Apple supplier Luxshare to invest $330 mln more in northern Vietnam

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HANOI, Nov 10 (Reuters) - Apple (AAPL.O) supplier Luxshare Precision Industry Co (002475.SZ) has been awarded a license to invest an additional $330 million in its plant in Vietnam's northern province of Bac Giang, raising the total investment to $504 million, provincial authorities said...

The new facility at Luxshare-ICT, Luxshare's arm in Vietnam, will be on a plot of 29.1 hectares (72 acres) and will produce cables for smart devices, communications equipment, touch pens, smart positioning tags and smartwatches, Bac Giang authorities said in a statement dated Wednesday...

Earlier this year, another Apple supplier, Foxconn, set up a new factory in central Vietnam and raised its investment in the country by $250 million to make electric vehicles and telecom parts...

Full story at Reuters | 

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