News of a $26 million investment in Foxconn’s Lordstown facility was welcomed locally.

However, the Taiwanese company has not officially announced the investment.

Last week, TaiwanPlus broadcast a news conference featuring Hon Hai Technology Group CEO Young Liu, who was discussing the effect of potential U.S. tariffs. During Liu’s comments, the announcer noted Foxconn’s funding plans.

“The tariff impact on us is relatively small,” Liu said in translated remarks. “Right now, no one knows what the final amount of tariffs will be. That’s the biggest problem, the uncertainty.”

TaiwanPlus provides English-language news and entertainment on multiple media platforms from Taiwan.

The Youngstown / Warren Regional Chamber said it hoped the funding would materialize.

“We certainly welcome any sort of additional investment from Foxconn, which has already invested a half billion dollars into the Lordstown facility since acquiring it in 2022, and we continue to have high expectations for Foxconn to return the plant to its automaking glory,” said Guy Coviello, the Chamber’s president and CEO.

“The news report that the company plans to invest $26 million into electric vehicle operations in Ohio is a sign of good things to come.”

Foxconn is the second owner of the former General Motors plant. It obtained the facility from the now-defunct Lordstown Motors Corp.

A request to Foxconn’s media representative for comment was unsuccessful.