Foxconn Interconnect joint venture to start building Middle East factory in December

Foxconn Interconnect Technology's (FIT) 6088's Saudi Arabian joint venture will start constructing its first manufacturing base in the Middle East in December that will make electric vehicle chargers, the company said on Wednesday.

FIT, a unit of Taiwan's Foxconn that makes components used for connectivity and in servers, launched the joint venture called Smart Mobility last year with Saleh Suleiman Alrajhi and Sons.