the company to expand its businesses into the upstream sector of LED industry

Foxconn did not specify what sector of the LED supply chain it plans to invest in, but most people believe it is LED lighting fixtures.

Other LED companies stated that Foxconn’s previous endeavor to break into the LED industry proved unsuccessful. Whether or not the company’s second attempt will succeed remains to be seen.

Foxconn’s venture capital firm successfully landed a slot on the board of Tera Xtal Techonlogy. Foxconn has subsidiary companies in thermal dissipation and LED package fields, allowing the company to expand its businesses into the upstream sector of LED industry. Currently the company also plans to make its way into the LED street lamp market.

Through its subsidiary company Foxconn Far East, Foxconn increases the capital of its electronic company in Suzhou, China, whose major products are socket and carrier-line systems, by US$56 million.