Earlier today (18th January 2021), the Vietnamese government has just given Foxconn the license to set up its plant worth 270 million US Dollars. The new site will produce laptops and tablets, as per a new report.
According to a Reuters report, the new plant will be developed by Fukang Technology and is situated in the northern province of Bac Giang. It will be responsible for producing up to eight million units each year as per a statement by the local government. Foxconn Technology, the known Apple supplier, has already invested about 1.5 billion US Dollars in Vietnam and aims to recruit over 10,000 additional local workers within this year.
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Furthermore, local reports have also indicated that Foxconn is planning to invest an additional 1.3 billion US Dollars in the Thanh Hoa province, which is south of Hanoi. Through the new site, the company is aiming to shift the assembly of some iPad and MacBooks, as per a person close to the matter. The move also arrives after Apple decided to diversify its supply chain to minimize the impacts faced by straining US-China relations.
Apart from raising its workforce in the region, the Taiwanese firm is also aiming on raising its investment in the region by another 700 million US Dollars as well. The investment would again be towards its local plants in Vietnam, as per the government. In other words, we can soon see Apple MacBook and iPads that were made in Vietnam be in circulation across the globe.
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