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[$$] Foxconn shifts focus to ‘smart manufacturing’

Yuan Yang in Shenzhen

Foxconn, the world’s largest contract manufacturer of electronics, which is best known as a key supplier for the Apple iPhone, is making a push into industrial technology — such as automating other manufacturers’ processes — as the global smartphone market slows. Speaking on Wednesday at a celebration to mark the Taiwanese company’s 30th anniversary of doing business in China, founder and chairman Terry Gou said: “We are an incredibly large, traditional technology manufacturing business.