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Foxconn says Wisconsin plan first of series of US investments

Taiwanese electronics maker reiterates broader plans, but avoids $30bn figure

TAIPEI -- Taiwanese contract manufacturing giant Hon Hai Precision Industry, known as Foxconn, has suggested that its plan to build a liquid crystal display factory in Wisconsin will be followed by more investment deals in the U.S.

The Wisconsin factory "will be the first of a series of facilities we will be building in several states," Foxconn said in a statement on Wednesday.

Last week, Foxconn CEO Terry Gou and U.S. President Donald Trump announced from the White House that the key iPhone assembler planned to invest $10 billion in a cutting-edge LCD panel plant in Wisconsin.

Trump told a gathering of business leaders on Tuesday that Gou "told me off the record" that the Taiwanese company may invest $30 billion in the U.S. But in the latest statement, Foxconn did not address the figure.

Foxconn is apparently eyeing six candidate states as part of a "robust electronics ecosystem" it will create in the U.S. The company said it would announce further investment plans promptly as they are decided.

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