Foxconn to invest $246m in two telecom & EV projects in northern Vietnam

Foxconn to invest $246m in two telecom & EV projects in northern Vietnam

A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang

The world’s largest contract electronics maker and assembler, Foxconn, has received approval from Vietnam to invest $246 million in two new projects its northern province of Quang Ninh, the local authority said on Friday.

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