President Trump, electronics manufacturer Foxconn announce new Wisconsin plant

President Donald Trump announced that the electronics manufacturer Foxconn will be building a new US plant in Wisconsin to produce LCD screens. During the White House announcement, President Trump was joined by Foxconn CEO Terry Guo, House Speaker Paul Ryan (R-WI) and Gov Scott Walker (R-WI). Some of the details of the project are still unclear, but the White House said during a call with reporters that Foxconn would be making a $10 billion investment and that the factory would create 3,000 jobs.

While a senior White House official deferred a number of questions about the deal to Gov Walker, he said the deal was secured by in part by the newly-created White House team tasked with modernizing government operations that’s led by Trump adviser and son-in-law Jared Kushner. “This is a culmination of many months of discussion between the White House Office of American Innovation and Foxconn,” the official said. President Trump also met with Guo during the negotiations, the official added.