“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.
“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.”
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