Foxconn to build $10B tech plant in Wisconsin: 4 things to know

Taiwan-based Foxconn Technology Group, the electronics supplier for Apple known formally as Hon Hai Precision Industry Co., will build a $10 billion plant in Wisconsin — its first in the U.S. — President Donald Trump said at a White House ceremony Wednesday, reports the Wisconsin State Journal.

Here are four things to know.

1. The plant is expected to open in 2020.

2. The plant will build liquid-crystal display panels, which might be used for entertainment, healthcare or automotive uses. However, the company has not yet specified what the plant will focus on.

3. The plant will be part of a 20 million-square-foot campus located on 1,000 acres of land in the southeastern part of the state, according to House Speaker Paul Ryan, R-Wis.

4. The Wisconsin facility is expected to employ 3,000 people initially and eventually expand to up to 13,000 workers.

Construction of the plant could also draw 10,000 jobs over the next four years, and Gov. Scott Walker's, R-Wis., office predicted it could created about 22,000 "indirect and induced jobs" throughout the state, according to the Wisconsin State Journal.

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