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Foxconn eyes factories in U.S., Indonesia in ambitious growth plans

27
Jan
2014

By Faith Hung TAIPEI (Reuters) – Taiwans Foxconn Technology Group, the major supplier of Apple Incs iPhone and iPad products, said its considering expanding manufacturing to the United States in a move that could open up new prospects for business with Apple. Chairman Terry Gou also said Indonesia will be a top priority for investment this year. That would tie in with Foxconns deal to design and market phones in the country with BlackBerry Ltd as the Canadian company seeks to reverse its decline in the smartphone business. He said many customers and partners hope Foxconn, the worlds largest contract manufacturer of electronic goods, will set up manufacturing facilities in the U.S. Foxconns ambitious growth plans could see it lift annual revenue to T$10 trillion ($333 billion) a decade from now, from T$4 trillion in 2013.

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