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Foxconn to invest $700 million in Vietnam


Foxconn to invest $700 million in Vietnam
16:10 | 11/03/2021
Foxconn s investment of $700 million is expected to create 10,000 jobs for Vietnamese people
A representative of Foxconn said that by the end of 2020, the group has invested $1.5 billion in Vietnam.
One of the company s key projects is the $270 million factory of Fukang Technology in Bac Giang province, in which Foxconn Singapore Pte., Ltd. is the investor.
Fukang Technology is a subsidiary of Foxconn (also known as Hon Hai Precision Industry Company). It has been licensed to invest in building factories to manufacture 8 million MacBook and iPad products a year.
Foxconn s total revenue in Vietnam amounted to $3 billion in 2019, $6 billion in 2020, and could reach $10 billion this year. Foxconn s goal in the next 3-5 years is to increase sales in Vietnam to $40 billion. ....

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Apple to produce iPhone 12 in India

Shifting production of some of its products to India is not only in the interest of Apple, but also the Indian government, which has been trying to ramp up exports from the country ....

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Lawsuit against Foxconn dismissed at request of Caledonia man who filed it


Two families ripped apart
Tyler Martinez is kissed by his fiancée, Vanessa Gaona, with whom he has two daughters, moments after Martinez was sentenced to spend five years in prison for the fatal hit-and-run crash that killed Michael Fuchsgruber on Oct. 20, 2017 in Caledonia. Martinez and Gaona were quickly pulled apart by deputies in the courtroom.
ADAM ROGAN,
Empty Walmart shelves
In the early days of the pandemic, there was a rush on household goods, leading to empty shelves of everything from toilet paper to milk and eggs to cleaning supplies, although disruptions to the supply chain were rarely as pronounced as many feared. ....

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