"Why do it here? TV Was invented in America, yet America doesn't have a single LCD factory to produce a complete AK system. We are going to change that."
3. Cutaway of Gou
4. SOUNDBITE (English) Terry Gou, CEO of Foxconn:
"Governor Walker, I'd like to thank you and your leadership teams. I also would like to thank you Mr. Jared Kushner and the White House Office of American Innovation for your hard work to make this investment a reality."
5. Wide of Donald Trump at podium
6. SOUNDBITE (English) President Donald Trump:
"This is a great day for American workers and manufacturing and for everyone who believes in the concept and the label 'Made in the USA'. Today I'm pleased to announce that Foxconn, a world leader in manufacturing for computers, communications and consumer electronics -- one of the truly great companies of the world will build a state of the art manufacturing facility for the production of LCD panel products in Wisconsin. Investing many, many billions of dollars right here in America and creating thousands of jobs and I mean American jobs - that's what we want."
7. Cutaway of Donald Trump
8. SOUNDBITE (English) Gov. Scott Walker, (R) Wisconsin:
"This is a great day for America. It is a great day for Wisconsin, and it is a great day for Foxconn. Today, we're announcing the single largest economic development project in the history of the state of Wisconsin, and one of the largest in the history of this country. In fact - I'm going to go back and verify this - but this is going to be the largest greenfield-based company investment from a foreign-based company in US history as measured by jobs. So, this is literally, number one, so thank you, Terry."
President Donald Trump is announcing that electronics giant Foxconn plans to build a $10 billion factory in Wisconsin that will employ 3,000 workers and produce the liquid-crystal display panels used in televisions and computer screens.
Wisconsin offered $3 billion in economic incentives over 15 years.
The Trump administration heralded the announcement Wednesday about the Taiwan-based company as a victory in its campaign to bring high-paying manufacturing jobs back to the United States.
Foxconn is perhaps best known for assembling Apple iPhones in China.
Seven states had competed for the Foxconn plant. Other states vying for the plant were Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas.
The administration said it did not help steer Foxconn to Wisconsin in what would appear to be a victory for both Trump and the state's Republican governor, Scott Walker, who is up for re-election next year.