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in Economy

Foxconn’s Hon Hai to expand footprint in India with $1.6 bn investment

by Editor November 27, 2023, 9:00 pm 999 Views

About half of Foxconn’s revenue comes from business with Apple Inc.

By Jane Lanhee Lee

IPhone maker Hon Hai Precision Industry Co. plans to expand its footprint in India with another NT$50 billion ($1.6 billion) investment for construction projects.

The announcement, made in an exchange filing in Taiwan late Monday, didn’t give any further details, saying only that the investment was for “operational needs.” A spokesperson for…

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Posted by Editor

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