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Jakarta Post

Foxconn may spend $10 billion on factories: Minister

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Sat, July 21 2012   /  01:06 pm

Foxconn Technology Group, subsidiary of Taiwan based Hon Hai Precision Industry Ltd., may spend between US$8 billion and $10 billion over the next five years to set up manufacturing centers in Indonesia, says Industry Minister M.S. Hidayat.

Foxconn is the world’s biggest electronics manufacturer with major clients such as Apple Inc., Dell Inc. and Microsoft Corporation. According to the New York Times, the company is responsible for 40 percent of global electronics output.

Hon Hai founder and Foxconn CEO Terry Gou met President Susilo Bambang Yudhoyono last week as a courtesy prior to unveiling the company’s investment plan in Indonesia.

Hidayat said a team of officials from his ministry, the trade ministry and the Investment Coordinating Board (BKPM) would travel to Taipei to discuss procedures for implementation of the plan.

“Foxconn has conducted a fe...