Jabil (JBL) said late Tuesday it will open a new site in the Indian state of Gujarat, its second factory in the country.
The company also struck a new memorandum of understanding with the Gujarat government to mull the option of constructing a post-wafer fabrication silicon photonics site, Jabil added.
Financial terms were not disclosed.
Jabil's stock was up 3% in recent Wednesday premarket activity.
Price: 145.90, Change: +4.34, Percent Change: +3.07
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