Foxconn to set up $10-bn manufacturing unit in US to create 3k jobs: Trump
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, VicePresident 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. READ MORE
ARTICLE SOURCE – BUSINESS STANDARD