Look out Apple — Foxconn is encroaching on your turf.
The company, which already boasts a chain of retail outlets, plans to expand into everything from software apps to a broadband satellite network. Much like Verizon, Comcast and others in the US, the EMS firm is working with local municipalities to build out the network.
Moreover, it has big plans to develop apps for smartphones, tablets and TV.
EMS companies don’t stand still. They can’t make money making solder joints. OEMs that want to protect their future should reconsider the extent to which they should be enabling their suppliers.