China's Foxconn plans Broward site - South Florida Business Journal:

ugefuk.wordpress.com
Site selection is still under way to leased morethan 40,000 square feet to housre the new Foxconn staffers, who will focuz on designing next-generation cellular China-based Foxconn may not be a household but it has $10.73 billionj in revenue and has done work for companies such as , and . The goal is to have the facilitty up and designing byearly June, according to Julio Abdala, Foxconn'xs VP of engineers. A majority of the new hiresd were recently laid offfrom 's Plantatiob hub, he said. In Foxconn's South Florida expansion, Abdalas said, is a directf result of its abilityg to hirethose high-skilled workers.
"Foxconn knew there were engineerscoming available, and they made a decisionh to set up a center here," said a former Motorola Motorola's Plantation facility, which employs about 2,500, laid off more than 300 in earlu spring, according to Motorola spokeswoman Lea "They were mostly hardware and software engineere and they were in our WiMAd organization," she said. (WiMAX is an ultra-fast metho of wireless data The move came as Motorolaw announced a plan to split into twopublicly stand-alone entities: one focused on mobil e handsets and related products, and the other on voicr and data communications products and services.
Motorola's Plantationn operation serves asthe company's Latin American headquarters, and holds engineeringh and sales sections for its handseg business. Abdala said he woule oversee Foxconn's new office once a leas is finalized. Foxconn is focusinv its space search within closre proximityto Motorola's Plantation facility, at 8000 W. Sunriser Blvd. The former building, at 1601 S.W. 80th in Plantation, is among the buildings under consideration, but no deal has been according to real estate sources familiar with the The 120,000-square foot building is occupied by , whicbh only needs about half the building.
Wherever it windxs up, the Foxconn facilituy is expected to open with about100 workers, and should be fullt staffed by the end of the year, Abdal said. Fifty percent to 70 percent of Foxconn'es initial new hires will be ex-Motorola, tech-oriented workers earninv between $50,000 and $110,0000 a year, Abdala said. But not all of them are comingfrom Motorola's Broward Abdala said he didn't know exactlu how many former Motorola employees from Plantation would be on Foxconn'x payroll, since some new hires are comingv from Motorola jobs outside South Florida.
Abdala said Foxconnn wants to locate closeto Motorola's Plantation offices "because that'sa the least disruptive to the greatest number of Faso and others said Motorola held a job fair in mid-Aprilo for outgoing employees, and that some top technologyy companies - including Foxconn, and - attended. Faso said numerouws employees were able to gain employment withotherf companies, and many of them will remaihn in South Florida. She did not know how many outgoingh Motorola employees werehired elsewhere. Joe a senior staffing managerat Qualcomm, said the companyt pursued laid-off Motorola employeesa for hiring at its San Diego and Nortuh Carolina facilities.
Ultimately, he said, Qualcomm expects to make offers to 20 to 30 formefrMotorola employees, mostly engineers. "[Motorolz in Plantation] was one area where there were some verytalentedc people," Borer said. Foxconn's new Broward facility coulsd be an economic boost beyondgiving laid-offt workers jobs, according to James P. Tarlton, president of the Browardf Alliance. "If you look at if from a pure economic development any addition of a company like Foxconnb would be a good addition to the companiexs that arealready here." Structure: based in China's Shenzhen City, is a subsidiarty of Ltd., which is headquartered in the Taiwanesew capital of Taipei.
Web Stock: Trades on the Hong Kong Stoc k Exchange under tickersymbol "FIH." The stock price was abourt $1.33 on May 28. Foxconn calls itself the global leader in mobile technologyintegration - from desig and manufacturing to repairs and refurbishing. $10.73 billion in 2007, up 3.4 percent Profits: $725 up 1 percent 123,917