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Foxconn lured by $3bn incentive to build $10bn Wisconsin plant

Trump commends Terry Gou's 'faith and confidence' in US economy

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Foxconn Chairman Terry Gou smiles with U.S. President Donald Trump at the White House on July 26.   © Reuters

LAS VEGAS, U.S. -- U.S. President Donald Trump said on Wednesday that Taiwanese contract electronics manufacturer Hon Hai Precision Industry, also known as Foxconn Technology Group, will build a large liquid crystal display panel plant in the state of Wisconsin for $10 billion.

The investment will create over 3,000 jobs and eventually lead to the employment of 13,000 people, the president said.

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