Foxconn's $10B Wisconsin LCD factory to supply Sharp, not Apple

in General Discussion
Foxconn CEO Terry Guo on Wednesday announced plans to invest $10 billion in an LCD manufacturing plant in Wisconsin, with production slated to go to subsidiary Sharp.

Guo presented the information to reporters gathered at the White House, where he was joined by President Donald Trump, Vice President Mike Pence, House Speaker Paul Ryan and Wisconsin Gov. Scott Walker, reports CNN.

Walker said the new facility, slated for completion by 2020, will create 13,000 jobs in the region. A statement released by Foxconn clarifies the situation, saying the plant will generate 3,000 new jobs with the potential to create as many as 13,000.

Job creation has been a major focus for the Trump administration, with Trump himself often taking credit for striking deals to create new work for American citizens while keeping existing jobs on domestic soil.

"One thing we know about this president is how committed he is to reviving American manufacturing and bringing jobs home," Ryan said. "This right here shows actual results."

On Tuesday, Trump said Apple CEO Tim Cook "promised" to build "three big plants, beautiful plants" in the U.S. Whether Trump counts Foxconn's new Wisconsin production facility among those is unclear.

Apple has long outsourced manufacturing and assembly of its products to companies like Foxconn, as well as other East Asian firms.
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