This year's investment in Indonesia will be the company's preferred choice

Source: Internet
Author: User
Keywords Foxconn investment Indonesia
Tags apple blackberry business business prospects company design group iphone

January 27, according to foreign media reports, Apple's iphone and ipad products, the main OEM manufacturer, Taiwan Foxconn Technology Group (Foxconn Marvell) Chairman Terry Gou said this year's investment in Indonesia will be the company's preferred choice. Media reports say the company will invest 10 billion dollars in Indonesia over the next 5 years. In addition, Foxconn is considering expanding its production capacity in the United States to open new business prospects for Apple's business.

Foxconn's investment in Indonesia will be combined with BlackBerry's design and marketing mobile phone program in the country, a Canadian smartphone maker seeking to reverse its slide in the smartphone business. "The United States is a market to go," Mr Gou said at the year-end gathering of companies at Foxconn in Sunday. He said many consumers and partners want Foxconn, the world's largest electronics producer, to build a manufacturing facility in the United States.

Foxconn's ambitious plan could raise the company's revenue in the 10-year period from $4 trillion trillion in 2013 to NT $10 trillion ($ 333 billion).

When partners such as Apple develop new products, Foxconn can take advantage of the geographical advantages of the Asian market to access their new orders. Most successfully, Foxconn has been working on the iphone for Apple, and has met Apple's stringent ticket standards and supply chain requirements. Foxconn says it has more than 1 million employees, and the scale effect has greatly reduced the cost of handset components that BlackBerry makes from Foxconn.

Mr Gou has focused the company's future development on Indonesia, claiming that the country, not India, is the most likely to overtake China as the future global manufacturing hub. Foxconn Technology GROUP by its business Hon Hai Precision and Foxconn electronics company composed of two parts. Indonesian government executives have said Hon Hai wants to work with local partners Erajaya Swasembada to invest $10 billion in Indonesia over the next 5 years, and Indonesia will give the company a tax concession in order to push for its implementation. However, Hon Hai has not confirmed the news to date.

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