Business Moves

Could your next iPhone or Wii be made in Vietnam?

By Lara Wozniak | 3 September 2007
Keywords: foxconn | nintendo | apple

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Taiwan's Foxconn announces plans to diversify its manufacturing base by expanding into Vietnam.

In a move that could be seen as reducing exposure to China, Taipei-based Foxconn Electronics (Hon Hai Precision Industry) announced last week it was expanding operations in Vietnam.

On Friday, the world's largest contract maker of electronics, including Apple's iPhones and iPods and Nintendo's Wii, announced that in the first half of this year its after-tax profits were up 32% year-on-year to NT$31.26 billion ($944.4 million). Net income rose 18% to NT$15.6 billion. Analysts had, however, expected an even better performance. The mean estimate of six analysts compiled by Bloomberg ...

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