Photo: Kin Cheung/AP
Major Apple supplier "Foxconn Technology Group ... pledged to invest $10 billion to build a display panel plant in [southeastern] Wisconsin that could employ up to 13,000 workers and draw up to $3 billion in subsidies from state taxpayers — a deal that could ripple through the economy and 2018 elections," per the Milwaukee Journal-Sentinel.
According to the WSJ front page:
- "The plan, announced ... at a White House ceremony, marks the first major U.S. investment for Foxconn, the world's largest contract manufacturer of electronics and the maker of iPhones and other gadgets for Apple."
- "Jared Kushner ... led discussions with Foxconn in recent months, along with Reed Cordish, assistant to the president for intragovernmental and technology initiatives."
- "The facility will be located in House Speaker Paul Ryan's district, which stretches from just south of Milwaukee to the Illinois border ... The exact location is still being determined."
- Why it matters — Trump at White House: "When this investment is complete, Foxconn has the potential to create more manufacturing jobs than we've seen in many, many decades."