TAIPEIFoxconn has paid about $45 million for Cisco’s set-top box manufacturing facilities in Mexico, a deal previously announced in July:
http://circuitsassembly.com/cms/news/11432-foxconn-buys-ciscos-juarez-facility.

Foxconn acquired the sites through PCE Paragon Solutions, a Hon Hai subsidiary, say published reports.

Cisco had acquired the plants as part of its purchase of Scientific-Atlanta in 2006. The production facility in Juarez has a total staff of 5,000.

The companies had announced the deal in mid-summer but had not previously disclosed the sale price.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account