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May 24, 2018

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Foxconn to set up US$720m R&D center in Nanjing

FOXCONN Technology Group, the world’s largest electronics contractor, has planned to launch a new R&D center in Nanjing in Jiangsu Province, according to a contract signing ceremony in Nanjing.

The 4.58 billion yuan (US$720 million) center in the China (Nanjing) Software Valley will focus on developing intelligent terminal devices and smart wearable products, the firm said yesterday.

The center is part of a strategic cooperation deal signed by Foxconn and the Nanjing municipal government in September 2017 to collaborate in information technology, smart terminals and high-end equipment making.




 

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