Trump Says Foxconn Could Triple Investment to $30 Billion
- President said Foxconn chairman told him the number privately
- Foxconn says it’s still finalizing its U.S. investment plans
Trump Announces Foxconn's Plan to Open U.S. Factory
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Foxconn Chairman Terry Gou is considering tripling his U.S. investment budget to $30 billion, President Donald Trump said while outlining “off-record” remarks made by the billionaire founder of Apple Inc.’s biggest manufacturing partner.
Foxconn Technology Group, the main assembler of the iPhone, unveiled last week plans to build a $10 billion display plant in Wisconsin, hiring as many as 13,000 people for a project Trump touted as a victory for his “America First” effort to brings jobs back to the U.S. That was just the beginning, the president told small-business leaders during a gathering at the White House Tuesday.