China Daily 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.