Foxconn International reportedly to manufacture smartphones for Nokia

Posted by From the Web

Foxconn International Holdings (FIH), the Hong Kong-listed handset subsidiary of Foxconn Electronics, is reportedly going to strengthen its cooperation with Nokia, with the company expected to manufacture smartphones for the Finnish handset vendor, according to sources at a local securities house.

The share price of High Tech Computer (HTC) dropped sharply on November 16 on the Taiwan Stock Exchange (TSE), being massively sold by institutional investors amid the concern that FIH may grab a part of smartphone orders from HTC, according to market sources.

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