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Asia300

Foxconn plans new facility next to Apple's in Shenzhen: sources

Hon Hai ups investment in China as company faces pressure from Beijing on US manufacturing

TAIPEI -- Key iPhone assembler Hon Hai Precision Industry, or Foxconn Technology Group, is planning to build a new facility next to Apple's upcoming research and development center in the southern Chinese city of Shenzhen, according to two people familiar with the matter.

"Foxconn aims to better help Apple create prototypes of new products in this new campus," a source told the Nikkei Asian Review.

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