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Foxconn to decide fate of Indonesia project in Oct-source
April 24, 2014 / 9:06 AM / in 4 years

Foxconn to decide fate of Indonesia project in Oct-source

TAIPEI, April 24 (Reuters) - Foxconn Technology Group, the world’s No.1 electronics manufacturing service (EMS) provider, will decide the fate of its planned $1 billion investment project in Indonesia in October, a source said on Thursday.

Foxconn, the major supplier of Apple Inc’s iPhones, announced the plan in February as part of its strategy to expand beyond China, where it has built a massive production base over the last three decades.

The company had said in a statement then that Foxconn would submit a concrete proposal to the Indonesian government “in the next three months.” (Reporting by Faith Hung; Editing by Anupama Dwivedi)

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