News

Apple Supplier Foxconn In Talks To Build Factory In Saudi Arabia – WSJ

Foxconn

Foxconn Technology Group is in talks with Saudi Arabia about jointly building a $9 billion facility that could make microchips, electric-vehicle components and other electronics, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Foxconn, which is a supplier to Apple Inc, did not immediately respond to a Reuters request for comment.

(Reporting by Chavi Mehta in Bengaluru; Editing by Devika Syamnath)

Chavi Mehta
Related News
Related sized article featured image

Nearly a third of initiatives fail to deliver value, with outdated portfolio planning linked to hundreds of millions in lost returns.

News Team
Related sized article featured image

Strong safety record masks widening gap on stress and wellbeing, Make UK research warns.

News Team