Foxconn announces 10 billion dollar plant in Wisconsin

Foxconn Technology Group announced at the White House Wednesday its plans to invest $10 billion to build a massive display panel plant in Wisconsin that could employ up to 13,000 workers but would require up to $3 billion in subsidies from state taxpayers.

“America does not have a single LCD plant to produce a complicated system. We are going to change that," Foxconn chairman Terry Gou said at a news conference. "It starts today with this investment in Wisconsin."

Read the entire story HERE.

You can watch entire announcement in the player above.