Asia Express
Foxconn to Spend Approx. US$615 Mln in Optical Communications in Shanxi, China
April 08, 2011

Foxconn plans to invest four billion RMB (US$615.38 million; US$1=6.5 RMB) in optical communications business in its Jincheng Science and Technology Industrial Park located in Shanxi, China, according to an April 2, 2011 report by the Commercial Times of Taiwan. The production base is slated for volume production in 2013. It is reported that the company plans to further boost the output of the Jincheng Science and Technology Industrial Park to 12 billion RMB (US$1.84 billion) in three to five years.