Electronics Production | February 22, 2008
Foxconn growth slows in
EMS provider Foxconn is receiving fewer orders from troubled US mobile phone company maker Motorola.
Taiwan based EMS provider Foxconn has been plagued by a 38 percent drop of its stock since the end of 2007. This is due to a slowdown of orders from Motorola. Althogh the company is expected to increase its revenues from Nokia, Sony Ericsson as well as some Asian mobile phone makers this year. Analysts expect the revenue contribution from Nokia to increase by 35 percent this year. Last year Foxconn grew by 45 percent according to Trading Markets.