FOXCONN WILL INVEST $138 MILLION FOR NEW BUSINESS HEADQUARTERS IN CHINA
NEWS Desk Global
Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to construct a new business headquarters in Zhengzhou, China.
Foxconn, formally called Hon Hai Precision Industry Co Ltd, signed a contract with the Henan provincial government for the proposed project, which will have a construction area of about 700 acres (283 hectares), the company said.
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