China no longer main focus of Foxconn?

Posted on Wednesday, February 27 2013 @ 14:00 CET by Thomas De Maesschalck
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DigiTimes picked up rumors that Foxconn is considering moving its investment focus from China to countries such as Brazil, Indonesia, Taiwan and the US.
>i>Seeing that Foxconn Electronics (Hon Hai Precision Industry) has no plans to recruit standard workers in China, rumors have started circulating in the IT market that Foxconn is considering moving its investment focus from China to countries such as Brazil, Indonesia, Taiwan and the US.

Foxconn has declined to comment on the rumors, but some market watchers noted that China will still be an important investment target for the company in 2013, judging by the current market status.

Foxconn's recent investments worldwide should not be regarded as moves out of China since the investments simply show the maker's global market planning, the sources pointed out.


About the Author

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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