Foxconn could triple $10bn investment in U.S. facilities, according to Trump

Foxconn could triple $10bn investment in U.S. facilities, according to Trump

"Foxconn is going to spend $10 billion in Wisconsin and other places".

"He told me off the record he thinks he may go $30 billion".

Gou in June said that Hon Hai's U.S. investment might eventually exceed US$10 billion.

Foxconn Chairman Terry Gou is considering tripling his United States investment budget to US$30 billion (S$40.85 billion), President Donald Trump said while outlining "off-record" remarks made by the billionaire founder of Apple Inc's biggest manufacturing partner. However, the Taiwanese electronics giant has refused to say whether that claim is true. It did not discuss Trump's statement about the total investment amount or Trump's claims that Gou told it to him in confidence.

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Wisconsin Governor Scott Walker suggested Tuesday that Hon Hai is likely to commit to other investment projects in the state, according to another USA media report. "We will provide an update as soon as we have finalised those plans". Walker said he does not anticipate there will be "major changes" to a bill that would extend $3 billion in taxpayer incentives to lure electronics manufacturer Foxconn to build a factory in the state.

Wisconsin's top economic development official Mark Hogan said Wisconsin had to be competitive with other states also trying to land the plant. Currently, Foxconn has factories outside of China in a handful of counties, but this will be the first in North America. 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.

Foxconn hopes to open the plant by 2020 with 3,000 workers that could grow to 13,000 over six years.

The company is considering a second site in Dane County to gain access to a hub of advanced technology knowledge in Madison, according to separate reports in the Milwaukee Journal Sentinel and the Wisconsin State Journal.

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