Foxconn: We're not Apple's iPhone manufacturer
Foxconn International Holdings Ltd., the Hong Kong-listed arm of Taiwan's Hon Hai Precision Industry Co., said this week it is not Apple Inc.'s manufacturing partner for iPhone.
Chin stopped short of ruling out a future partnership with the Cupertino-based electronics maker on future handsets.
In January, the Chinese-language Commercial Times reported that Foxconn would become the main supplier of the hotly anticipated inaugural Apple handset. The media report sent Foxconn shares on a 5 percent surge.
On Tuesday, the China-based firm said it is building a $1.2 billion plant in northern China to ramp up its capacity in addition to factories in Shenzhen and Beijing.
The $1 billion budgeted for expansion over 2007 and 2008 would go towards that plant, as well as to new factories in India and elsewhere, Chin said.