Taiwan's Foxconn Technology Group, th
world's largest contract electronics
manufacturer, is aiming to develop 10-1
facilities in India, including factories and
data centres, by 2020, company
Chairman Terry Gou said on Tuesday.
The company could spend a "few billion
dollars" on developing the facilities, said
Gou, whose company's listed flagship
unit is Hon Hai Precision Industry Co Ltd
Gou was speaking in an interview on a
bus on the outskirts of Guiyang in
China's southern Guizhou province,
where the company has a manufacturin
facility.
Foxconn was last in the news when
Android distribution maker Cyanogen
announced it had received strategic
investment from the company. Cyanogen
had said the investment, which included
contributions from other investors, will b
used to "accelerate talent hiring and the
development of its open OS platform."
In March, Foxconn had said it would
consider helping rescue Japanese
electronics maker Sharp, the company
said in a statement late on Friday. Hon
Hai's willingness to "participate" in Shar
has never been limited to investing, but
could include technology licensing
transfer and other forms of cooperation.
Hon Hai bought a 38 percent stake in a
Sharp Corp TV panel plant in Sakai,
Japan in 2012. It has been investing in
its display business to diversify from low
margin contract manufacturing.
Back in January, Foxconn said it will cut
its massive workforce as it faces
declining revenue growth and rising
wages in China. The group employs
about 1.3 million people during peak
production times, making it one of the
largest private employers in the world.
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