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Foxconn is manufacturing a higher value in China
Published Tue, Feb 20, 2018 · 09:50 PM
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Hong Kong
FOXCONN is aiming to manufacture something different in a new location. The Taiwanese assembler of Apple's iPhones plans to spin off a subsidiary in Shanghai. Fresh funds will help it push into new technologies. Given the nature of stock trading in China, it also could be retooling its valuation.
As smartphone demand slows, boss Terry Gou is eyeing new areas of growth for his US$52 billion…
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