Apple Supplier Foxconn to Build $270 Million Plant in Vietnam, Likely for MacBook and iPad

Apple supplier Foxconn has been granted a license to construct a new $270 million plant in Vietnam, likely to manufacture MacBooks and iPads (via Reuters).

foxconn

The new plant, to be developed by Fukang Technology, will be located in the northern Vietnamese province of Bac Giang. Upon completion, the location is projected 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 its iPad and MacBook assembly from China to Vietnam as the company seeks to diversify its supply chains away from concentration in China. It therefore seems highly likely that these laptops and tablets are in fact MacBooks and iPads to supply Apple.

Foxconn has reportedly invested $1.5 billion in Vietnam so far, and plans to raise its investment by a further $700 million and recruit 10,000 additional local workers this year. Foxconn is also said to be considering another $1.3 billion investment for facilities in Thanh Hoa province.

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Top Rated Comments

Spock Avatar
46 months ago

This could have been done in Guatemala or Honduras. Could have brought some jobs, peace and stability for that region.
They don’t care about peace and stability, they only care about profits.
Score: 29 Votes (Like | Disagree)
alphaswift Avatar
46 months ago
Wasn't Trump touting some Foxconn plant to be built in the midwest somewhere? Whatever happened to that?
Score: 16 Votes (Like | Disagree)
svanstrom Avatar
46 months ago
Nice; I absolutely love seeing Apple being less reliant on the mood of the CCP.
Score: 15 Votes (Like | Disagree)
mw360 Avatar
46 months ago

Wasn't Trump touting some Foxconn plant to be built in the midwest somewhere? Whatever happened to that?
Lol, take a wild guess what happened to it.

https://www.theverge.com/21507966/foxconn-empty-factories-wisconsin-jobs-loophole-trump
Score: 13 Votes (Like | Disagree)
David1964 Avatar
46 months ago

Wasn't Trump touting some Foxconn plant to be built in the midwest somewhere? Whatever happened to that?
Trump is history from Wednesday.
Score: 10 Votes (Like | Disagree)
DakotaGuy Avatar
46 months ago

The lack of high-wage jobs that allow Americans to move upwards has resulted in these events that we are experiencing today.

Do you know how many still live at home in 2021?

This is a national security issue. We need high paying manufacturing jobs back.
True. At some point you won't have anyone to sell this stuff to.
Score: 7 Votes (Like | Disagree)