Vietnam has awarded a licence to a device of Taiwan’s Foxconn Technologies to build a US$270 million (A$351 million) plant to make laptops and tablets, the Vietnamese federal government reported.
The plant, to be designed by Fukang Technologies, will be positioned in the northern province of Bac Giang and will on a yearly basis make eight million models, the federal government reported in a statement on its web site.
Foxconn has so considerably invested US$one.5 billion in Vietnam and ideas to raise its expenditure by US$seven hundred million and recruit ten,000 a lot more community employees this yr, the federal government reported.
Separately, state media claimed very last week Foxconn was also wanting into investing US$one.three billion in Thanh Hoa province, one hundred sixty km (99.42 miles) south of Hanoi.
Foxconn is going some iPad and MacBook assembly to Vietnam from China at the ask for of Apple, a individual with information of the plan reported in November, as the US business diversifies manufacturing to minimise the influence of Sino-US trade tensions.
Foxconn did not immediately respond to an e mail looking for remark.