Foxconn Technology Group, the world's largest electronics contractor, announced on Thursday it will invest $10 billion in the next four years to build a liquid-crystal display panel manufacturing facility in Wisconsin in the United States.

The investment will be the largest new greenfield investment made by a foreign company in US history, creating 3,000 new jobs, with the potential to grow to 13,000 jobs in the state, Foxconn said in a statement.

This also signifies the start of a series of investments made by Foxconn in US manufacturing. US President Donald Trump and Terry Gou, founder and CEO of Foxconn, made the announcement during a ceremony at the White House.