HANOI: Apple dealer Foxconn has signed a $three hundred million memorandum of expertise with Vietnamese developer Kinh Bac City to extend its facility withinside the north of the united states to diversify and improve manufacturing, country media stated.
The Taiwanese company's new manufacturing facility, on a plot of 50.five hectares (one hundred twenty five acres) in Bac Giang province, will generate 30,000 neighborhood jobs, the Tuoi Tre newspaper stated.
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Foxconn, officially known as Hon Hai Precision Industry Co, and Kinh Bac City did now no longer right now reply to requests for comment.
The pass follows a file this week that Foxconn has commenced take a look at manufacturing of the Apple Watch in northern Vietnam.
Foxconn, which has been in Bac Giang for 15 years, has moved a part of its iPad and AirPods manufacturing to Bac Giang's Quang Chau Industrial Park, Tuoi Tre reported. It did now no longer say which kind of merchandise might be produced at the brand new manufacturing facility or its capacity.
The Vietnamese authorities stated ultimate 12 months Foxconn had invested $1.five billion withinside the Southeast Asian united states.
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