Taiwanese electronics manufacturer Foxconn announced plans to build a $10 billion LCD display screen plant in Wisconsin. For those unaware, Foxconn is a major supplier to Apple for it’s iPhones. This is a giant deal that will strike up thousands of jobs and an attempt to help grow America’s economy.
Although based in Taiwan, much of the company’s production is done in China. Moving a factory to the U.S may allow us to see cheaper rates for these ever-growing devices. Giant TV’s or tons of phone screens will no longer need to travel across the ocean when they’re already in our back yard.
The facility’s construction would support 10,000 jobs in each of the next four years of construction s well as 6,000 indirect jobs. Foxconn would then employ 13,000 people at this facility with an average salary of $54,000. Construction is set to be complete well into 2020, but this isn’t the first time Foxconn has attempted to build here. The original plan was in Pennsylvania which fell through. With targets set on Wisconsin and millions in tax breaks available we’re more hopeful this time around.