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Apple supplier Foxconn in talks to build $9 bn plant in Saudi: WSJ
short by Aishwarya Awasthi / on Tuesday, 15 March, 2022
Apple supplier Foxconn and Saudi Arabia are discussing building a $9 billion facility jointly that could make microchips, EV components and other electronics, the Wall Street Journal reported. Saudi Arabia is reviewing Foxconn's offer to build a dual-line semiconductor contract manufacturing facility in Neom. Foxconn is also in talks with the UAE about potentially situating the project there.
read more at Reuters