Breitbart
Taiwan-based electronics manufacturer Foxconn, a principal supplier of components for the Apple iPhone, announced Tuesday it will purchase a large parcel of land near the Indian tech hub of Bengaluru.
The facility to be constructed in Bengaluru is evidently part of both Foxconn and Apple’s plan to diversify production away from China.
Agence France-Presse (AFP) noted the plot Foxconn is buying for about $37 million in Bengaluru (formerly known as Bangalore) is bigger than “50 Manhattan city blocks.” Foxconn subsidiary Hon Hai Technology India Mega Development is handling the purchase.
The announcement Foxconn made at the London Stock Exchange did not specify the intended purpose of the real estate, but a clue could be found in comments from Indian officials that Apple plans to begin producing large numbers of iPhones at a new plant in Karnataka state, where Bengaluru is located. Apple would need a steady supply of components from Foxconn to put those iPhones together. read more
Might as well.
That’s where they keep all the customer service representatives for everything.
I’m sure the big guy got his 10% on this deal.
That’s almost 25 years too late.
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter, don’t you call me ’cause I can’t go
I owe my soul to the company store
And I thought Foxconn was moving to Wisconsin.