Donald Trump says Foxconn could triple investment to US$30 billion

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Apple's biggest manufacturing partner Foxconn could be set to triple its investment in the USA to $30bn according to President Donald Trump who made informal comments about the current deal.

The trip announcement comes a week after Taiwanese electronics manufacturer Foxconn said it plans to invest billions of dollars and bring thousands of jobs to Wisconsin.

The deal, which Wisconsin leaders and President Donald Trump have heralded as transformational for the state and national economy, requires the state to approve $3 billion in tax breaks tied to Foxconn hiring and spending as promised. "We will provide an update as soon as we have finalised those plans".

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

The investment could be separate from a massive flat screen plant that Foxconn Technology Group, the trade name for Hon Hai, has already committed to building in southeastern Wisconsin, according to the report.

Sources said that this agreement with Foxconn has given Wisconsin a leg up in competing for other investments from the company, such as the potential one in Dane County.

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The Republicans who control the Legislature are split on how quickly to pass the bill.

The plant is expected to create as many as 13,000 jobs. Some Democrats and others have questioned whether the incentives are too much, while also raising concerns about the proposed waiving of state environmental permit requirements and other regulations to speed up construction.

"They're going to spend US$10 billion, but he is one of the great businessmen of our time and I think the number is going to be US$30 billion", Trump said.

"We've got to be very real about what this actually means for Wisconsin taxpayers", Pocan said.

Foxconn is best known for making iPhones and other Apple devices but its long list of customers includes Sony Corp., Dell Inc. and BlackBerry Ltd.

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