Foxconn steers clear of Trump's $30 billion investment claim


President Donald Trump said Tuesday that he was told "off the record" by Foxconn chairman Terry Gou that the company plans to spend $30 billion on a new US plant - which would be three times the amount of money the company has previously pledged.

"They're going to spend $10 billion".

"He told me off the record he thinks he may go $30 billion".

Foxconn Chairman Terry Gou is considering tripling his USA investment budget to $30 billion, President Donald Trump said while outlining "off-record" remarks made by the billionaire founder of Apple Inc.'s biggest manufacturing partner.

Walker, after meeting with Senate Republicans, said there is a "potential for a few tweaks here and there but I don't think there will be major changes" to the proposal. He told me off the record he thinks he may go $30 billion, $30 billion.

It's unclear whether Trump was referring to Gou's plans for the display plant, for the country in general, or if it encompassed investments in other types of manufacturing.

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That's three times as much as what it had promised last week.

Foxconn's plan to invest $10 billion in its USA manufacturing operations has reportedly ballooned.

Republicans who control the Legislature are split on how quickly to pass the bill, with state Senate Majority Leader Scott Fitzgerald saying there are too many unanswered questions about the tax breaks that must be addressed before a vote.

Critics of the deal have questioned whether Foxconn would come close to even those lofty investment and employment targets, noting that it's promised to build other plants in the USA around the world and not followed through. Other states that Foxconn said it was looking at were Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas.

A private special session is taking place amongst Wisconsin lawmakers to discuss the bill, with a public hearing scheduled for Thursday.