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Economy

Trump reveals Hon Hai's plan to invest $30bn in US

Figure is triple the Taiwanese tech company's announced spending plan

NEW YORK -- U.S. President Donald Trump on Tuesday revealed in a meeting with business leaders that Hon Hai Precision Industry Chairman Terry Gou told him off the record that the Taiwanese gadget assembler plans to invest $30 billion in the U.S.

Trump did not give details but if his remarks are accurate, that would be triple Hon Hai's announced investment and might create more jobs in the U.S., a key part of Trump's economic agenda.

In mid-July, Hon Hai announced that it will spend $10 billion to build a liquid crystal display plant in the state of Wisconsin and create up to 13,000 jobs.

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