The deal with Foxconn "is a culmination of many months of discussion" between a team of Republicans from the White House, Wisconsin and Foxconn officials, the White House official said. The project will create 13,000 new jobs and should be completed by 2020, according to Wisconsin Gov. Scott Walker. Walker said the investment would create 13,000 jobs, with an average pay of $53,000 plus benefits.
White House spokesman Josh Raffel confirmed that the Trump announcement would be about Foxconn, but he wouldn't release details ahead of the event. As President Trump and Governor Walker smile for the cameras, I'll be with the Congressional Black Caucus taking questions from Americans whose lives would be put at risk under Trumpcare.
Walker and Ryan thanked Trump for his work on the deal.
Foxconn has the potential to create more manufacturing jobs than we have seen in many decades. Speaker Ryan immediately leaned forward and said "billion".
Trump called Gou "one of the great businessmen anywhere in the world". He did not exactly specify where the plant will be built but focused on high definition "8k" displays with enhanced screen resolution.
Ron JohnsonRon JohnsonBare bones repeal plan gains steam in Senate Trump, electronics manufacturer announce new Wisconsin plant Live coverage: Senate debates repealing ObamaCare MORE (R-Wis.).
Officials are in Washington D.C., making an announcement about Foxconn coming to Wisconsin. It has yet to be built.
According to the Milwaukee Journal Sentinel, the package would include incentives on the local, state and federal levels and would be unlike anything Wisconsin has offered in the past.
It's unclear whether the announcement in Wisconsin means that other states that were vying for the plant did not receive a Foxconn contract. Apple did not comment. "In other words, if I didn't get elected he definitely would not be spending $10 billion dollars", said President Trump.
Foxconn is a Taiwanese company that produces iPhones for Apple - primarily in China - and other electronics for companies like Dell and Toshiba.
The $10 billion deal will open an LDC electronics factory, a rarity in the US, and mark the advent of domestic production of iPhones.
At times, Foxconn's workplace demands have resulted in worker riots and suicides.