Foxconn plans to start a new manufacturing unit in the US

Image source: nytimes.com
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Finally, Foxconn is planning to open their manufacturing unit in the United States. World’s one of the biggest electronics manufacturing company Foxconn on Thursday announced that they are planning to open a 20-million sq.ft facility in Wisconsin for LCD panel development. For that, the company is aiming to spend over $10 billion. Also, states that they will open 3000 new jobs.

Mr. Trump joined Foxconn’s chairman, Terry Gou, at the White House for an announcement on Wednesday, with two Wisconsin Republicans, Gov. Scott Walker and Paul D. Ryan, the House speaker, in attendance. As per the observations, it will take more than 4 years for Foxconn to build up the entire factory unit. In the new units, they will manufacture flat-panel display screens for televisions and other consumer electronics, mostly smartphones, and tablets.

“This is a great day today for American manufacturing and American workers and for everybody who believes in the concept, in the label, Made in the U.S.A.,” he said. Mr. Gou, Mr. Trump said, “joins a growing list of industry leaders who understand America’s capabilities are limitless.”

This is going to be one of the biggest construction projects. Because it may take more than 10,000 construction workers and 3,000 permanent staffs to complete the project.

Source New York Times

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