Foxconn Invests $1 Billion to Expand in China and India
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
Advanced Carrier Services
Appliance Deployment
ATCA
Auto Dialer
BPA (3rd Party Remote Call Monitoring)
Broadcast Modulator
Business Phone Systems
Business Process Automation
Business VoIP
Call Center
Call Center Certification
Call Center Digital Signage
Call Center Furniture
Call Center Hiring
Call Center Management
Call Center On Demand
Call Center Outsourcing
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Center Workforce Management
Call Monitoring
Call Recording
Communications Enabled Business Processes
Conference Call
Conferencing
Contact Center Headsets
Contact Center Software
CRM Software
CRM Solutions
DID/DDI
Digital Signage
e911
E911 Hosted Solutions
Email Archiving
Email Server
Enterprise Fax over IP
Enterprise VoIP
Ethernet Extender
Fax
Fax Over IP
FoIP
HD Conference
Hosted Contact Center
Hosted Exchange
Hosted PBX
Integrated Communications
IP Fax
IP Multimedia
IP Phone Maker
IP Phone System
IP Phones
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Unified Communications
Mobile Video
NEBS
Network Installation
Open Source CRM
PBX PCI Adapter
Phone Systems
Portable Satellite Antenna
Predictive Dialer
Sales Software
SATCON
SIP
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telecom Lifecycle Management
Telemarketing Software
Telepresence
Testing IP Services
Virtual Call Center
Virtual Office
Virtual PBX
Virtual Receptionist
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
Voicemail Replacement
VoIP Call Recording
VoIP Contact Center
VoIP Developer
VoIP Gateways
VoIP Monitoring
VoIPSwitch
Web Conferencing
Web Meeting
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Optimization
Share
TMCnews
[June 19, 2007]

Foxconn Invests $1 Billion to Expand in China and India

TMCnet Contributing Editor
 
Foxconn International Holdings Ltd., a subsidiary of the Taiwanese electronics manufacturer Hon Hai Precision Industry Co., announced its plan to diversify at a shareholders’ meeting in Hong Kong, according to a Reuters report. Foxconn CEO Samuel Chin stated the company will invest nearly $1 billion towards expansion in China and India.


 
Chin reportedly ended speculation that Foxconn was involved in manufacturing iPhones for Apple (News - Alert) Inc. However, he was silent when asked whether Foxconn or Hon Hai would be involved with this initiative in the future.


 
Presently, Foxconn owns two factories in Shenzhen and Beijing. The company is planning to build another $1.2 billion plant in Northern China to increase its capacity.
 
Chin reportedly said, “We currently have capacity that made $10 billion revenue in 2006. I’m trying to increase capacity so that in year 2008 and 2009 we’ll be able to generate at least $20 billion revenue.”
 
“We’ve outgrown Shenzhen and Beijing. There’s not enough capacity to fit our requirements, the costs in these areas have increased. We’ve no choice but to find more cost-competitive sites,” Chin was quoted as stating.
 
Rahul Prabhakar is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
 
Don't forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers white papers, case studies and other documents which are free to registered users.
 

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
10 reasons to switch to an IP PBX
Application Whitelisting: A new security paradigm
SCADA Systems Protection
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Cisco Addresses Collaboration, UC Interoperability with Slew of New Pr…
Google, Virgin America Team Up to Offer Free Wi-Fi …
Digium CEO Danny Windham to Deliver Keynote Address at ITEXPO …
Verizon Wireless Raises Early Termination Fee from $175 to $350
BrightCom Demonstrates Telepresence Solutions at Industry Conference
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Equipment Vendors Set to Cash in On Growing Demand for Increased Backhaul Capacity: Report
Telchemy Ships More than 50 Million Units of VQmon
SuperNet of Ohio Launches New Hosted VoIP Service for SMBs
Ronco Distributes Ascom's Wireless Communication Products
AudioCodes Intros MSBG PLUS an Open Platform for Unified Communications

Subscribe FREE to all of TMC's monthly magazines. Click here now.