TAIPEI, TAIWAN – Hon Hai plans to invest at least $3.26 billion in Taiwan, the firm reported.

Founder and chairman Terry Gou said the firm would hire 30,000 staff there and would create a town for around 240,000 people, say published reports.

As part of the plan, the global leader in contract electronics manufacturing would seek listings on Taiwan’s stock market for its overseas units. The company’s cellphone unit, Hong Kong-listed Foxconn International, previously expressed intentions to list in Taiwan.

Taiwan recently has instituted financial changes under its new government, designed to enhance the economic relationship with China and make it easier for Taiwan firms to list on the market at home.