Foxconn, Apple's biggest supplier, has sent two low-Earth orbit satellites into space to tap into the growing market for communications from space. The satellites, co-developed with Taiwan's National Central University, are the size of a backpack and weigh 9 kilograms each. They are designed to orbit Earth every 96 minutes at an altitude of 520 kilometers. Foxconn's move into satellite technology is part of its diversification plans, which include electric vehicles and digital health. Government orders and support from its electric vehicle business could help boost Foxconn's satellite unit.
iPhone supplier Foxconn enters a new 'space'
Foxconn, Apple's biggest supplier, has sent two low-Earth orbit satellites into space to tap into the growing market for communications from space. The satellites, co-developed with Taiwan's National Central University, are the size of a backpack and weigh 9 kilograms each. They are designed to orbit Earth every 96 minutes at an altitude of 520 kilometers. Foxconn's move into satellite technology is part of its diversification plans, which include electric vehicles and digital health. Government orders and support from its electric vehicle business could help boost Foxconn's satellite unit.