(VOVWORLD) -Foxconn, a multinational electronics contract manufacturer from Taiwan (China), an iPhone assembly partner of Apple, is acquiring large stretches of land in Vietnam and India, said Apple Insider on Monday.
 (Photo: Apple Insider) |
In Vietnam, another unit of the company was in the middle of acquiring land use rights to a site in Nghe An province. That site is said to be 480,000 square meters in size, according to the webpage.
In March, it was reported Foxconn wanted to invest about 700 million USD in a new plant to increase production of iPhone components. In Vietnam in February, it signed a lease with Saigon - Bac Giang Industrial Park Company to lease 111 acres (445,000 square meters) until 2057 for 62.5 million USD, said Apple Insider.