| Foxconn's Capex Going to Equipment, Not Buildings |
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| Written by Mike Buetow | |||
| Tuesday, 14 April 2009 09:22 | |||
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TAIPEI -- Foxconn International Holdings has cut its planned capital expenditures 28% year-over-year, the company said.
Foxconn, the world's largest ODM/EMS firm, set a 2009 budget of about $500 million. The company spent $691 million last year. The good news for equipment makers: Rather than spending on greenfields and buildings, the budget is earmarked for equipment and automation.
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