Foxconn Partners with its Subsidiaries to Market Education-Use Tablets

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To establish joint venture with Foxteq Holdings, NetDragon Websoft and Vision Knight CapitalFoxconn, world's leading manufacturer of computer components and systems, has announced that it will be setting up joint venture to market education-use tablets.


(PressReleasePoint) -Mumbai / Bangalore  -  February 13, 2014
 
Foxconn, world's leading manufacturer of computer components and systems, has announced that it will be setting up joint venture to market education-use tablets.
 
Foxconn is establishing joint venture with Foxteq Holdings, NetDragon Websoft and Vision Knight Capital with respective stake ratios of 45%, 49% and 6% specifically for marketing education-use tablets in the China market initially followed by markets in Asia.
 
The joint venture will combine Foxconn's hardware manufacturing capability with NetDragon's software development competence. The joint venture will have registered capital of US$20 million and initial paid-in capital of US$8 million. In addition to ODM/OEM production for international vendors, Foxconn has offered education-use tablets its affiliate YongLin Education Foundation.
 

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About Foxconn
Foxconn was established in 1974 and has grown to become the largest ODM in the world with nearly 1,000,000 employees and revenues in excess of USD 100 billion. Foxconn's customer base includes many famous brands in computing, communications and consumer electronics, for example; Apple, Cisco, Dell, HP, Nokia and Sony. With expertise in design and manufacturing, Foxconn's Channel Division is able to bring barebones and component products to channel customers around the globe, giving them the freedom to create their own solutions. To learn more, visit: www.foxconnchannel.com.


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