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Foxconn unit setting up cloud service with help from Nvidia

iPhone assembler looks for growth outside maturing smartphone market

Asia Pacific Telecom Chairman Lu Fang-ming, right, said his company is partnering with Nvidia to offer cloud computing services.

TAIPEI -- The Taiwanese telecom affiliate of key iPhone assembler Hon Hai Precision Industry is partnering with Nvidia to offer a cloud computing service on the island.

The move comes as the world's largest contract electronics maker, better known as Foxconn Technology Group, is looking at a saturated smartphone market and for new streams of income.

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