Foxconn’s CEO and president Trump announce plans for a $10 billion LCD factory in Wisconsin by 2020


President Trump’s election campaign largely revolved around making “America great again” and bringing businesses into the country. Trump has been quite engaged with the tech sector in particular, where bringing the production of iPhones to American soil seems like one of his top priorities in the business field. While it is not clear whether Tim Cook actually promised Trump last week to build three ‘big, big, big’ Apple plants in the US, the president has apparently been involved in a previously rumoured venture with Foxconn that was officially announced yesterday.

At a White House ceremony this Wednesday, it was revealed that the Taiwan-based tech company plans to build a $10 billion LCD panels manufacturing facility in the state of Wisconsin that should open by 2020. The event was attended by both business people and legislators, including Gov. Scott Walker and Foxconn’s CEO Terry Gou. White House host president Trump was obviously also present, commenting that the project was made possible by his election.


Apparently, Foxconn will receive up to $3 billion in tax incentives, as state-funded stimulus for the execution of the project. It is difficult to speculate about Trump’s input into the launch of the venture, though, as Foxconn’s plant opening was rumoured before the election last year. Nonetheless, Gou did take his time to acknowledge the president’s involvement. 


The announced facility is expected to employ 3,000 to start with and will gradually expand with up to 10,000 more job openings. Foxconn’s plant is projected to generate up to $181 million in local and state tax annually, and will span over a 20 million-square-feet campus.

Foxconn is one of Apple’s key supply chain partners, but the plant will not be making products for Cupertino, at least not in the foreseeable future. The LCD panels the factory will produce will be for Sharp’s TV production, but the envisioned and announced scope of production at the plant, namely ‘televisions and other consumer electronics’, presupposes that manufacturing may go beyond TV panels in the future.

In any case, the move is largely positive for both the business sector in the US and Trump’s presidency, as the project will bring skill and investments into a state the president said was very close to his heart.

source: Wisconsin State Journal via 9To5Mac

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49 Comments

1. cmdacos

Posts: 3752; Member since: Nov 01, 2016

By 2020 LCD will only be relevant for land fills

3. trojan_horse

Posts: 5868; Member since: May 06, 2016

And I doubt Trump would still be in office by 2020. Impeachment inbound.

6. bucky

Posts: 3771; Member since: Sep 30, 2009

Im going to laugh so hard if he wins again.

8. kiko007

Posts: 7385; Member since: Feb 17, 2016

The only way he won the first time was with an enemy nation's aid, there is zero shot in hell he wins fair and square now. Better hope Russia wants to back him now that sanctions are piling up against them. P.S. Trump's Presidential Approval Rating sits at 35% atm. That's the lowest in a six month span in it's history of being recorded. He's a dead man walking.

11. Well-Manicured-Man

Posts: 647; Member since: Jun 16, 2015

He isn't. According to surveys Trump should not have become president in the first place but he still made it. I don't think that the normal rules apply for him. And in the end, Trump needs to win states and not the majority of voters. But I agree with you that it lays in the hands of the democrats whether trump will win again or not. If the democrats nominate again an establishment representative, then Trump will win again. If they nominate a guy like Sanders Trump will lose.

17. SYSTEM_LORD

Posts: 1168; Member since: Oct 05, 2015

Ron Paul is the only decent candidate that I see out there right now. Problem is, the media refuses to acknowledge his presence and candidacy so the delusional and spoon-fed public will never consider him. Anyone truly worth anything won't make it into office or will get killed...just ask Kennedy.

26. joeytaylor

Posts: 957; Member since: Feb 28, 2015

Sanders cannot win

28. Well-Manicured-Man

Posts: 647; Member since: Jun 16, 2015

If it was him against Trump I am more than certain that people would vote sanders for president. Just because both do not belong to the establishment and Trump is disliked by so many people. Sanders would be the smaller evil in many eyes.

29. joeytaylor

Posts: 957; Member since: Feb 28, 2015

I have to disagree.....even though Trump is an idiot....Sanders could not come close to a majority in actual votes or the electoral college

42. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

If there no path to victory for an uncorrupt official then do you think there is hope for the country to prosper again? Remember China and Russia that don't believe in Westen Democracy. Those that vote for Trump will be remembered as traitors as well.

43. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

China and Russia could overtake America with insiders help because the country is filled with corrupted official. Watch the damage one corrupt official can do. https://www.youtube.com/watch?v=tdU9KB7TtUw

13. Scott93274

Posts: 6021; Member since: Aug 06, 2013

Seriously, Trump is such an asshat. And his administration is complaining about information leaks... yet is there any information more important than what Trump had been revealed to have shared with the Russian ambassadors behind closed doors? Ex-CIA operatives have gone on the record saying that alone should be grounds for impeachment, but the Republican controlled House and Senate are doing everything they can to push their agendas through as fast as possible. Ironically, even though they have full control of the government right now, the Republican party hasn't been successful in accomplishing anything aside from appointing a new Supreme Court Justice which only happened because they had blocked Obama's attempts for half a year. Don't believe me? Watch McCain's Speach he gave when he returned to Washington, He calls out his own party on this. If things continue as they are now, there's going to be a significant shake-up in the 2018 elections. ... and yeah, there is absolutely no way in Hell Trump will last the full duration of his four-year term, frankly, I'd be shocked if he made it to the end of his first year in office.

49. yyzamin

Posts: 375; Member since: Aug 26, 2015

Wikileaks leaked TRUTHS. No lies were leaked. If you think people that voted for Trump regret it your dead wrong. He doesn't need to be popular in LA and NY as long as he's popular in the key States which he is.

33. LiveFaith

Posts: 333; Member since: Jul 04, 2015

The last time he won, I laughed for weeks. Watching the mainstream news media pre and post election videos is priceless.

2. Mr.Pussy

Posts: 348; Member since: Feb 16, 2017

Foxconn come to America to dig a big hole. The unions and it lazy workers will help burry foxconn deep deep down the hole lol.

10. baldilocks

Posts: 1425; Member since: Dec 14, 2008

No. HIllary is the reason he won.

40. tedkord

Posts: 17043; Member since: Jun 17, 2009

No, racists, Russians and rubes are the reason he won.

45. Mr.Pussy

Posts: 348; Member since: Feb 16, 2017

I wont lie. I voted for the man because I want America great again. Still waiting lol.

46. tedkord

Posts: 17043; Member since: Jun 17, 2009

Well, he's already made SNL great again. I'm not sure when he's planning to start the next phase.

52. Michigan

Posts: 246; Member since: Nov 19, 2016

Definitely The daily show has been made great again.#46

4. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Apple/Foxconn doing what it can to prevent the Qualcomm ban. Hope you all looking forward to Apple prices going up even more. Apple always claims products would go higher, because the US has stricter labor laws than Asian countries, and they are goign to pass that cost to the consumer, even though Apple has BILLIONS of dollars. Samsung already has a chip factory here and is also planning to bring a product production facility here. If they both get way to expensive, they can look forward to Chine OEM's crushing them in the coming years with marketshare. Apple should have been had factories here. But they wont make to much here because it will dig into profits and we can't have that happening.

12. Well-Manicured-Man

Posts: 647; Member since: Jun 16, 2015

Techie, building a factory in the US does not necessarily mean prices go up. If labor costs are low compared to the production equipment for example, you can produce easily in the US. This applies for chip factories for example. They cost billions to build. So if you invest 5bil USD into a Chip factory, you don't care so much about labor costs you rather care about how this equipment is put to use. That's why AMD for example produces CPUs and GPUs in Germany because the Germans operate the factory so efficient that the equipment is used best there and consequently this arbitrages higher labor costs. I assume the same applies to the US.

22. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Well in theory that would be ideal...but sorry to bust your bubble. Even Steve Forbes doesn't agree with you and so do several others: http://www.businessinsider.com/how-much-products-would-cost-if-made-in-us-2016-11 https://9to5mac.com/2016/06/13/iphone-made-in-usa-cost/ https://www.forbes.com/sites/timworstall/2013/09/25/if-apple-brought-iphone-manufacturing-to-the-us-it-would-cost-them-4-2-billion/#5173751d115f In an ideal world, you would be right. But in APple's wprld you wopuld be wrong. Here is a fact since you're blind to them. Righrt now it cost Apple $220 to make the iPhone 7+ in China. If brought to the USA, since all the parts would be made overseas and only assembled here because that si what Foxconn does, Appel could keep the price the same. But becaus eof a full time worker required to have thinsg like vacation days, sick days, a certain wage and insurance and other benefits, Apple would raise the cost to compensate. Its not just Apple dude, all corps who would dop so. Example, when Toyota was making cars overseas, the Camry for example was $5000 to $7000 cheaper. Toyota now not pnly assembles the Camry in the US, they have a full factory that also makes it parts. In the old days what Toyota did was they built a boat (cargo ship) where they place all the parts for so many cars. As the boat sails to the US, the cars were assembled on the boat. Now since they do it here, they have raised the base price of the Camry from its $16000 to now its about $21-23000 minimum. Don't tell me that US production would not raises costs. It will because the OEM's will use that as an excuse to raise the cost. Even though they are still sourcing the parts overseas for cheap. You don't own a business, you have no idea what it requires. I buy parts from companies who have moved some assembly work to the US and sure enough prices when up when I signed a new contract for materials. YOU ARE WRONG!!!!!

