Foxconn to invest $383 mln in Vietnam circuit board plant, says state media (updated)

Foxconn Technology

24/06/2024 14:51

(Adds context)
       HANOI, June 24 (Reuters) - Foxconn Singapore has been
awarded a licence to invest $383 million in a factory to produce
printed circuit boards in Vietnam, state media reported on
Monday.
    The plant in the northern province of Bac Ninh will produce
2.79 million products a year, Cong Thuong newspaper reported. 
    Foxconn  2354.TW , the world's largest contract electronics
maker and assembler, did not immediately respond to a Reuters
request for comment on the report. 
    Foxconn has invested more than $3.2 billion in Vietnam since
fist entering the Southeast Asian country in the 2000s. Most of
its manufacturing plants are located in the northern provinces
of Bac Ninh and Bac Giang. 
    Earlier this month, Vietnamese state media said Foxconn will
produce 5G AirScale equipment for Nokia at Bac Giang.  

 (Reporting by Khanh Vu; Editing by Susan Fenton and Alexander
Smith)
 ((khanh.vu@thomsonreuters.com; +84 24 38259623;))