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.

Advertisement: Introducing the new iPod touch. Now with FaceTime, Retina display, HD video recording and Game Center. From $229. Buy Now.

“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.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.