Huawei has today announced that it will open a factory in France dedicated to the production of wireless equipment for 4G and 5G networks. The majority of the products leaving this facility will be destined for European markets.
The value of the first phase of this investment will be over 200 million Euro. This includes the acquisition of the land, setup, and the construction of machine tools and equipment. Local contractors will play a key role in this process.
Huawei estimates that the factory will employ 500 people, and that the direct annual economic activity created will amount to one billion euros.