Foxconn steers clear of Trump’s $30 billion investment claim

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https://apnews.com/3611d01e1121477b80198e40dd61427f/Foxconn-steers-clear-of-Trump-$30-billion-claim

 

MADISON, Wis. (AP) — Foxconn Technology Group is not saying whether it plans to invest $30 billion in the United States, as President Donald Trump claimed the company’s leader told him “off the record.”

Trump announced to a group of small business leaders at the White House on Tuesday that Foxconn CEO Terry Gou told him privately that the Taiwanese electronics manufacturer was going to invest $30 billion in the U.S. The company signed a deal with Wisconsin last week to build a $10 billion display panel manufacturing plant and Trump did not specify where the additional spending would be.

Foxconn reiterated in a statement Wednesday that the Wisconsin plant “will be the first of a series of facilities we will be building in several states.” It did not address Trump’s statement about the total investment amount or Trump’s claims that Gou told it to him in confidence.

“We have not yet announced our investment plans for other sites,” Foxconn said in the statement. “We will provide an update as soon as we have finalized those plans.”

Gou previously said that Foxconn was considering locating in seven states before Trump announced last week that a massive liquid crystal display monitors plant would be going to Wisconsin. Other states that Foxconn said it was looking at were Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas.

Foxconn is the world’s largest contract maker of electronics, with factories across mainland China. 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