http://www.blogcdn.com/www.engadget.com/media/2012/05/tim-cook-foxconn-plant.jpg China Daily](China builds $3.7 billion, 1,373 mile power cable, how was your afternoon?) is claiming that Foxconn will pump $210 million into building a production line in China’s Jiangsu province. Local authorities have stated that the plant in Huai’an city will produce components for Apple, no doubt heralding a raft of rampant speculation as to Cupertino’s intentions. The building will occupy 40,000 square meters, produce $1.1 billion worth of gear per year and require 35,800 employees – more than Nokia and Sony have fired in recent months, combined.
Report: Foxconn spending $210 million on Apple production line originally appeared on Engadget on Mon, 21 May 2012 09:47:00 EDT. Please see our terms for use of feeds.
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