Foxconn Electronics, one of the world’s largest contract manufacturers, and Hewlett Packard, currently the world’s largest supplier of personal computers (PCs) on Tuesday confirmed that it would set up a plant in the
The planned joint venture between HP and Foxconn is currently seeking for a location for its fab in
Currently Foxconn has over 200 thousand employees worldwide, thus, adding another 5 thousand is hardly a big deal for the company that produces loads of various electronics and computing devices. Nevertheless, the intention to build a plant in
Foxconn produces a lot of components for HP’s rivals, such as Dell, whereas HP uses manufacturing capacities of Foxconn’s competitors. Given that the plant in Saint Petersburg will not only be able to produce cost-efficient displays and PCs for the domestic market, it may eventually serve Easter and Northern Europe markets too, something, which may upset certain companies among those served by Foxconn Electronics using plants in mainland China.