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Foxconn Technology Group, the world’s largest contract manufacturer of consumer electronics, said it’s planning a multibillion dollar investment in the US state of Michigan, a week after announcing a US$10 billion plant in Wisconsin, giving a shot in the arm to Donald Trump’s election pledge to lure investments and create jobs for Americans. The new plant will be engaged in the research, development and production of components and vehicles that can drive autonomously, said Terry Gou, founder of the Taiwanese company, on Saturday in Shenzhen. “Automotive development in the US is still more advanced than China,” said Gou, declining to...

If everything goes according to plan, the joint efforts of Wisconsin’s Republican revolution and the Trump administration are about to pay off in a deal of historic dimensions. Foxconn Technology Group, a Taiwanese multi-national corporation which is the world’s largest contract electronics firm, has agreed to make a $10B investment in a new, state-of-the-art production facility in southeastern Wisconsin. The plant’s purpose will be to manufacture active matrix liquid crystal displays (AMLCDs) for use in assembling computers, televisions, iPhones, medical equipment, aircraft and automotive displays, and the like (Foxconn holds the contract to assemble iPhones for Apple). The proposed manufacturing...

Foxconn Technology Group on Wednesday pledged to invest $10 billion to build a display panel plant in Wisconsin that could employ up to 13,000 workers and draw up to $3 billion in subsidies from state taxpayers — a deal that could ripple through the economy and 2018 elections.

President Donald Trump is set to make a big jobs announcement Wednesday afternoon at the White House. He's expected to appear with Foxconn CEO Terry Gou to announce a new factory in Wisconsin that will make liquid-crystal displays, or the screens that eventually get turned into flat-screen TVs, according to reports from The Associated Press, CNBC, and Bloomberg. Foxconn is best known as Apple's primary manufacturing partner, and it assembles products like the iPhone. Apple spent $75 billion with Foxconn in 2016. Foxconn does most of its manufacturing in Asia, though it has facilities in Brazil, India, and other countries....