Vietnam grants Foxconn a license for a $ 270 million laptop and tablet manufacturing facility

HANOI (Reuters) – Vietnam awarded a license to a Taiwanese Foxconn unit on Monday Technology Co Ltd will build a $ 270 million laptop and tablet manufacturing facility, the Vietnamese government said.

The plant, which will be developed by Fukang Technology, will be located in the northern Bac Giang province and will produce eight million units per year, the government said in a statement on its website.

Reporting by Khanh Vu; Editing by Ed Davies