Foxconn to spend $210M on new Apple production line

Asian manufacturer Foxconn is preparing to spend $210 million on a new Huai'an production line for Apple, according to China Daily. The plant has been announced by local officials, and is expected to consume 40,000 square meters (over 430,556 square feet), and employ 35,800 people. Predicted output is valued at 6 to 7 billion yuan, or somewhere between $949 million and $1.1 billion, with an import/export value of $55.8 million.
Construction should take place in October. What Apple products might be built at the plant are unknown; the company could use it to supplement current iPhone and/or iPad production, or it could turn it towards a new product, such as Apple's rumored 7-inch iPad or even... »read more

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