Foxconn to invest $383 million in circuit board manufacturing in Vietnam, according to sources

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Foxconn to invest $383 million in circuit board manufacturing in Vietnam, according to sources
Foxconn to invest $383 million in circuit board manufacturing in Vietnam, according to sources

It was reported that Foxconn Singapore was given approval to invest $383 million in printed circuit board manufacturing in Vietnam.

According to official sources on Monday, Foxconn Singapore has been granted permission to spend $383 million in a factory in Vietnam that would make printed circuit boards. According to a source, the plant in the northern province of Bac Ninh will generate 2.79 million goods annually. The largest contract electronics manufacturer and assembler in the world is Foxconn (2354.TW).

Since first setting foot in Vietnam in the 2000s, Foxconn has made over $3.2 billion in investments there. The northern provinces of Bac Ninh and Bac Giang are home to the majority of its production facilities. Vietnamese official media reported earlier this month that Foxconn will manufacture 5G AirScale equipment at Bac Giang for Nokia.

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