Trump says Foxconn could triple investment to RM128.6b

WASHINGTON • Foxconn Technology Group chairman Terry Gou is considering tripling his US investment budget to US$30 billion (RM128.56 billion), US President Donald Trump said while outlining “off-record” remarks made by the billionaire founder of Apple Inc’s biggest manufacturing partner.

Foxconn, the main assembler of the iPhone, unveiled last week plans to build a US$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 bring jobs back to the US. That was just the beginning, the president told small-business leaders during a gathering at the White House on Tuesday.

“They’re going to spend US$10 billion. But he is one of the great businessmen of our time,” Trump said. “And I think the number is going to be US$30 billion.”

“Our investment in Wisconsin will be the first of a series of facilities we will be building in several states as part of a robust electronics ecosystem we will be creating in the US,” Foxconn said in an emailed statement. “We have not yet announced our investment plans for other sites. We will provide an update as soon as we have finalised those plans.” — Bloomberg