Motorola places 3.5G handset orders with FIH for 2009
Motorola has speeded up the outsourcing of 3.5G handsets by teaming up with Foxconn International Holdings (FIH)/Chi Mei Communication Systems (CMCS) for the ODM production of 3.5G handsets for 2009, according to sources in the Taiwan handset industry.
FIH/CMCS will utilize chipsets from Qualcomm in the production of 3.5G handsets for Motorola, the sources indicated.
FIH/CMCS'3.5G handset orders from Motorola came after the US branded handset vendor already placed ODM 3.5G handset orders with Taiwan-based Qisda and Compal Communications, said the sources, noting that Qisda will start shipping 3.5G handsets to Motorola in September and Compal will follow suit in the fourth quarter.
In other news, FIH's share price dropped 24% to close at HK$5.84 (US$0.75) on the Hong Kong Stock Exchange (HKSE) on August 18 after the company, on August 15, warned investors that its earnings for the first half of this year will decline 'significantly' from a year earlier.
The Chinese-language Economic Daily News (EDN) quoted JP Morgan as indicating that FIH is expected to see its net profits decline 8% to US$660 million in 2008 from last year's US$721 million.
FIH/CMCS will utilize chipsets from Qualcomm in the production of 3.5G handsets for Motorola, the sources indicated.
FIH/CMCS'3.5G handset orders from Motorola came after the US branded handset vendor already placed ODM 3.5G handset orders with Taiwan-based Qisda and Compal Communications, said the sources, noting that Qisda will start shipping 3.5G handsets to Motorola in September and Compal will follow suit in the fourth quarter.
In other news, FIH's share price dropped 24% to close at HK$5.84 (US$0.75) on the Hong Kong Stock Exchange (HKSE) on August 18 after the company, on August 15, warned investors that its earnings for the first half of this year will decline 'significantly' from a year earlier.
The Chinese-language Economic Daily News (EDN) quoted JP Morgan as indicating that FIH is expected to see its net profits decline 8% to US$660 million in 2008 from last year's US$721 million.
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