Foxconn to invest up to $10 billion in Indonesian plant

  • Foxconn Technology is to set up an operation in Indonesia and invest $5-10 billion over five to 10 years.

    The first investment will start with the assembly and production of 3 million handsets per year, according to Indonesia's Trade Minister Gita Wirjawan.

    It will commence in October with phase two of the project to begin in July 2013, when Foxconn will build a plant and increase output to 10 million units per year.

    Foxconn, which is based in Taiwan, is the main supplier for Apple.