Ap­ple sup­plier Fox­conn to in­vest $10 bn in Wis­con­sin

The Myanmar Times - Weekend - - World -

PRES­I­DENT Don­ald Trump on Wed­nes­day un­veiled a $10 bil­lion US in­vest­ment by Ap­ple sup­plier Fox­conn to build a plant in Wis­con­sin.

The busi­ness­man-turned-pres­i­dent made the an­nounce­ment side by side with the Tai­wanese tech gi­ant’s CEO Terry Gou, as he tried to show his “Amer­ica First” eco­nomic rhetoric is mak­ing a dif­fer­ence.

Trump said the plant – which will make LCD pan­els – will cre­ate at least 3,000 jobs in the mid­west­ern state, and was quick to stress he played a role in mak­ing the deal hap­pen.

“If I didn’t get elected, he would not be spend­ing $10 bil­lion,” Trump said, thank­ing Gou for his “faith and con­fi­dence in the fu­ture of the Amer­i­can econ­omy.”

Fox­conn said the plant could even­tu­ally bring more than 13,000 new jobs to Wis­con­sin, with Gou adding it was the first in a series of fa­cil­i­ties the com­pany would build in sev­eral US states.

“Wis­con­sin of­fers a tal­ented, hard-work­ing work­force, and a long track record in ad­vanced man­u­fac­tur­ing, all of which presents an ex­tra­or­di­nary op­por­tu­nity,” the Tai­wanese ty­coon said in a state­ment.

Man­u­fac­tur­ing in the US would al­low the com­pany to bet­ter serve its cus­tomers, which in­cluded “iconic” Amer­i­can tech­nol­ogy com­pa­nies, Gou added.

Trump al­lies said Gou had spot­ted an aban­doned fac­tory and sug­gested it be used, and Trump per­son­ally met Gou in April to push the deal for­ward.

Trump has made re­turn­ing man­u­fac­tur­ing jobs to Amer­ica’s heart­land a key plank of his do­mes­tic pol­icy.

The in­vest­ment is a dou­ble win for Trump, bur­nish­ing his rep­u­ta­tion as a job cre­ator and putting those jobs in a key bat­tle­ground state, which he won in 2016 by a sin­gle per­cent­age point.

It is also a vic­tory for top Con­gres­sional Repub­li­can Paul Ryan, as the mas­sive in­vest­ment in his home state is tan­gi­ble ev­i­dence that dif­fi­cult re­la­tions with Trump do not pre­clude re­sults.

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