Walker says Foxconn incentives tied to new jobs

Walker says Foxconn incentives tied to new jobs

Foxconn is one of Apple's primary manufacturing partners, often assembling the iPhone, according to the AP.

After Trump was elected in November, Foxconn Chairman Terry Gou had said that the company was looking to invest somewhere around $7 billion in the US and add somewhere between 30,000-50,000 jobs to the USA economy.

She and other Democrats say they are concerned about a potential of billions of dollars in state incentives being sent to Foxconn to seal the deal. At 20 million square feet, the factory would be three times the size of the Pentagon, making it one of the largest manufacturing campuses in the nation.

To woo the Foxconn factory to Wisconsin, the state had to offer massive subsidies to the tune of $3 billion.

Moore said in a statement Wednesday that she "respectfully declined" the invitation. Mr. Gou, Mr. Trump said, "joins a growing list of industry leaders who understand America's capabilities are limitless". Trump also took credit in December for Son's commitment to invest $50 billion in the U.S.to create 50,000 jobs, including 5,000 new positions at Sprint.

Walker, a Republican who is facing a hard re-election next year, said the investment would create 13 000 jobs, with an average pay of $53 000 plus benefits.

Foxconn already has facilities and offices in Alabama, California, Indiana, Massachusetts, Michigan, North Carolina, Pennsylvania, Texas, and Virginia.

The factory will produce flat-panel display screens, which can be costly to ship. "I said you know, Tim, unless you start building your plants in this country, I won't consider my administration an economic success".

Foxconn is a Taiwanese electronics manufacturing company that is best known for assembling iPhones for Apple. Gov. Scott Walker says no real proposal is on the table to lure Foxconn to the southeast Wisconsin in a big expansion.

Apple has said little about its plans to boost manufacturing in the U.S.

The company, which has been the subject of protests in the past over working conditions at its facilities, also has operations in Asia, Europe and Latin America.

With the new plant in Wisconsin, Foxconn is expected to receive a sizable tax break.



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