Taiwan's Foxxon computer company and the US' Hewlett Packard will jointly invest 50 million US dollars to build a computer company in Russia, Taiwan press said on Tuesday. Terry Gou, chairman of Foxxon's mother company, the Hon Hai Precision Industry Co Ltd, flew to Russia in his private jet Tuesday for a four-day visit, the Central News Agency (CNA) reported. Gou will visit Moscow for two days before proceeding to St Petersburg, where he will preside over the ground-breaking ceremony of the joint-venture computer company. Gou will stay in St Petersburg for two days and return to Taiwan on October 14. CNA quoted St Petersburg city government sources as saying the Foxxon-HP company will be a "world-scale" company producing personal computer, LCD screens and computer peripherals. The company will occupy 12-15 hectares. Construction of the company is scheduled to begin in autumn and production will begin a year later. Gou is the founder of Hon Hai, the world's biggest electronics contract manufacturer by revenue. Hon Hai has factories in Taiwan, China, Brazil, the Czech Republic, Ireland, Finland, Hungary, Mexico and Vietnam. Hon Hai is a world leader in mobile phones, PCs, notebook computers, motherboards and game consoles. Hong Kong-listed Foxconn is the registered trade name for Hon Hai.
