Foxconn to focus investment in Taiwan in 2013

The contract manufacturer will concentrate on expanding its investments in Taiwan's cities and nurturing local talent there this year.

Foxconn will focus its investment in its home market in Taiwan, including cities such as New Taipei, Taichung and Kaohsiung, as well as nuturing talent there during 2013.

Foxconn will be focusing investments in its home market Taiwan in 2013.

According to a Digitimes report Monday, Foxconn chairman Terry Guo who revealed the plans at a company event added the company will focus on nurturing talent in Taiwan during 2013.

Headquartered in Taipei, Foxconn, also known as Hon Hai Precision Industry, builds for tech companies such as Apple. Most of its factories are in China where it has been hit by a spate of labor rights-related issues over the past years, as well as employee suicides and protests.

In December last year, Foxconn said it will also expand its North American operations due to rising demand for "made in United States" products.

The manufacturer also operations in Brazil, India, Mexico, Malaysia, Japan and Europe.