Foxconn mulls move northward

BEIJING/TIANJIN - Scandal-plagued Foxconn is planning to increase its investment in Tianjin, amid latest reports that the electronics manufacturing giant is shifting some of its operations to the municipality and transfer staff from its Shenzhen plants.

The Taiwan-based company recently contacted the investment department of the Binhai New Area government in Tianjin, an official of the department told China Daily.

Foxconn is planning to increase its investment and product portfolio in the municipality, said the official who did not want to be named.