The White House and Apple computer supplier Foxconn are combining to announce a new plant to be built in Wisconsin with the addition of some 10,000 new jobs.
The announcement will likely be made today, according to a report by CNBC.
Along with Wisconsin Governor Scott Walker, House Speaker Paul Ryan, also from Wisconsin, will attend the unveiling.
U.S. House Speaker Paul Ryan, R-Wis., will also be present at the announcement in Washington, a source said. No exact location for the plant has been chosen — but the area of southeast Wisconsin between Milwaukee and Chicago is under consideration, according to a source.
A source said that seven states were considered for the expansion, but Wisconsin appears to be a preliminary winner, and Ohio is a contender. About 10,000 jobs could be created.
Foxconn, also known as Hon Hai Precision, is a longtime supplier to Apple Computers and makes many of the parts for its popular iPhone and other devices.
Apple itself does not seem to be part of this economic expansion between Foxconn and the president.
Still, Apple has been in talks with Trump to build a few new plants of its own.
The announcement would come on the heels of a Wall Street Journal interview with Trump, where he said he had spoken to Apple CEO Tim Cook about three U.S. factories. Apple has yet to comment on Trump’s remarks. Cook told Jim Cramer on CNBC’s “Mad Money” in May it would start a $1 billion fund to promote advanced manufacturing jobs in the United States.
Another Apple supplier, Corning, has also pledged to expand its investment in U.S. manufacturing with $500 million in additional spending.
The manufacturing jobs would be welcome. According to Reuters, manufacturing has been slowing recently.
The United States has added 70,000 manufacturing jobs since November, to nearly 12.4 million, but has not added any net factory jobs in the last two months, according to the Bureau of Labor Statistics.
Still, unemployment in the U.S. is at a 16-year low since Trump took office, The New York Times said.
The rate in May came in at 4.3 percent, the lowest in 16 years. That is what Trump has done.