United States (US) President Donald Trump has said that Taiwanese tech giant Foxconn will setup a manufacturing unit in Wisconsin with an investment of $10 billion, which will create over 3,000 jobs for Americans.
The company is the largest manufacturer of iPhones for Apple.
“I’m pleased to announce that Foxconn, a world leader in manufacturing for computers, communications and consumer electronics… 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,” Trump told reporters at the White House on Wednesday.
He was accompanied by Foxconn Chairman Terry Gou, Vice-President Mike Pence and House Speaker Paul Ryan.
He called Gou “one of the great businessmen anywhere in the world”.
“I would see Terry, and I would say Terry, you have to give us one of these massive places you do great work with,” he added.
The president said that Foxconn’s initial investment of more than $10 billion will create 3,000 jobs at a minimum, with the potential for up to 13,000 jobs in the very near future.