President: Foxconn May Exceed Investment Promise

(AP)–President Donald Trump says electronics manufacturer Foxconn may end up making a $30 billion investment, triple what it’s agreed to do in Wisconsin. Trump made the comment Tuesday during a meeting with small business leaders at the White House. Trump says Foxconn CEO Terry Gou told him “off the record” that the Taiwanese company may end up investing $30 billion. He did not specify if that would be only in Wisconsin or throughout the country. Foxconn did not immediately return an email seeking comment. Gou and Wisconsin Gov. Scott Walker signed an agreement Thursday for the company to invest $10 billion in the state and hire up to 13,000 people in return for $3 billion in tax breaks.

RELATED CONTENT

Pence to participate in Milwaukee forum to tout tax overhaul Wisconsin unemployment remains at record-low 2.9 percent WLIP K-Town Report Podcast 4/19/18 Sergeant charged with felony for releasing records WLIP Voice of Lake County 4/19/18 Smoke Detector Saves Kenosha Family
Comments