Trump Reveals 'Off the Record' Foxconn Plans To Spend $30B

Trump Reveals 'Off the Record' Foxconn Plans To Spend $30B

And despite a suggestion from Assembly Speaker Robin Vos, R-Rochester, on Tuesday that the Foxconn deal would have "almost zero" impact on the next state spending plan, questions surfaced from Democrats and Senate Republicans about whether more vetting was needed.

Gou previously said that Foxconn was considering locating in seven states before Trump announced last week that a massive liquid crystal display monitors plant would be going to Wisconsin.

News 3 also recently reported the Foxconn chairman visited the UW Carbone Cancer Center to discuss the potential for collaboration.

Foxconn confirmed a $10bn investment into a display panel plant in Wisconsin last week that could result in as many as 13,000 new jobs.

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Thursday's hearing came just six days after the bill was introduced.

"Why do we have to be held ransom for $3 billion?" asked Democratic Rep. Amanda Stuck, of Appleton.

"It seems to me that the burden of proof should be on the state to show that the project is transformational enough to justify a very high cost per job-year", said Bartik, who also questioned whether numerous workers could end up commuting from IL. He deferred to Gov. Scott Walker on the company's exact plans. "Think of this. He may go 30-billion-dollar investment, but he told me that off the record so I promised I wouldn't tell anyone", he said to laughs from the audience. Gou said the project would "transform the American electronics industry".

"They're going to spend US$10 billion, but he is one of the great businessmen of our time and I think the number is going to be US$30 billion", Trump said.

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It's new plant will be in the U.S. state of Wisconsin.

The committee on jobs and the economy planned to vote on Tuesday to advance the bill to the full Assembly, which is expected to pass it as soon as August 14. It's best known for making iPhones and other Apple devices but its long list of customers includes Sony Corp., Dell Inc. and BlackBerry Ltd. In addition to the primary plant in southeastern Wisconsin, Foxconn is also eyeing a location in or near to Madison for a possible secondary site.

Foxconn wants to "tap into our intellectual talent in Madison and Milwaukee", Ryan said.

No offers have yet been made by the Taiwanese company and there are no guarantees any will be.

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Soglin, who is mulling a run for governor, warned that the city would not get into a "race to the bottom" in incentives.

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