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The Wall Street Publication > Blog > Tech > Foxconn in Talks to Build $9 Billion Factory in Saudi Arabia
Tech

Foxconn in Talks to Build $9 Billion Factory in Saudi Arabia

Editorial Board Published March 14, 2022
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Foxconn in Talks to Build  Billion Factory in Saudi Arabia
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Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, is in talks with Saudi Arabia about jointly building a $9 billion multipurpose facility that could make microchips, electric-vehicle components and other electronics like displays, according to people familiar with the matter.

The Saudi government is reviewing an offer from the company, formally known as Hon Hai Precision Industry Co. , to build a dual-line foundry for surface-mount technology and wafer fabrication in Neom, a tech-focused city-state the kingdom is developing in the desert, the people said. Discussions over the project started last year, they said.

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