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© Apple Electronics Production | September 06, 2010

Foxconn cuts growth target

Terry Gou has cut long-term growth targets for Taiwan-based EMS-provider Foxconn by half.

He is now estimating Foxconn’s annual sales growth target to be 15%. Demand for Apple’s gadgets will not offset the sluggish computer sales. He also considers a fully-automated manufacturing facility in the US. Foxconn already has a computer server assembly facility in the USA (Houston /Texas). “If I can have automation in the U.S., then ship to China, the cost-price would still be competitive", Mr Gou told Bloomberg in an interview.
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