Apple manufacturing partner, Foxconn, to buy a $270M factory in Vietnam

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.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.