27. Well-Manicured-Man

Posts: 647; Member since: Jun 16, 2015

I am a business man and I am also a purchaser and I work in a high cost European country with payed vacation and sick days. I think that you compare Apples (sorry no offend meant) to bananas. You compare assembling to manufacturing and you compare micro chips to cars. Of course assembling is cheaper in overseas but assembling is not equal to production. You do not assemble micro chips but you rather produce them fully automated. Also I've visited the production plant of the Mercedes sclass once. It's entirely automated. Workers only maintain the machinery. Assembling cars is not necessarily labor intensive anymore. Before this background I don't think foxconn plans to hire 10.000 people to produce LCD screens. They produce these screens surely with a high degree of automatization. They hire maybe 2000 to 3000 people to run the factory in best case. The rest of these alleged 10.000 jobs is probably envisioned to be created along the value and supply chain and indirectly in different branches like restaurants since employed people spend money creating jobs via a spending cascade. Long story short: these 10.000 jobs and very hypothetical.

23. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Labor cost in the USA are higher than in any other country in the world, because we have specific labor laws that require safety checks and balanced in favor of the employee...NOT EMPLOYER. Those things like safer working locations, materials that are more expensive because cheap hazardous materials can't be used here, EOE laws, insurance benfits, vacation pay, sick days, and more all cost corps money. When you outsource overseas, all those cost disappear because the workers are not your employees. Wake up from your fantasy world dude...even Forbes says you';re wrong and he is a businessman. You're not. You're just pretending you know something.

51. yyzamin

Posts: 375; Member since: Aug 26, 2015

Labor cost in the USA are higher than in any other country in the world, because we have specific labor laws that require safety checks and balanced in favor of the employee...NOT EMPLOYER. In Australia we get 20 days paid annual leave at 115%. 10 paid sick days/personal leave. Men get 10 Days paid maternity leave. Women get 6 months paid maternity leave at full pay or 12 months at half pay. What equivalent conditions do you have in the States? How exactly do your labour laws favour the employee more than any other country in the world? As for Occupational Health and Safety Every 1st world country would have similar practices in place. Please stop claiming you know more than people when you clearly dont. You have no credibility.

24. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Also let me hit you with more facts. I also understand as technology progresses, things also get more expensive. Like for example LCD TV's cost way more than the old vacuun tube TV's. But as a matter of fact, several company's in the old days before I was born like Zenith, RCA and many others, made their stuff here. When they first mobve manufacturing overseas, it was even more expensive to buy those things because of the cost of import taxes. The US lessened it import taxes on good from certain countries like China, Philippines and Indonesia for example, because all the tech companies have moved their factories here and import cots were reduced because of the high volume of goods that need to be shipped here. NOTMYPRESIDENT TRUMP said he was goign to raise those back up, to discourage corps from moving so much manufacturing out the US. He has yet to do that because his own business actually benefits and of course you know he doesn't want to pay more. So its not gonna happen. But its the cost of labor laws in the USA that makes manufacturing here so expensive. LIek example, no child labor whatsoever, minimun wage where here they arer forced to pay a certain amount. In China a company can pay as little as 5 cents per hour. FACT - In the Philippines, even for the best high paying job, the average salary of a worker is equal to $350USD per month. Thats about $11 per day dude. So if you paying someone $11 per day vs $11 per hour, think about how much money they are saving. Wake up dude, you;re not a businessman.

35. L0n3n1nja

Posts: 1503; Member since: Jul 12, 2016

Chinese is already crushing them in some markets because they are willing to sell with little profit while Samsung/Apple are all about profit margins.

15. HugoBarraCyanogenmod

Posts: 1408; Member since: Jul 06, 2014

Wisconsin, you dare to change, you deserve what you get. #MAGA Looking forward what it's like to be made in USA

16. jsjammu

Posts: 169; Member since: Nov 13, 2014

LCD? LMAO

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