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Donald Trump's Foxconn Coup

Foxconn Technology attempts to manage expectations about its U.S. investment

Apple (AAPL) - Get Apple Inc. Report  iPhone-maker Foxconn Technology Co. (FXCOF)  Thursday attempted to manage expectations about its U.S. investment just hours after appearing at the White House with President Donald Trump.

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."

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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.

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