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.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuesservicesFoxconn Technology Group

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?