Foxconn will move forward with the construction of its Wisconsin facility after talks with White House, the company said in a statement Friday.
Foxconn didn't clarify what sorts of jobs would be housed in the $10 billion plant. Earlier this week, CEO Terry Gou told Reuters the company would offer mostly researcher and engineering jobs in Wisconsin, not the blue-collar manufacturing jobs that were originally promised.
Here's the statement from Foxconn:
After productive discussions between the White House and the company, and after a personal conversation between President Donald J. Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab facility, which will be at the heart of the Wisconn Valley Science and Technology Park. This campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region.
Our decision is also based on a recent comprehensive and systematic evaluation to help determine the best fit for our Wisconsin project among TFT technologies. We have undertaken the evaluation while simultaneously seeking to broaden our investment across Wisconsin far beyond our original plans to ensure the company, our workforce, the local community, and the state of Wisconsin will be positioned for long-term success.
We look forward to continuing to expand our investment in American talent in Wisconsin and the US.
—CNBC's Ryan Ruggiero contributed to this report.
This story is developing. Please check back for updates.
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