The government of Vietnam on Monday awarded a license to a unit of Taiwan’s Foxconn to build a $270 million plant to produce laptops and tablets.
The plant, to be developed by Fukang Technology, will be located in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement on its website.
Foxconn has so far invested $1.5 billion in Vietnam and plans to raise its investment by $700 million and recruit 10,000 more local workers this year, the government said.
Separately, state media reported last week Foxconn was also looking into investing $1.3 billion in Thanh Hoa province, 160 km (99.42 miles) south of Hanoi.
MacDailyNews Note: Last November, Reuters reported that Foxconn was building assembly lines for Apple’s iPad and MacBook notebooks at its plant in Vietnam’s northeastern Bac Giang province and that the lines were slated to come online in the first half of 2021. This move was done at the request of Apple, as the U.S. firm diversifies production to mitigate the impact of a U.S.-China trade war.
Today is Martin Luther King Day in the U.S. and the markets are closed. As usual on such trading holidays, we will have limited posting today.
A very sensible move as the environment in China and who knows what the future in Taiwan will be in the next decade, is not looking rosy. What develops as and when China decides to re-incorporate Taiwan and in particular the assets of Taiwanese companies is the ultimate scary commercial outcome of all this… short at least of the implications to the World of inflict or even all out war it might set in motion.
Wisconsin plant also due to come online when?
There was a news report on TV about the Vietnamese plant and Wisconsin plans.
I downloaded it and edited it by interspersing with some of my artist impressions of what the plant would look like.
I see criticisms from some that my art is terrible, but judge for yourself. I think it is very fitting and I won’t give up creating these works, it fills me with pride for the future and admiration for Apple’s plans.
Wow, impressive. Surprisingly good, I always felt you were a lightweight but clearly I misjudged you somewhat.
Mocking moving typography, oh wow. Meh. Immediately after all CNN videos pop up the totalitarian brainwashing and the censorship of dissenting has begun. Welcome to the USA, comrade…
GoeB, I had hoped you would be especially touched by the video, I was never going to give you up as a secret PC user like me. I just want to tell you what I’m feeling. Make Apple Great Again – #MAGA
The next step will be for Taiwan to build its own nuclear arsenal. It would be triad too … enough in subs, enough on ground and enough missile force to wipe out a fair amount of Chinese, for deterrence. I support a nuclear Taiwan, South Korea and Japan now … surround China with potential Armageddon. Its the only thing dictators respond to. And I would NEVER trust Biden .. he is a dangerous Daffy Duck stumbling around while his errand boy, drug numbskull, dishonorably discharged, and pevert son collects his retirement.
Taiwan doesn’t already have a nuclear arsenal? What have they been doing for the last 50 years, playing Jenga?
Biden is an even bigger fool than John Dingler, Artiste.
Fukang Technology? Well Fukang me!
BigX, the former Citizen shopkeeper… BigX makes Dingler look good, which is sad to say. Go back to your little league taxi duties, X
At least its a friendlier Communist country to the US than China, right? Whoops! I made a statement based on politics and governance! Will I be banned?