Friday, 24 March, 2023
Foxconn in talks to build $9B factory in Saudi Arabia’s future city Neom
<p>New reports suggest that the Saudi government is in talks with Foxconn to build a new factory in its future city Neom. The $500B future city was announced in 2017 as part of the country’s “Vision 2030”. The planned factory would manufacture semiconductors, displays and EV components. If confirmed, the plant might play a role in Foxconn's previously announced aspirations to enter the electric vehicle industry by 2025.</p>
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