Foxconn to invest up to $1bn in Indonesia | Bangkok Post: business

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Foxconn to invest $1bn in Indonesia

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Taiwan technology giant Foxconn group has signed a letter of intent to invest up to US$1 billion (33 billion baht) in Indonesia as it seeks to diversify production away from China, officials said Sunday. 

Foxconn group has signed a letter of intent to invest up to $1 billion in Indonesia as it seeks to diversify production away from China.

Foxconn, also known by its Taipei-headquartered mother company Hon Hai Precision Industry which is the world's largest contract electronics maker, said the investments would be in Jakarta province, which has better infrastructure than other regions of the country.

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