President Trump will announce a new manufacturing initiative with electronics manufacturer Foxconn on Wednesday afternoon, according to the White House.
“Today, President Trump and the Office of American Innovation are hosting Foxconn, a world leader in manufacturing for computers, communications, and consumer electronics, at the White House for a technology manufacturing imitative announcement that will bring jobs and billions of dollars in investments to our country,” a White House spokesman said.
CNBC reported that Foxconn will reveal plans for a new manufacturing plant in Wisconsin. The network added that Wisconsin Gov. Scott Walker (R) and Speaker Paul RyanPaul RyanOvernight Tech: Trump touts new Wisconsin electronics plant | Lawmakers to unveil email privacy bill | Facebook funds group fighting election hacks Overnight Finance: Fed holds rates steady | Treasury chief looking at online sales taxes | White House, GOP close to releasing tax-reform principles Wisconsin Democrat refuses to be ‘backdrop’ in Trump’s jobs announcement MORE (R-Wis.) will join Trump for the announcement.
Foxconn is one of the biggest manufacturers of Apple products such as iPhones.
Trump told The Wall Street Journal on Tuesday that Apple CEO Tim Cook promised him that the company would create three new manufacturing plants in the U.S. — a claim that the company declined to confirm.
It’s unclear if Apple is involved in Foxconn’s announcement.
Jordan Fabian contributed.