On July 27, Foxconn Technology Group announced on the 26th that it will invest US$10 billion in the construction of LCD panels in Wisconsin in the next four years. This will be the largest new investment ever made by foreign companies in the United States, creating 3,000 new jobs for Wisconsin, and the opportunity to reach 13,000 people and become a landmark start for Foxconn investing in American manufacturing in the coming years.
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US President Trump and Foxconn founder and president Terry Gou declared the investment project at a ceremony held in the East Side of the White House.
Trump said: "This is a good day for American manufacturing, workers and all those who believe in 'Made in America'; the blessings of many industry leaders represented by Foxconn make the world more aware The incomparableness of American workers and the infinite dream of the American dream, the prosperity of the United States is at hand."
“This is a once-in-a-century opportunity for our state and the United States. Wisconsin is ready.†Governor Walker said, “We call it 'Wisconn Valley' because we believe this investment will transform Wisconsin. The upgrade is just like the changes brought about by Silicon Valley in the San Francisco Bay Area. Foxconn will bring forward high-tech manufacturing to the United States. Wisconsin will lead this transformation together. We would like to thank Foxconn for choosing Wisconsin to thank Mr. Gou for doing this. All efforts."
The new LCD panel factory is located in southeastern Wisconsin and the site will be announced shortly. From the new generation of televisions to autopilot cars, flight systems, to smart education, entertainment, health care, advanced manufacturing systems, office automation, interactive new retail, safe life, etc., LCD panels produced at this factory will be widely used in the future. Many high-tech fields that affect the daily life of consumers.
“It is a pleasure to build such a state-of-the-art panel plant in the center of the United States as the first project in the U.S. state investment plan, which is part of our ambitious plan to build the 8K+5G ecosystem in the United States.†Foxconn President Terry Gou said: “Thank President Trump and Governor Walker for their hard work in setting up Foxconn in Wisconsin. We also thank the U.S. Innovation Office for its valuable support and assistance. Wisconsin has a smart and hard-working team for advanced manufacturing. It has a long history, and all this has provided us with extraordinary opportunities."
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