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Apple Supplier Foxconn To Invest $300 Million In Vietnam Facility, Expand Production Outside China | News89.com

Source: news89.com news89.com
News Snapshot:

Days after news reports indicated that Apple Inc AAPL is in talks to make Watches and MacBooks in Vietnam for the first time, its Taiwanese supplier Foxconn has reportedly signed a memorandum to expand its facility in the north of the country. What Happened: Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City as it looks to diversify and boost production outside China, according to a Reuters report, citing state media. The report noted that the new factory, spread over 50.5 hectares (125 acres) in Bac Giang province, would generate 30,000 local jobs. See…

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