Apple-supplier Foxconn will announce a plant in Wisconsin on Wednesday evening, accompanied by President Donald Trump, and Wisconsin Governor Scott Walker, a source with knowledge of the announcement told CNBC.
U.S. House Speaker Paul Ryan (R-WI) will also be present at the Wednesday evening announcement, a source said. No exact location for plant has been chosen – but southeast Wisconsin under consideration, according to a source.
The Wall Street Journal reported that Foxconn may be eyeing a new U.S. plants for display panels.
Foxconn is also known as Hon Hai Precision, a long-time supplier to Apple and other electronics companies that has come under scrutiny in the past over labor practices in China. It is unclear if Apple is involved in Wednesday’s announcement.
The announcement would come on the heels of an interview with Trump, where he said he had spoken to Apple CEO about 3 U.S. factories. Apple has yet to comment on Trump’s remarks. Apple told CNBC’s “Mad Money” in May it would start a $1 billion fund to promote advanced manufacturing jobs in the United States.
With its wide network of developers, Apple has already created two million jobs in the United States, according to Cook. Apple supplier Corning told CNBC last week that it would “immediately” invest $500 million and create 1,000 new jobs in the United States, but those jobs were related to medical devices.
This is breaking news. Please check back for updates.
— Reporting by CNBC’s Scott Cohn