Nokia rejects BenQ for Foxconn

I was working for a high technology organization in Taiwan during years 2001 and 2002. It was evident that during those years Foxconn was working on every front to upgrade their Nokia supplier status. Foxconn wasn’t core component supplier. Instead, they provided parts that were very low on the food chain, parts like keyboards and cases. Even in cases Nokia had their own hands so margins that were up for the grabs for Foxconn were very limited.

Now Foxconn has a new chance for life. BenQ bought the mobile unit of Siemens. This will catapult BenQ to whole new spheres with its market share, therefore making it direct competitor for Nokia. Would you buy phone supplies from your competitor? It is difficult to say what will happen but now it has been rumored that Nokia is indeed dropping BenQ and moving on to Foxconn. Congratulations Foxconn!