Enlarge / House Speaker Paul Ryan of Wisconsin, greets Terry Gou, president and chief executive officer of Foxconn, before President Donald Trump announces the first US assembly plant for electronics giant Foxconn, in the East Room of the White House on Wednesday, July 26, 2017. (credit: Photo by Jabin Botsford/The Washington Post via Getty Images)
The Wisconsin Assembly voted 59-30 on Thursday to approve a bill to give incentives worth $3 billion to Taiwan-based Foxconn so that the company would open its first US plant in the state.
Foxconn, best known for supplying parts of Apple’s iPhones, will open the $10 billion liquid-crystal display plant in 2020, according to Reuters.

The bill still has to be approved by a joint finance committee and the state Senate.
Both houses of Wisconsin’s legislature are controlled by Republicans, and the deal is supported by Wisconsin Governor Scott Walker, a Republican who negotiated the deal.
Read 11 remaining paragraphs

Leave a Reply