Foxconn to build US$9 billion chip plant in China with local govt: Nikkei

The following appears on

TOKYO: Taiwan’s Foxconn , Apple Inc’s iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about US$9 billion, the Nikkei business daily reported on Friday.

The total investment could add up to around 60 billion yuan, or US$9 billion, most of which would be shouldered by the Zhuhai government through subsidies and tax breaks, the Nikkei said, citing people familiar with the matter.

Click here to read the rest

Sharp Launches 7 New MFPs