconn, a Taiwanese manufacturing giant that makes iPhone components, will build a major factory in Wisconsin and create thousands of new jobs. He also claimed the plant will be the largest economic development project in the state's history.

"The construction of this facility represents the return of LCD electronics and electronics manufacturing to the United States, the country we love", Trump said. "If I didn't get elected, he definitely would not be spending $10 billion", Trump said.

He told reporters at the White House the state legislature will need to approve the $3 billion incentives package.

"This shows actual results - getting it done", Ryan said.

Foxconn has announced that it is making a massive investment into a new USA manufacturing facility.

Foxconn CEO Terry Gou announced just yesterday that they will be investing $10 billion in the United States, to building a new factory in Wisconsin.

The company has manufactured technology for Apple, Microsoft and HP among others, and at its peak employed more than 1 million people, mostly in China.

And Trump, in an interview Tuesday with the Wall Street Journal, said Foxconn was strongly considering putting the plant in Wisconsin. He explained that the company's initial investment would create 3,000 jobs until a larger facility could be constructed.

President Trump took a lot of the credit for convincing Foxconn to manufacture products in the United States.

The company is also looking to Detroit for a possible manufacturing plant, though the sources did not specify for what.

Trump told The Wall Street Journal on Tuesday that Apple CEO Tim Cook promised him that the company would create three new manufacturing plants in the US - a claim the company declined to confirm.

"He called me, and he said they are going forward", Trump added, which is curious because Apple outsources nearly all of its manufacturing and subsequently declined to comment on Trump's claim.

Foxconn makes displays for iPhones and other devices, but so far only has plants in Asia.

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