Foxconn relocating some fabs back to Taiwan

Posted on Wednesday, Apr 01 2009 @ 05:26 CEST by Thomas De Maesschalck
DigiTimes reports the Foxconn Group plans to relocate part of its production facilities in China back to Taiwan later this year:
While endorsing the government's efforts to create more job opportunities in an attempt to rein in rising unemployment rates in Taiwan, Gou also urged the government to cultivate a more favorable business environment so that more local enterprises are willing to build their bases in the home market.
Foxconn chairman Terry Gou also said he believes the global economy won't fully recover until 2012.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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