Foxconn reportedly to invest in Indonesia

This is some good news for those living in Indonesia.

Foxconn Electronics (Hon Hai Precision Industry) is said to be planning to establish manufacturing plants in Indonesia as the minister of Indonesia's Ministry of Industry recently revealed that Foxconn is set to invest US$1 billion in Indonesia, and the investment is expected to create about one million jobs, during his attendance of Indonesia Taiwan Chambers of Commerce, according to sources from the upstream supply chain.

This brings company benefits in lowered labor costs and also more efficient transportation into other parts of Asia.  The expansion also helps to diversify their product offerings as it relates to raw manufacturing including famous items like the iPhone and not so well know things like CPU sockets and other raw computer components.

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