Foxconn, a major manufacturing company, will bring 3,000 jobs to the northern U.S. state of Wisconsin and make liquid crystal display panels at a new plant, senior White House officials said Wednesday. LCD panels are key parts of computers, televisions and auto dashboards.
Trump administration officials said their efforts to cut regulations, reform taxes and boost infrastructure investment encouraged the company to make the $10 billion investment.
They said the deal followed months of negotiations, including meetings between President Donald Trump and Chairman Terry Gou of Foxconn, which is formally known as Hon Hai Precision Industry Co. Ltd. and is based in Taiwan.
Published reports said the plant might be located in the southeastern part of the state, in an area between Milwaukee and Chicago, Illinois. Those reports also said several other states were trying to entice the company to locate on their territory.
White House officials said that the plant workforce eventually could grow to 13,000 people.