Trump Announces Apple Supplier Foxconn Opening U.S. Factory
- Deal is a triumph for Wisconsinites Paul Ryan, Reince Priebus
- Foxconn will get incentive package worth as much as $3 billion
Why Making an iPhone in the U.S. Isn't a Great Idea
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President Donald Trump announced Wednesday that Foxconn Technology Group plans a new factory in Wisconsin, fulfilling the Taiwanese manufacturing giant’s promise to invest in the U.S.
The factory, which will produce LCD display monitors, will open in the home district of House Speaker Paul Ryan, a Wisconsin Republican who personally lobbied Trump and White House chief of staff Reince Priebus to help secure the plant. The White House’s Office of Innovation, led by Trump’s son-in-law Jared Kushner, led administration efforts to land the $10 billion facility, according to a White House official who requested anonymity to discuss the deal before the announcement.