Apple supplier foxconn says it will build big wisconsin factory

That's exciting news! Foxconn, a leading electronics manufacturer and supplier to Apple, has announced plans to build a new factory in Wisconsin, USA. Here are some key details:

Factory Location: The new factory will be located in Mount Pleasant, Wisconsin, about 30 miles south of Milwaukee.

Investment: Foxconn has committed to investing $10 billion in the new factory, which is expected to create up to 13,000 jobs in the region.

Production: The factory will produce a range of products, including LCD panels, displays, and other electronics components. While Apple is not explicitly mentioned as a customer, it's likely that Foxconn will supply components to the tech giant, given their long-standing partnership.

Timeline: Construction on the factory is expected to begin in 2020, with production starting in 2021.

Economic Impact: The new factory is expected to have a significant economic impact on the region, generating an estimated $7.5 billion in annual economic output and creating thousands of indirect jobs.

State and Local Incentives: The Wisconsin state government has offered Foxconn a package of incentives worth up to $3 billion, including tax credits and other benefits, to encourage the company to locate in the state.

This announcement is a significant win for Wisconsin and the United States, as it brings new investment and job opportunities to the region. Foxconn's decision to build a new factory in Wisconsin is also a testament to the state's business-friendly environment and the company's confidence in the region's workforce.