Taiwanese electronics manufacturer Foxconn Technology Group said it was in exploratory talks with Indonesian officials over serving its domestic market in some capacity, but does not have immediate plans to build factories in the country, PCWorld reports.
"There is no investment plan right now. Building a 10 billion, 1 billion factory, there is no such plan," said Foxconn spokesman Simon Hsing in an interview on Wednesday.
The maker of Apple's iPhone and iPad could invest as much as US$10 billion to build facilities in the country. Foxconn already has factories in China and Brazil that manufacture many of the world's electronics for export to other countries.
The company, however, is still evaluating what kind of opportunities Indonesia can provide the company, Hsing said.
While Foxconn has built factories to export products to the rest of the world, the company would likely use a different manufacturing model for Indonesia, Hsing said. Instead, Foxconn would target its investment to build electronics for Indonesia's domestic market, selling the products to local consumers with the help of a partner.
The talks first began when Indonesian government officials approached Foxconn, a month or two ago, about establishing an investment in the country. Hsing said it could be another month or even until the end of the year, when the company has a clearer plan for Indonesia.
