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Foxconn plans $63m investment in cloud computing

Foxconn, the Taiwan-based electronics manufacturing giant best known for producing Apple's iPhone 4 smartphone and iPad 2 tablet, is planning a move into cloud computing.

The company plans to invest more than $63 million over five years developing a 1.85-hectare site in Taiwan that will eventually employ 3,000 software engineers developing cloud-based software for itself and clients, according to a report in Digitimes.

Sources close to the company say the site will comprise a cloud computing facility, a software development centre focusing on digital content, storage solutions, cloud computing, security software and environmental protection, plus a "technological innovation incubation center".

Foxconn, which controversially hit the headlines after a spate of suicides among workers at its Chinese factories last year, is best known for its work assembling Apple products. The company also produces devices for a range of electronics firms including Samsung, Sharp and Microsoft - and is said to be preparing to build the next generation of Amazon's Kindle Fire Android tablet.

Work on the site at the Kaohsiung Software Park in southern Taiwan is expected to begin on December 1st. monitors all leading technology stories and rounds them up to help you save time hunting them down.