Foxconn Technology Group, the world's largest electronics contractor, plans to build a manufacturing base for smart wearables in Chengdu, the capital of southwest China's Sichuan Province.
The base covers an area of about 10 hectares in the Chengdu High-tech Industrial Development Zone and is expected to be ready for production in September.
Smart wearables are daily wearable products and devices equipped with intelligent technologies and designs. It is expected that in 2019, the global smart device shipments will reach 136 million pieces, and smart wearables will gradually replace smartphones as a booming market segment, according to a report on China's wearable device industry.
Foxconn established its industrial park in Chengdu in 2010, covering tablet computer production and laptop assembly. In 2018, the industrial park's revenue exceeded 100 billion yuan (about $14.93 billion).
The electronics and information industry is one of the three leading industries of the Chengdu High-tech Industrial Development Zone, with more than 300 billion yuan in output in 2018. More than 30 of the world's top 500 companies, including Foxconn, Intel, Dell and Lenovo, have settled in the zone.