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Foxconn Likely To Announce Wisconsin Deal This Week

Ohio, Pennsylvania, Illinois, Indiana and Texas also appear to be in the mix for some sort of investment from Foxconn, which bought Japanese electronics brand Sharp previous year.President Donald Trump plans to make a jobs announcement in Washington as anticipation builds in Wisconsin he will confirm that electronics giant Foxconn intends to open a massive factory in the state.In fact previous year it was revealed that Foxconn could be considering expanding to the USA, and a new report from The Wall Street Journal (via AppleInsider) has suggested that this expansion could be announced as soon as this week.The Taiwanese company, which manufactures parts for Apple Inc (AAPL), will likely build display panels for televisions in a Wisconsin plant. The taxpayer-funded package could exceed $1 billion in Wisconsin, the Milwaukee Journal-Sentinel reported this week.Senate Majority Leader Scott Fitzgerald said the administration was working on a Memorandum of Understanding of incentives to try and draw the company.”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.Gov. Scott Walker says no real proposal is on the table to lure Foxconn to the southeast Wisconsin in a big expansion. Vos said he had no details about the possible Foxconn deal.The company assembles iPhones for Apple, and could reportedly create thousands of new jobs at its new manufacturing facility.Trump’s announcement is set for late Wednesday afternoon at the White House.Democrats who are in the minority in the Legislature have been kept in the dark, said two members of the budget-writing committee.Still unknown as of Tuesday: What kind of tax incentives the state is willing to offer Foxconn.