Foxconn Technology Group, Apple‘s (AAPL) main manufacturer in China, says it’s investing $210 million to build a large Apple production line in east China’s Jiangsu province.
The project was announced by local Chinese officials and carried by state-run Xinhua news agency on Monday. The plant, which will be located in Huai’an City and built in October, is expected to produce “components” for Apple. But no other details were disclosed.
The factory will cover an area of 40,000 square meters and will employ 35,800. Its annual output value is expected to reach $949 million to $1.1 billion.
Foxconn CEO Terry Gou said at a press conference in Shanghai on May 10 that the Taiwan-based electronics maker is currently getting its factories in shape to begin producing Apple’s long-rumored TV set.
Apple founder Steve Jobs was quoted last year by his biographer Walter Isaacson as saying he wanted to develop an integrated iTV that works with other digital devices and the iCloud computing system. Jobs told Isaacson he had “cracked” the code for such a user-friendly TV device.
Apple shares were up a fraction, near 564.35, in early-afternoon trading Tuesday.
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