Foxconn to build industrial base in Chongqing

Sep. 30, 2009 (China Knowledge) - Taiwan-based Hon Hai Precision Industry Ltd, also known as Foxconn, has kicked off construction of an industrial base in Xiyong Micro-electronic Industrial Park, Chongqing Municipaity, sources reported.

Hon Hai's new industrial base, covering a land area of 1,800 Mu, will be home to production facilities in ten fields such as computer manufacturing, software development, service outsourcing, and cartoon and animation.

The Chongqing Industrial Base is expected to involve a total investment of US$1 billion. Upon the completion of the project, it will be able to produce 20 million notebooks and related accessories annually. 

In the future, 80% of Hon Hai's key components will be produced in the Chongqing base, said president Terry Gou, adding that the development of both software and hardware is expected to be done in Chongqing thanks to its rich talent pool.

The base will provide around 50,000 job opportunities, and the output value is estimated to exceed RMB 100 billion.