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

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily