On August 2nd, CNBC reported that during a local event in the United States, U.S. President Donald Trump mentioned that Foxconn Chairman Terry Gou had privately informed him about the company's plan to invest an additional $30 billion in the U.S., which would triple its earlier commitments. This announcement came as part of a smaller gathering at the White House where Trump shared the news during a subsequent press conference. He humorously noted, “He (Terry Gou) told me he might invest $30 billion... but this is something he told me in private, so I promised not to share it with anyone.â€
Foxconn had previously announced last week that it would invest $10 billion to construct a state-of-the-art facility in Wisconsin, creating around 3,000 jobs in the process. Additionally, discussions are ongoing regarding the establishment of another even larger production site. Known for manufacturing Apple iPhones and various consumer electronics, Foxconn may soon begin producing screens for automobiles, healthcare equipment, and other devices within its American facilities. When contacted by CNBC for further comments, a representative from Foxconn did not respond.
This latest investment move by Foxconn aligns with broader efforts by tech giants to expand their presence in the U.S., driven partly by favorable tax incentives and the growing demand for advanced manufacturing capabilities. While these developments hold significant potential benefits for the American economy, some experts remain cautious, pointing out that actual job creation numbers could vary based on several factors including automation levels and market conditions. Meanwhile, the ongoing negotiations over additional sites suggest that Foxconn continues to explore opportunities across different regions within the country, aiming to maximize its strategic advantage while contributing to local economies.
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