Foxconn Plans To Invest $1 Billion In Indonesia

Taiwan technology giant Foxconn group has signed a letter of intent to invest up to $1 billion in Indonesia as it seeks to diversify production away from China, officials said Sunday. Foxconn, also known by its Taipei-headquartered mother company Hon Hai Precision Industry which is the world's largest contract electronics maker, said the investments would be in Jakarta province, which has better infrastructure than other regions of the country. "We plan to come up with detailed investment plans ...