Foxconn to expand outside manufacturing with $390M telecom merger.

Foxconn, the Taiwan-based company that manufactures gadgets for Apple, Microsoft, Cisco, and others, aims to become a major force in Taiwan’s emergent market for 4G.

The gadget supplier will buy a stake worth $390 million in Asia Pacific Telecom, a Taiwanese mobile telecoms operator, reports Reuters. Foxconn will acquire 582.9 million shares in Asia Pacific, according to stock exchange filings. Asia Pacific intends to merge with a unit of Foxconn by June 20.

Foxconn Moves Away from China; To Set Up Manufacturing Units in Indonesia and US.

The Taiwan-based Foxconn Technology Group that has emerged as a leading supplier of Apple Inc’s flagship products such as iPads and iPhones, is now considering building hi-tech factories in locations such as the United States as well as low-cost units in Indonesia. This decision comes after the fact that the ‘made in China’ is fast losing its appeal and is fading into a burden, according to indications from the market. This situation is aggravated by the fact that labor costs in China are rising, and the country has been witnessing some unrest in the recent past.
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