Foxconn to invest US$510mil in Kaohsiung headquarters in Taiwan


A Foxconn electric two-wheeler powertrain system is displayed at Foxconn’s annual tech day in Taipei, Taiwan October 8, 2024. REUTERS/Ann Wang

TAIPEI: Foxconn, the world’s largest contract electronics maker, said on Friday it will invest T$15.9 billion ($509.94 million) to build its Kaohsiung headquarters in southern Taiwan.

That would include a mixed-use commercial and office building and a residential tower, it said. Construction is scheduled to start in 2027, with completion targeted for 2033.

Foxconn said the headquarters will serve as an important hub linking its operations across southern Taiwan, and once completed, will house its smart-city team, software R&D teams, battery-cell R&D teams, EV technology development centre and AI application software teams.

The Kaohsiung city government said Foxconn’s investments in the city have totalled T$25 billion ($801.8 million) over the past three years. - Reuters 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Foxconn , Kaohsiung , Taiwan , battery-cell R&D , EV , AI

Next In Business News

Willowglen unit lands two Singapore contracts worth RM46.6mil
Orkim Secures COA renewal from Petron Malaysia
CGC to implement RM10bil BNM-CGC portfolio guarantee schemes for MSME growth
Ramssol to expand human capital ecosystem with strategic acquisitions
PDC, Aspen formally close BKIP2 RFP matter
Pan Merchant unit wins RM26.49mil Selangor water project contract
Ringgit closes lower amid renewed US tariff concerns
Bursa Malaysia reverses earlier gains to end lower, dragged by losses in telco, banking stocks
Citaglobal unit bags RM37.79mil Penang LRT subcontract
SASC strengthens Islamic digital banking presence with Bank Muamalat deployment

Others Also Read