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.