Apple supplier Foxconn is expected to expand production of iPhones in India with a new 128.2 billion rupee (about US$1.54 billion) plant.
Vietnam has awarded a license to a unit of Taiwan’s Foxconn Technology Company, Apple’s main manufacturing partner, to build a US$270 million plant to produce laptops and tablets such as Mac laptops and iPads, reports Reuters.
The plant will be located in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement. 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.
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