Taiwan-based component maker and channel player Foxlink will target retail markets of China and South Korea as its major expansion focus in 2012 as Taiwan's retail market is already approaching saturation and the company is already set to expand about 30 new stores in 2012 for China.

Through the growth from retail business, market watchers believe Foxlink's consolidated revenues will be able to grow 20% in 2012 and will have a chance to break NT$100 billion (US$3.36 billion).

Benefiting by its quickly-expanding Studio A stores across Asia, Foxlink achieved consolidated revenues of NT$82.19 billion in 2011, up 44.65% on year.

Foxlink currently has about 40 Studio A stores in Taiwan and its store expansion is expected to slow down as Taiwan's retail market is approaching saturation.