Foxconn Invests RMB 5 Bln in Nanning Production Facility

Sohu IT, 12/28/12

Terry Gou, chairman of Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW), has signed an agreement with the government of Nanning, Guangxi province, to invest RMB 5 bln to build a second tablet, PC, and smartphone production facility in the city. Foxconn will also establish three bases - an advanced technology manufacturing base, a trade and commerce base, and a logistics base - in Nanning as part of Guangxi's 12th Five-Year Plan.

According to a representative at Foxconn's Shenzhen headquarters, Shenzhen will remain the company's base of Mainland China operations in the near future.

Editor's Note: For more background on this topic, please see "Foxconn, Nanning Government Sign Cooperation Agreement" MD 12/29/12 issue.

Keywords: Terry Gou consumer electronics hardware smartphone Foxconn 2038.HK 2354.TW PC production facility tablet computer handset contract manufacturer

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily