A new report has asserted that Hon Hai Precision Industry, also know as Foxconn, is investing $210 million in an upcoming plant in Huai’an city which is meant to help satisfy the ever-growing demand for Apple products around the world.
Earlier this week, we reported that Apple CEO Tim Cook was visiting China. Everybody was wondering why he would have gone to China.
According various news reports, Apple CEO Tim Cook was spotted in an Apple Store in Beijing. This was enough to fuel speculation that he was there to work out deals with Chinese telecoms.