The company, which is also known at Hon Hai Precision, said in a regulatory filing Thursday that while it was reported that that it would invest $1 billion to $3 billion in Wisconsin, "The actual investment amount would depend on local government policies."
Foxxconn added: "The investment plan is subject to the investing entities' board approval and will be conducted in compliance with related regulations."
President Donald Trump announced on Wednesday that Foxconn will build a new $10 billion factory in southeastern Wisconsin.
The new 20 million square-foot facility, which will make flat-screen displays, will be located in the congressional district of House Speaker Paul Ryan, a White House official told the AP, although declined to provide a specific location.
The plant has the potential to employ 13,000 people at an average salary of $53,875, Wisconsin Governor Scott Walker said. Walker added that the facility is slated for a 2020 opening.
"This is a great day for American workers and manufacturers and everyone who believes in the concept and the label 'Made in the USA,' " President Trump exclaimed.
The announcement comes months after Foxconn Chairman Terry Gou said his company would invest at least $7 billion in the U.S. and create between 30,000 and 50,000 jobs. Shortly after the investment was revealed, Trump touted Foxconn's U.S. expansion.
"Foxconn is going to spend a tremendous amount of money on building a massive plant," Trump said last December, "and probably more than one."
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