Taiwan-based Foxconn Technology Group, the world’s largest contract manufacturer of consumer electronics, is reportedly planning a multibillion dollar investment in Michigan.
The investment, first reported by the South China Morning Post, comes a week after the electronics giant announced a $10 billion plant in Wisconsin.
The new investment will focus on automated vehicle technology, according to Foxconn founder Terry Gou.
The news comes as Michigan Republican Gov. Rick Snyder continues a nine-day trade mission in China. Snyder met with Chairman Gou and visited Foxconn in Shenzhen, according to his office.
“They had a great visit and very productive dialogue, but we don’t have any official announcements to make at this time,” Snyder spokesperson Anna Heaton said.
President Donald Trump welcomed Foxconn executives to the White House July 26, where he announced a technology and manufacturing initiative.
During the meeting, Trump praised Foxconn for investing in the U.S.
“Foxconn joins a growing list of industry leaders who understand that America’s capabilities are limitless and that America’s workers are unmatched, and that America’s most prosperous days are just ahead,” the president said alongside Gou at the time.
Foxconn’s decision to build a $10 billion plant in Wisconsin, where they will make liquid crystal displays (LCD televisions), was a disappointment to people in Michigan hoping to lure the electronics giant to the state. Reports that the company is going to come to Michigan to invest billions in its autonomous vehicle technology is welcome news.
Read more: http://dailycaller.com/2017/08/06/taiwan-based-foxconn-to-invest-billions-in-michigan/
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact firstname.lastname@example.org.