Wednesday, September 10, 2008

Foxconn Increased R & D Investment on Smart Phones

FoxconnFrom Foxconn Group was informed that the software research and development center in Nanjing company is rapidly expanding technical staff. It is expected that Nanjing R & D center will be 50,000 people scale at the end of this year.

Foxconn Group's Foxconn International Holdings Limited (02038. HK) disclosed that the company has been added so far 700 to 800 smartphone R & D personnel this year. In the future, Foxconn International will continue to increase the staf, even form Taiwan and Korea.

Analysts pointed out that the mobile phone business's low margins strike Foxconn Group's Foxconn International and Hon Hai Precision in the first half year. Foxconn Group obviously hope to bring out low-margin business of the quagmire and occupy the forefront of research and development of smart phone. With a view to the future to better serve customers, maintaining its position of King of OEM.

Originally Posted: China Business Daily
Author: Angulo Fu