Taiwanese electronics manufacturer Foxconn has launched two prototype low-Earth orbit (LEO) satellites aboard a SpaceX rocket, marking its expansion into satellite technology.
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Collaboration
Developed with Taiwan's National Central University, the satellites, which weigh 9kgs, are designed to orbit Earth at an altitude of 520km.
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Objective
Foxconn's primary focus is on creating satellites for corporate and government clients, setting itself apart from SpaceX.
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Expansion
Since taking charge, Foxconn Chairman Yang Liu has diversified the company's portfolio, targeting industries like electric vehicles, and communication satellites.
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Contracts
Despite the less reliable outcomes of the satellite business, government contracts could offer stability to Foxconn.