Bookmark and Share


Foxconn Technology Group, the world's largest contract maker of electronics, plans to invest $210 million and hire additional nearly 36 thousand employees to manufacture products for Apple in Jiangsu province in eastern China.

The new plant that is projected to start operations in October, 2012, will be 40 thousand square meters large and will employ 35 800 workers. The manufacturing factory will be located in Huai'an city in Jiangsu province in eastern China, reports China Daily web-site. The annual output value of the plant is expected to reach between $949 million and $1.1 billion.

Foxconn is the largest manufacturing partner of Apple, which is among the most successful consumer electronics maker in the world. The new production line will further strengthen ties between Apple and Foxconn.

Earlier this month Foxconn confirmed that it would produce televisions for Apple and earlier this year specifically acquired a stake in Sharp's LCD manufacturing fab.

Tags: Apple, Foxconn, Apple TV, iTV, iPhone, iPad, macbook


Comments currently: 1
Discussion started: 05/23/12 03:10:38 PM
Latest comment: 05/23/12 03:10:38 PM


It's always a little sad to see American companies, directly or indirectly, creating so many jobs in other countries when we need them here. But, it's perfectly legal, and probably necessary for the products to be competitive on price. Clearly, if this is so, something is wrong, though, and needs to be looked at.
0 0 [Posted by: TA152H  | Date: 05/23/12 03:10:38 PM]


Add your Comment

Related news

Latest News

Wednesday, November 5, 2014

10:48 pm | LG’s Unique Ultra-Wide Curved 34” Display Finally Hits the Market. LG 34UC97 Available in the U.S. and the U.K.

Wednesday, October 8, 2014

12:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

4:22 am | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

1:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

10:41 am | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture