Foxconn's parent company Hon Hai plans to add investment in the Czech market of CZK2.5 billion, which is about CNY657 million, by 2018. And the company will build its first European big data R&D and design center in the country.

According to reports in Taiwanese local media, Hon Hai will set up a joint venture named SafeDX with Czech's KKCG and each party will hold a 50% stake.

SafeDX will mainly provide data center and information technology solutions as well as a series of information technology services.

Hon Hai has reportedly already been operating in the Czech market for over 15 years and in 2014 Foxconn became the second largest exporter in the country with annual output of about CZK120 billion, which was about CNY31.54 billion.

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