President Trump announced Wednesday that Foxconn, a Taiwanese manufacturing giant that makes iPhone components, will build a major factory in Wisconsin and create thousands of new jobs.
The $10 billion deal will open an LDC electronics factory, a rarity in the U.S., and mark the advent of domestic production of iPhones. Mr. Trump touted it as evidence that he is spurring an economic boom.
“To make such an incredible investment, [Foxconn Chairman Terry Gou] put his faith and confidence in the future of the American economy. In other words, if I didn’t get elected, he definitely would not be spending $10 billion,” Mr. Trump said, making the announcement at the White House.
“You see exactly what I’m saying,” said Mr. Trump. ” Our administration’s work to remove job-killing regulations — he’s been watching — to institute Buy American and Hire American, and all of those policies, and to pursue the steps necessary to revitalize American industry, including repealing and replacing Obamacare.”
