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Hon Hai Invests USD 145 Mln in Mainland Handset, Tablet Production

Sina Tech, 1/26/11

Hon Hai Precision Industry (2317.TW), Taiwanese manufacturer of electronics parts, components and products, and parent company of Foxconn (2038.HK; 2354.TW), announced yesterday it will invest USD 144.5 mln to boost production of handsets and tablets in mainland China.

Specifically, Hon Hai will invest USD 49 mln for a tablet production facility and USD 4.9 mln for a handset production facility, both in Sichuan province. Hon Hai will also invest USD 5.29 mln in its handset production and sales business in Jiangsu, USD 35.29 mln to build a handset production facility in Guangxi, and USD 50 mln to build a telecommunications equipment plant also in Guangxi.

Keywords: telecom equipment hardware handset Foxconn 2038.HK 2354.TW production facility Hon Hai 2317.TW tablet contract manufacturer computer investment

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