Wednesday, 25 September, 2024

Foxconn Plans $1 Billion Investment For New Smartphone Assembly Unit

Foxconn is planning to invest around $1 billion to establish a new smartphone assembly unit. This move aligns with its expansion strategy to meet rising demand and strengthen its manufacturing capabilities. The proposed unit will focus on producing smartphones for major global brands, enhancing Foxconn's role as a key player in the mobile device supply chain, and potentially boosting local employment and economic growth.