Foxconn Diversifies into Space Technology with Launch of Prototype Satellites

In a Strategic Shift, iPhone Manufacturer Aims to Cater to Growing Demand for Space-Based Communication Services

Foxconn, the world's largest producer of iPhones, has launched two prototype low-Earth orbit satellites into space from Vandenberg Space Force Base in southern California using a SpaceX rocket.
The satellites, named PEARL-1H and PEARL-1C, were co-developed with Taiwan's National Central University and are set to orbit Earth every 96 minutes at an altitude of 520 kilometers.
This move is part of Foxconn's initiative to diversify its operations and cater to the growing demand for space-based communication services, as its core businesses such as smartphones and laptops face multiple challenges.
Unlike Elon Musk's SpaceX, which has launched over 5,000 satellites for its Starlink constellation, Foxconn aims to manufacture satellites mainly for corporate and government clients.
Foxconn's venture into space technology signifies a strategic shift for the company, as it looks to diversify its portfolio and reduce reliance on traditional businesses facing numerous challenges.