Foxconn to further invest in Taiwan

The company is said to invest a further around €2 billion into a new industrial property development, reports, Trading Markets. Foxconn is also planning to shift the listing of Foxconn International – its cellphone unit listed in Hong Kong – back to Taiwan. This is seen as a possible response deregulation and economic revitalization, initiated by the Taiwanese government. To further cut costs, the EMS provider is also said to develop Kaohsiung Port into a main hub of the company in Asia, reports Reuters.