$7b flat-screen investment in US confirmed

The head of tech giant Foxconn Technology Group confirmed on Sunday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan's SoftBank Corp.

US President Donald Trump had announced before taking office a $50 billion deal with SoftBank, which he said would generate 50,000 jobs.

Trump was speaking last month alongside SoftBank's Chief Executive Masayoshi Son, who displayed a document which indicated Softbank and Foxconn would "commit to invest $50bn + $7bn in the US, generate 50k + 50k new jobs in next four years".