"That would be three times the size of the U.S. Pentagon or for those of us who are Packer fans, that's big enough to put 11 Lambeau Fields inside of that space", Walker says.
Earlier Wednesday, a White House official told reporters the deal signals the country will "not only see a return of those manufacturing sectors" but will be positioned to be "globally dominant within skilled and advanced manufacturing".
But so far Foxconn has only announced its intention to build "display panels used in televisions and other products" like "smartphones and auto dashboards", per the WSJ, and Gou mostly was motivated by "reducing the costs of shipping large-screen TVs from Asia". Now that's apparently been narrowed to southeast Wisconsin and the Detroit area, according to the Wall Street Journal.
Foxconn said in a statement that it will invest $10 billion over the next four years to build a factory that "will create 3,000 jobs with the potential to grow to 13,000 new jobs in that state. He said 'That land should be used, '" Priebus said. On December 07 Foxconn confirmed they were in preliminary talks about an expansion plan in the U.S. As noted at the bottom of our report, Patently Apple has followed-up on this subject seven more times to keep on top of these developments. "These are excellent-wage jobs and has the ability to create tremendous spinoff benefits as the supply side gets built up around these large manufacturing plants". "The one word response will be: Foxconn".
Wisconsin's tax incentives would be awarded over 20 years if Foxconn meets hiring targets, officials said Wednesday.
Meanwhile, Trump said the financial commitment by Gou is a direct result of his electoral win.
"That would make (Foxconn) an employer in the US the size of Chrysler", said Gary Mullins, a professor of business and economics at UW-Stevens Point. Labor advocates say the company imposes excessive overtime and pressure on workers, especially when it ramps up production ahead of new iPhone launches.
"It's an exciting opportunity", said Democratic state Assembly Minority Leader Peter Barca. The state's deal for the new plant includes incentives totaling as much as $3 billion, Walker said. Almost seven months after the president declared victory and assured Carrier employees their jobs were safe, we've learned hundreds will soon be laid off.