Foxconn to invest USD 1 bln in Indonesia

Monday 10 February 2014 | 01:50 CET | News
Electronics manufacturer Hon Hai Precision Industry (Foxconn Electronics) has signed a letter of intent to invest up to USD 1 billion in Indonesia. The investments, which would be in Jakarta province, will be completed in three to five years and range from R&D, electronics software design, and internet business to manufacturing and assembly of electronics products, AFP reports. Detailed investment plans are expected to be presented to local authorities in three months.

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Categories: Mobile & Wireless
Companies: Foxconn / Hon Hai Precision Industry
Countries: Indonesia
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