HP says no joint investment with Foxconn in Chongqing
Published: 06 Aug 2009 00:40:03 PSTHONG KONG, Aug 6 - Hewlett-Packard
On Wednesday, the South China Morning Post reported that HP and Foxconn would invest $3 billion in the project. [ID:nSP344487]
Instead, an HP spokesperson told Reuters that the company had announced a collaboration with the Chongqing government to create a second global manufacturing hub for notebook PCs. This followed a statement last October that HP would build a different facility in Chongqing to produce notebook and desktop PCs.
HP declined to give further details about the investment.
A Foxconn spokesman declined to comment.
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