Taiwanese electronics manufacturer Foxconn announces plans to build a $10 billion LCD display panel screen plant in Wisconsin. Grace Lee reports.
A multi-billion dollar announcement from Donald Trump alongside one of the world's largest electronics manufacturers. "Today, I'm pleased to announce that Foxconn, a world leader in manufacturing for computers, communications, will build a state of the art manufacturing facility for the production of LCD panel products in Wisconsin," said Trump. According to the plan, the Taiwanese company, best known for being a major parts supplier for Apple's iPhones, will build a 10 billion dollar facility over the next four years, which could eventually employ up to 13 thousand Americans. That's a headline number for Trump, who's made countless pledges about creating U.S. jobs, and he didn't forget to take credit for the deal, struck alongside Foxconn CEO Terry Gou. "If I didn't get elected he definitely would not be spending 10 billion dollars," he said. Foxconn has a mixed record when it comes to following up on promises to create new jobs in the US. Just four years ago, the company said it would invest 30 million dollars and hire hundreds at a new Pennsylvania plant, which was never completed. But it's got a big reason to follow through this time around, Wisconsin Governor Scott Walker sweetening the deal with the promise of a 3 billion dollar incentives package for Foxconn - if it meets its hiring targets.