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Rumor: Hon Hai to Build Opto-electronics Base in Xiamen

China Business News, 4/23/08

A previously rumored plan by Hon Hai chairman Terry Gou plans to purchase a 6 square-kilometer plot at the Xinyang Industrial Park in Xiamen's Haicang district to construct a new opto-electronics base, have been given credence by a source in the Xiamen municipal government. The source revealed yesterday that "the standing Party committee has passed the related project plans, and the planned investment is going to be huge."

The first phase of construction, to be built at a scale of approximately 800,000 square meters, would employ 40,000 workers. The Xiamen municipal government alone would invest up to RMB 1 bln in the project, and overall investment could number in the tens of billions.

Keywords: foreign investor Terry Gou Xinyang Industrial Park hardware Hon Hai Xiamen

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