(File photo)

A $10-billion investment plan in the U.S. state of Wisconsin may just be the beginning for Terry Gou, CEO of the multinational electronics contract manufacturer Foxconn known for its cooperation for Apple Inc.

At a press conference on Aug. 5, Gou said Foxconn intends to introduce precision molds and automatic equipment into the state of Michigan, but stopped short of announcing the possibility of a manufacturing site there. However, a research and development center for driverless technology and connected vehicles is part of the company’s plan in Michigan.

The announcement came weeks after the neighboring state of Wisconsin unveiled Foxconn’s $10-billion investment site for the production of liquid crystal display (LCD) by 2020.

Gou also revealed his interest in investing in central and western states, where the country’s traditional manufacturing industry is concentrated, boasting a strong tradition of manufacturing and good technology.

Land in the U.S. is not necessarily more expensive than in China, but labor is more expensive. So, Foxconn is focused more on the quality than the quantity of human power, Gou told reporters at the conference, adding that further investment in China would not be discouraged by the company’s U.S. plans.

Meanwhile, U.S. President Donald Trump said at a White House event that Foxconn’s investment has tripled to $30 billion. Gou refused to comment on the figure, but insisted that he focused more on technology exchange.