Foxconn Invests $1 Billion to Expand in China and India
TMCnet
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  IVR |  ITEXPO SHOW NEWS  |  Healthcare  |  Cisco News  |  Skype News  |  Microsoft News  |  AVAYA News
  INDUSTRIES
  VERTICALS
  HORIZONTAL
  PUBLICATIONS
  FREE RESOURCES
  INTERNATIONAL
  EVENTS
  ABOUT TMC
  COMMUNITIES
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
3G, VoIP & IPTV Performance Management
Advanced Carrier Services
All-in-one IPPBX
Appliance Deployment
ATCA
Auto Dialer
Billing
BPA (3rd Party Remote Call Monitoring)
Business Automation
Business Phone Systems
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
Conference Call
Conference Phones
Conferencing
Contact Center Software
CRM Solutions
Dialer
DID/DDI
Digital Signage
e911
E911 Hosted Solutions
Ethernet Extender
Fax
Fax Over IP
HD Conference
Headsets
Hosted Call Center
Hosted Contact Center
Hosted PBX
Integrated Communications
IP Fax
IP Phone System
IP Phones
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Unified Communications
Mobile Video
NEBS
Open Source CRM
Phone Systems
Predictive Dialer
SIP
Speech Recognition and Text to Speech
Telecom Expense Management
Telecom Training
Telemarketing Software
Virtual Call Center
Virtual Office
Virtual PBX
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
Voicemail Replacement
VoIP Contact Center
VoIP Developer
VoIP Gateways
VoIP Monitoring
VoIP Robustness Testing
VoIP Test Solutions
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
Receive more news in your Email
Featured White Papers
Featured White Paper RSS feed
10 reasons to switch to an IP PBX
Satisfy Your Customers the First Time, Every Time
Application Whitelisting: A new security paradigm
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
MetaSwitch Teams with Technology Bureau to Integrate Solution for Loca…
SDI Protects Mobile Communications at Hospice & Palliative CareCen…
Skype Connects U.S. Soldier to Live Home Birth
RokkSoft Launches New Partner Program for Agent partners
To Improve Customer Retention, Today's IVR Systems Must Deliver …
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Google Voice Disruptive? If so, What Gets Disrupted?
Positron Announces North American Reseller Agreement with Telephony Depot
Loip.com Launches VoIP Online Voice Service Consulting Platform
Qwest Ethernet Services Selected by the State of Utah
J.D. Power and Associates Ranks Verizon Business Highest in Customer Satisfaction

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