Taiwanese technology company Foxconn (FXCOF) , which makes iPhones for Apple Inc. (AAPL) - Get Report , is said to be opening a multibillion dollar research and development plant in Michigan, the South China Morning Post reported.
The plant will focus on autonomous vehicles, Foxconn founder Terry Gou said. "Automotive development in the U.S. is still more advanced than China," Gou noted. The company will also explore opportunities in artificial intelligence and deep learning technology.
News of a possible Michigan plant for the world's largest contract manufacturer of consumer electronics broke almost two weeks after Foxconn said it was opening a $10 billion plant in Wisconsin that could create up to 13,000 jobs.
Both Michigan and Wisconsin were major wins for the Trump campaign as the formerly blue states turned red, hoping the president's promise to protect manufacturing jobs would come to fruition and ease economic anxiety.
Foxconn released a statement Monday and would not confirm the Michigan plans. The company said it's considering Michigan, but details are expected only after Foxconn completes negotiations and receives approval from its board of directors and relevant authorities.
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