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 could invest as much as $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.”
The company may be looking at a separate Wisconsin site in Dane County, The Milwaukee Journal Sentinel reported Wednesday , citing multiple sources it did not identify. The paper said no offers have been exchanged and there were no guarantees any would be, but there could be developments in the next two months.