Foxconn Plans New iPhone Factory

Foxconn is apparently planning on ramping up its iPhone production for Apple with some help from a new factory to replace a rented facility in China. The company will break ground on the new factory in August that will ultimately be run by Foxconn subsidiary Fataihua Precision Electronics, according to Xinhau News.

Factory construction is estimated at US$100 million, and once completed will house the 500 employees currently working at the space Foxconn is renting from the local government. The construction project is expected to be completed in about a year.

Foxconn expects it will be able to produce up to 200,000 phones a day at the new facility, and will ultimately employ about 200,000 employees.