Foxconn, the Taiwanese electronics supplier, announced on Wednesday that it would invest $10bn in a new LCD production facility in Wisconsin.
The “state of the art” facility would create an initial 3,000 jobs and be the “first of many” investments the Apple supplier plans to make across the US, a White House official said. Over time, the plant could lead to as many as 13,000 jobs, the official said, calling the deal a “milestone in bringing back advanced manufacturing”.
Wisconsin would invest $3bn in economic incentives as part of what its governor Scott Walker said was the “single largest economic development project” in the state’s history.
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