President Donald Trump will announce Wednesday that Foxconn Technology Group plans a new factory in Wisconsin, fulfilling the Taiwanese manufacturing giant's promise to invest in the U.S.
The factory will open in the home district of House Speaker Paul Ryan, a Wisconsin Republican, who personally lobbied Trump and White House chief of staff Reince Priebus to help secure the plant. It's expected to employ about 3,000 people at first and, after an initial $10 billion investment, the facility is scheduled to expand over a 2 1/2-year period, according to a person familiar with the plans who requested anonymity to discuss the announcement before it was made.
Foxconn chairman Terry Gou plans to join Trump, Ryan, Wisconsin Governor Scott Walker, and Vice President Mike Pence at the White House to make the announcement.
The company has said it hopes to increase its investment in U.S. manufacturing, with a focus on building flat-panel screens. Economic development officials from Illinois, Indiana, Michigan, Ohio, Pennsylvania, Texas, and Wisconsin have all vied for Foxconn's attention.
Priebus had previously hinted that Wisconsin could be the winner of the multistate competition for the new factory from Foxconn, best known for its role assembling Apple's iPhones. The chief of staff said in an interview with Milwaukee radio station WTMJ, said Trump had noticed vacant land during an April visit to Kenosha County.
"He said, 'That land should be used.' So when Foxconn came into the White House, into the Oval Office, the president said, 'I know a good spot that you should go to, that place in Kenosha,'" Priebus said.
And Trump, in an interview Tuesday with the Wall Street Journal, said Foxconn was strongly considering putting the plant in Wisconsin. He predicted that workers from rust belt states like New York would move to states like Wisconsin that were adding manufacturing jobs.
"I'm going to start explaining to people: When you have an area that just isn't working like upper New York state, where people are getting very badly hurt, and then you'll have another area 500 miles away where you can't get people, I'm going to explain, you can leave," he said. "It's OK. Don't worry about your house."