Foxconn may be most well known as a key Apple(s aapl) component supplier and iPhone manufacturer, but it is apparently also aiming to make a name for itself as a supplier of 4G data services to iPhones and other mobile devices. Hon Hai Precision Industry, better known to us in the west as Foxconn, is buying a $390 million stake in fellow Taiwanese company Asia Pacific Telecom, Reuters reports.
Both Foxconn and Asia Pacific Telecom won spectrum licenses in Taiwan’s recent 4G auction. Foxconn has filed the paperwork with Taiwanese regulators to merge its subsidiary Ambit Microsystems (which technically holds its license) with Asia Pacific. By combining their frequency holdings, the two could build a much more powerful LTE network.
Foxconn has broader ambitions than being a mobile operator. In a recent interview with Bloomberg, Foxconn chairman Terry Gou said the company wants to use Taiwan as a showcase “to prove that we can offer integrated hardware, software, content and services.”