DIXON TECH NOW TARGETS EXPANSION BEYOND MOBILE PHONES

aspires to become one of the world's top five electronics contract manufacturers in ten years. The company seeks to expand its production of higher-margin components and IT hardware while maintaining its smartphone assembly business. Recently, it gained government approval to partner with Vivo for smartphone manufacturing. Despite growth in revenue, Dixon faces margin pressure in its core mobile business. The company is now moving into servers and defence manufacturing. It has partnered with a Taiwanese firm to manufacture optical equipment used in data centres and will open a second IT hardware plant in late November. Further, it is looking to make higher-margin components such as camera modules while expanding its smartphone and laptop production.