Foxconn forays into the retail channel market

Foxconn has entered in
Taiwan's retail channel market. Foxconn's retail channel subsidiary
Cybermart will also start expanding its IT malls throughout Taiwan
with the total number of stores to reach 20.

Cybermart has already been
operating in China's retail market for more than 10 years and has
over 35 stores throughout China. The company is set to establish 7-8
more stores later in 2011. As for Taiwan, Cybermart's first store
will be located in Taipei and will expand to other cities such as
Kaohsiung, Taichung and Chiayi.

In addition to hardware
products, Foxconn is also in contact with Taiwan-based book chain
store Eslite for cooperation. In the past, Cybermart mostly rented
buildings to open up new IT malls, but starting in 2011, Foxconn
turned to establishing its own buildings for new malls and the
company is currently evaluating about 50 properties for possible mall
locations in the future. The company is also set to invest $3.8
billion over 3 years to establish a 12-floor building for the Taipei
IT Mall project with each floor having a height of over 5m. Within
the building, seven floors will be used for IT mall purposes, while
another 3 floors will be rented out to enterprises to develop R&D
teams.