CUPERTINO (dpa-AFX) - Foxconn Technology Group, one of the biggest suppliers of Apple Inc. (AAPL), is reportedly in talks with Saudi Arabia to build a $9 billion facility.
According to Wall Street Journal, Foxconn is in talks with the Arab kingdom about jointly building a $9 billion multipurpose facility that could make microchips, electric-vehicle components and other electronics.
The report says that the Saudi government is reviewing the offer from the company to build a dual-line foundry for surface-mount technology and wafer fabrication in Neom, a tech-focused city-state the kingdom is developing in the desert.
Besides Saudi Arabia, Foxconn is also considering the United Arab Emirates to build the project there, the report said.
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