Menu
Foxconn to enter information security realm with joint venture

Foxconn to enter information security realm with joint venture

Foxconn and Korea's SK C&C will establish a joint venture in May

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.

Foxconn, however, wants to move beyond contract manufacturing, and target new opportunities emerging in the tech industry.

Last June, company CEO Terry Gou said it would expand into cloud computing, networking technologies, in addition to robots and electric cars.

Earlier this week, Foxconn struck another partnership with Chinese Internet giant Tencent to develop Internet-connected electric vehicles. Gou said he hopes to make cars priced lower than US$15,000.

Thursday's deal with SK C&C will also involve the two companies working together on healthcare, finance and improving manufacturing processes, Foxconn said in a statement.

SK C&C already provides IT services in a wide-range of sectors, including telecommunication, finance, energy and logistics among others. In June, Foxconn bought a 4.9 percent stake in the Korean company for about $370 million.

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesservicesFoxconn Technology Group

Featured

Slideshows

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

Revealed at a glitzy bash in Sydney at the Ivy Penthouse, the first StorageCraft Partner Awards locally saw the vendor honour its top-performing partners with ASI Solutions, SMBiT Pro, Webroot, ACA Pacific and Soft Solutions New Zealand taking home the top awards. Photos by Maria Stefina.

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards
Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

​Synnex and Lenovo hosted 18 resellers for an action-packed weekend adventure in RotoVegas, taking in white water rafting on the Kaituna River, as well as quad biking and dinner at Stratosfare​, overlooking Lake Rotorua at the top of Mount Ngongotaha​. Photos by Synnex.

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip
Show Comments