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Foxconn Invests $210 Million To Build New Production Line For Apple

Posted by samzenpus on from the crank-it-out dept.

redletterdave writes "On Monday, Foxconn agreed to invest $210 million to help Apple build out a new production line for 'unspecified components.' The 40,000-square-meter plant plans to hire roughly 35,800 new employees to help assemble parts for either desktop and laptop computers, iPhones, iPads, iPods, or possibly even new products or devices. Apple projects the plant's annual output between $949 million to $1.1 billion, and also estimates the import and export value at roughly $55.8 million."

1 of 178 comments (clear)

  1. Re:Would you accept Chinese wages in US of A? by artor3 · · Score: 5, Interesting

    There's another way. Stop this suicidal race to the bottom. It would be nice if we had CEOs that weren't a bunch of Randist supermen, who might actually consider helping the society that let them reach their current heights. Since that doesn't seem likely to happen, I'd settle for raising their taxes. They always complain that increasing taxes will drive away the job creators. From where I sit, those people aren't creating any American jobs, so their argument falls flat.