Taiwan's Foxconn to build tech park in southern Chinese city
[TAIPEI] Taiwan's Foxconn would invest billions of yuan in a technology-focused industrial park in southern China, a Chinese local government website said.
The planned electronics information industry park, located in Nanning, Guangxi province, will begin construction this year and be operational before 2020, the Nanning government's website said. The park will create 70,000 jobs, it said.
Foxconn, formally known as Hon Hai Precision Industry Co, referred to the Nanning government's official website when asked about the matter on Friday.
The investment was described as a 100 billion yuan (US$15.34 billion) industrial park. No specific investment figure was given.
The agreement was signed last week with top Chinese officials from the provincial and city governments who were pictured with Foxconn founder Terry Gou, according to information on the website that cited a local Nanning newspaper.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming