Foxconn to enter information security realm with joint venture
Foxconn Technology Group isn’t satisfied with just making iPhones, and plans to break into the information security market through an upcoming joint venture.On Thursday, the Taiwanese manufacturing giant announced it would set up in May a joint venture with Korea’s SK C&C, an IT services provider, to develop information security systems for the Chinese market.The venture will be based at one of Foxconn’s factories in China, where it has hired over a million workers to assemble electronics for vendors that include Apple, Microsoft and Sony.Electronics manufacturing has long been the core business of the company. Business from Apple is estimated to contribute 40 to 50 percent of Foxconn’s revenue.To read this article in full or to leave a comment, please click here