Apple supplier Foxconn has signed a $300 million (about Rs 2,400 crore) memorandum of understanding with Vietnamese developer Kinh Bec City to expand its facility in the north of the country and boost production, state media said on Saturday. . The Taiwanese company’s new factory on a 50.5-hectare (125-acre) plot in Baek Giang province would create 30,000 local jobs, Tuoi Tre newspaper said. Foxconn, formally known as Hon Hai Precision Industry, and Qinh Bek City did not immediately respond to requests for comment.
Foxconn, which has been in Baek Jiang for 15 years, has moved part of its iPad and AirPods production to Baek Jiang’s Quang Chau Industrial Park, Tuoi Tre reported. It did not say what kind of products would be produced at the new factory or what its capacity would be.
The Vietnamese government said last year Foxconn had invested $1.5 billion (about Rs 12,000 crore) in the Southeast Asian country.
A recent report said Apple suppliers are in talks to produce the Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter.
Apple’s Chinese supplier Luxshare Precision Industry and iPhone assembler Foxconn have started trial production of the Apple Watch and MacBook in North Vietnam, the report said.
Apple is shifting some areas of iPhone production from China to other markets, including India, where it began manufacturing the iPhone 13 this year, and also plans to assemble the iPad tablet.
Apple iPad with bigger screen, iPad Pro with M2 chip may launch in October With countries like Mexico and Vietnam, the world’s second largest smartphone market, becoming increasingly important to contract manufacturers supplying US brands Because they try to diversify production. away from China.
