Apple supplier Foxconn will build a $ 270 million factory in Vietnam, likely for MacBooks and iPads

Apple supplier Foxconn has obtained a license to build a new $ 270 million plant in Vietnam, which will likely produce MacBooks and iPads (via Reuters).

The new plant, which will be developed by Fukang Technology, will be located in the northern Vietnamese province of Bac Giang. Upon completion, the site is expected to be able to produce eight million laptops and tablets annually.

Foxconn is one of Apple’s largest manufacturing partners. In November last year, Apple urged Foxconn to move some of the iPad and MacBook assembly from China to Vietnam as the company seeks to diversify its supply chains away from the concentration in China. It therefore seems very likely that these laptops and tablets are actually MacBooks and iPads to supply Apple.

Foxconn has reportedly invested $ 1.5 billion in Vietnam so far and plans to increase its investment by an additional $ 700 million and recruit another 10,000 local workers this year. Foxconn is also rumored to be considering another $ 1.3 billion …

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  • According to this source Apple supplier Foxconn will build a $ 270 million factory in Vietnam, likely for MacBooks and iPads
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