Business

Vietnam gives Foxconn unit licence for US$270 million plant to produce laptops, tablets

Vietnam on Monday awarded a licence to a unit of Taiwan's Foxconn Technology Co Ltd to build a US$270 million plant to produce laptops and tablets, the Vietnamese government said.

FILE PHOTO: Sign of Foxconn is seen at a glass door inside its office building in Taipei
FILE PHOTO: A sign of Foxconn is seen at a glass door inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang

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HANOI: Vietnam on Monday awarded a licence to a unit of Taiwan's Foxconn Technology Co Ltd to build a US$270 million plant to produce laptops and tablets, the Vietnamese government said.

The plant, to be developed by Fukang Technology, will be located in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement on its website.

(Reporting by Khanh Vu; Editing by Ed Davies)

Source: Reuters