August 14, 2013

Foxconn branches out beyond Apple in troubled solar industry



Foxconn Technology Group, best known for assembling Apple Inc's iPhones, will decide by year-end whether to branch off into unconventional new territory: making solar panels in China.

It is an industry plagued by overcapacity that outstrips demand, and panel prices have tumbled by more than two-thirds in the past two years. Yet some analysts say Foxconn may end up timing it right, ready to make a move just as the sector shows some signs of stabilizing.