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, Vice-President 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.
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