Foxconn, the world's largest producer of iPhones, has launched two prototype low-Earth orbit (LEO) satellites in partnership with SpaceX. The launch of these satellites is a significant moment for Foxconn as it diversifies into new sectors amid struggles in its established businesses. The company aims to tap into the growing demand for communications from space and believes it can cater to corporate and government clients. The satellites, developed with Taiwan's National Central University, are backpack-sized and carry cameras, communication devices, and other equipment.
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SIP flows scale Rs 20,000 crore mark 1st time
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