Unconfirmed report: Foxconn could be backing out of its promise to invest in Indonesia.
JAKARTA: Taiwan's Foxconn Technology Group, the world's biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported, citing the head of an Indonesian business chamber.
Foxconn, whose flagship listed unit is Hon Hai Precision Industry Co Ltd, said last year it may invest US$1bil (RM4.19bil) in South-East Asia's biggest economy.
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