Re: Apple supplier, Foxconn, in talks to build factory in Saudi Arabia –


Source: middleeastmonitor.com middleeastmonitor.com

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Foxconn Technology Group 2317.TW is in talks with Saudi Arabia about jointly building a $9 billion facility that could make microchips, electric-vehicle components and other electronics, the Wall Street Journal reported on Monday and also reported by Reuters. Saudi Arabia is reviewing Foxconn's offer to build a dual-line semiconductor contract manufacturing facility known as a "foundry" in Neom, a tech-focused city-state it is developing in the desert, the report said, citing people familiar with the matter. The company and Saudi Arabia authorities did not immediately respond to Reuters requests for comment. Foxconn, the world's largest contract electronics manufacturer and a...