Taiwanese manufacturing giant Foxconn has announced plans to invest 10 billion dollars in a new factory in the US.

The plant, to be located in Wisconsin, is expected to make LCD panels and employ 3,000 people initially.

The firm’s chief executive, Terry Gou, who made the announcement at the white house in Washington did not give details of when construction would begin or identify where the site would be precisely.

President Donald Trump, claimed credit for Foxconn’s incredible investment which he said would not have happened if he had not been elected.

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