Vietnam gives Foxconn unit licence for US$270 million plant

Alonzo Simpson
January 20, 2021

Apple supplier Foxconn has been granted a license to construct a $270 million plant in Bac Giang province, Vietnam, where it would manufacture 8 million MacBooks and iPads annually.

In November, Reuters reported that Foxconn was moving some iPad and MacBook assembly to Vietnam from China at the request of Apple, against the backdrop of the Trump administration targeting China-made electronics with higher import tariffs and restricting some Chinese firms' ability to buy components made using USA technology. The US-China trade war was a pressure point on the company, forcing it to come up with ways to minimize the impact of inter-continental political maneuvers.

Foxconn, a major assembler of Apple products, including the iPhone, and the world's largest contract manufacturer, came to Vietnam in 2007, and has been operating mainly in the northern provinces of Bac Ninh, Bac Giang and Vinh Phuc, making computers and other electronic products and vehicle parts. There was no word on when the factory's construction would be completed, nor when it would be ready to commence production, but it is likely to do so before the end of 2021.

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One of Apple's largest manufacturing partners, Foxconn has plans to raise its investment in Vietnam by a further US$700 million and hire about 10,000 more workers this year.

On top of that, local reports have also indicated that Foxconn is planning to devote an supplemental 1.3 billion US Bucks in the Thanh Hoa province, which is south of Hanoi.

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