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Contract Manufacturer Foxconn Invests in Cyanogen

Contract manufacturer Foxconn has taken a strategic investment in Cyanogen, a Palo Alto, Calif., company that makes an alternative version of Google’s Android mobile operating system. The Chinese company, which makes devices for Apple and other major consumer electronics brands, joined in an $80 million round of Series C financing. Cyanogen said it plans to use the money to hire people and accelerate the development of its software.

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