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Dec 24, 2013

BlackBerry deal bolsters Foxconn’s makeover gambit

TAIPEI/SAN FRANCISCO (Reuters) – Foxconn’s BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz) deal marks the Taiwanese firm’s biggest step up the value chain – a chance to not just assemble smartphones, but help design them, too.

The agreement to design and market phones starting in Indonesia, the world’s fourth-most populous country but an under-penetrated market, is a boon to a mega-manufacturer trying to grow its margins while making a play for a bigger slice of the global mobile devices market.

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      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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