Earlier this week we shared the news that Microsoft had made its Finnish phone unit closure and job cuts official. Today, there is some more news to add to that mix, as a new report indicates that Microsoft’s Mobile unit in Vietnam has been sold to a FoxConn subsidiary.
As reported by Digitimes, FoxConn Electronics has announced that it’s subsidiary, Chief Expertise, has purchased a 100% stake in Microsoft’s Mobile unit in Vietnam for VDN492 million, or $22 million U.S. dollars. This, however, is just the most recent move by Foxconn, as FIH Mobile Ltd., a subsidiary of Hon Hai/Foxconn Technology Group, group most recently purchased Microsoft’s Nokia feature phone business for $350 million.
Overall, under this deal, Foxconn will be able to utilize the plants of Microsoft’s Mobile units in Vietnam in order to produce smartphones and feature phones in the South East Asian country. The deal is expected to close in the second half of 2016.