Foxconn to spend up to $10 billion on new Chengdu, China plant

Apple Online Store“Taiwan’s Foxconn Technology Group, whose units include Hon Hai and Foxconn International, will build a new plant in the Chinese city of Chengdu, company and government sources said on Friday,” Zhou Xin and Kelvin Soh report for Reuters.

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“A key supplier to top technology brands such as Hewlett-Packard and Apple, Foxconn could invest as much as $10 billion in the plant, said one source, but did not specify an investment timeframe,” Xin and Soh report. “The factory will initially employ at least 20,000 workers, with half of those already having received training in Foxconn’s existing hub in the southern city of Shenzhen, the source added.”

Xin and Soh report, “Foxconn is expanding away from Shenzhen, which is in the Pearl River Delta area, to where wages are lower and workers more plentiful.”

Read more in the full article here.

48 Comments

  1. It really is too bad that such a plant can’t be located in the US given the dearth of jobs.

    I wonder how much more the iWants would cost if they were actually made here at home. Would we be willing to pay more? Would Apple be willing to sacrifice some margin for the good will such a move would bring?

  2. It really is too bad that such a plant can’t be located in the US given the dearth of jobs.

    I wonder how much more the iWants would cost if they were actually made here at home. Would we be willing to pay more? Would Apple be willing to sacrifice some margin for the good will such a move would bring?

  3. silverhawk, if California wanted Apple to expand and invest there, they would stop taxing, zoning, challenging, browning out electrical power, limiting water supply, …

    Do you understand why Apple had to build their BILLION DOLLAR SERVER FARM in Maiden, North Carolina? Steve also needed to leave California when he was dyeing and needed a liver transplant.

  4. silverhawk, if California wanted Apple to expand and invest there, they would stop taxing, zoning, challenging, browning out electrical power, limiting water supply, …

    Do you understand why Apple had to build their BILLION DOLLAR SERVER FARM in Maiden, North Carolina? Steve also needed to leave California when he was dyeing and needed a liver transplant.

  5. Amen Mark S.

    It is a shame so many in the investor class can see only their own greedy interests. Comments like from Silverhawk and Jersey Trader are utterly devoid of both patriotism and human spirit. Workers should not be forced to choose between environmental protection and protection from predatory business practices, and their jobs. That false choice is the logic of outsourcing which folks like Silverhawk and Jersey flail around in order to hide the other obvious choice- greater social equality through reduction of obscene unearned profit expectations.

    That said, we are far from the place where it would make much sense for Apple to locate this plant in USA. Unfortunately due to lack of public investment in science/engineering education and basic infrastructure we are getting farther every day. Maybe Apple could build a small plant to make double-price products so us tiny minority of well-off patriotic investor/consumers could do our part to build our country through our consumption. But it would be a tiny business. What is really needed is political change. Unfortunately we look set to fall further behind soon on that front too.

  6. Amen Mark S.

    It is a shame so many in the investor class can see only their own greedy interests. Comments like from Silverhawk and Jersey Trader are utterly devoid of both patriotism and human spirit. Workers should not be forced to choose between environmental protection and protection from predatory business practices, and their jobs. That false choice is the logic of outsourcing which folks like Silverhawk and Jersey flail around in order to hide the other obvious choice- greater social equality through reduction of obscene unearned profit expectations.

    That said, we are far from the place where it would make much sense for Apple to locate this plant in USA. Unfortunately due to lack of public investment in science/engineering education and basic infrastructure we are getting farther every day. Maybe Apple could build a small plant to make double-price products so us tiny minority of well-off patriotic investor/consumers could do our part to build our country through our consumption. But it would be a tiny business. What is really needed is political change. Unfortunately we look set to fall further behind soon on that front too.

  7. The problem with work going to China is that their currency is pegged to our Dollar. No mater how many many unions and regulations you take away China can still make things cheaper. If we had truly declared war like WWII, and not payed for them with foreign dept we could force China to float their currency like every other industrialized nation.

    I do want to bring manufacturing jobs back to the US. That is why I don’t let a Austrialtion and a Saudi tell me how to be an American. Look at who owns you news source, pays the news staff to see who will benefit from your vote.

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