Apple supplier Foxconn to invest $300 million ... - Reuters

Apple supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility ... SkiptomaincontentAmotoristpassesbyaFoxconnofficebuildinginTaipei,Taiwan,July14,2020.REUTERS/AnnWang/FilePhotoRegisternowforFREEunlimitedaccesstoReuters.comRegisterHANOI,Aug20(Reuters)-ApplesupplierFoxconn(2317.TW)hassigneda$300millionmemorandumofunderstandingwithVietnamesedeveloperKinhBacCity(KBC.HM)toexpanditsfacilityinthenorthofthecountrytodiversifyandboostproduction,statemediasaidonSaturday.TheTaiwanesecompany'snewfactory,onaplotof50.5hectares(125acres)inBacGiangprovince,willgenerate30,000localjobs,theTuoiTrenewspapersaid.Foxconn,formallycalledHonHaiPrecisionIndustryCo,andKinhBacCitydidnotimmediatelyrespondtorequestsforcomment.RegisternowforFREEunlimitedaccesstoReuters.comRegisterThemovefollowsareportthisweekthatFoxconnhasstartedtestproductionoftheAppleWatchinnorthernVietnam.readmoreFoxconn,whichhasbeeninBacGiangfor15years,hasmovedpartofitsiPadandAirPodsproductiontoBacGiang'sQuangChauIndustrialPark,TuoiTrereported.Itdidnotsaywhichtypeofproductswouldbeproducedatthenewfactoryoritscapacity.TheVietnamesegovernmentsaidlastyearFoxconnhadinvested$1.5billionintheSoutheastAsiancountry.RegisternowforFREEunlimitedaccesstoReuters.comRegisterReportingbyPhuongNguyen;EditingbyWilliamMallardOurStandards:TheThomsonReutersTrustPrinciples.TechnologyGalleryIndiadoesnotplantorestrictlow-costforeignsmartphonesales,articlewithgalleryTechnology·August29,2022India'sITministryhasnoproposaltorestrictsalesofforeignsmartphonebrandsthatcostbelow$150,ajuniorministersaidonMonday,afterreportssuggestedNewDelhicouldimposerestrictionstopromotedomesticplayers.VideoTechnologyElonMusk:aimstohaveself-drivingTeslasreadybyyear-endintheU.S.,articlewithvideo3:07AMUTCGalleryTheGreatRebootNorthAmericancompaniessendintherobots,evenasproductivityslumps,articlewithgalleryAugust29,2022TechnologySonytobuymobilegamedeveloperinpushbeyondconsoles,articlewithimageAugust29,2022TechnologyEXCLUSIVEWinforQualcommasnoEUappealcourtrulingagainst$991mlnfine-sources,articlewithimageAugust29,2022