Foxconn to Invests $91.6M More Across Singapore, India, Mexico

Foxconn to invests $91.6M more across Singapore, India, Mexico

Taiwan-based electronics giant Hon Hai Precision Industry (Foxconn) will invest $91.6 million in related-party capital increases across subsidiaries in Singapore, India, and Mexico, according to three filings of Foxconn with the Taiwan Stock Exchange (TWSE) this week. In Singapore, JUSDA International Limited subscribed for newly issued shares in JUSDA (Singapore) Pte Ltd. on June 22. The transaction totaled $26.47 million for 26.47 million sha…

iPhone Maker Foxconn Invests $37.2 Mn In India Subsidiary

Taiwanese electronics manufacturing giant Foxconn’s Singapore subsidiary has acquired 351.73 Mn shares in its India subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd. The company acquired the shares for $37.2 Mn (about ₹352 Cr), according to stock exchange filings. Foxconn noted in filings that the acquisition is a long-term investment funded through private capital, highlighting the contract manufacturer’s expansion plans in …

Foxconn subsidiary acquires shares in India unit for $37.2 million

Foxconn has been ramping up its presence in India significantly driven by demand from Apple but also its own '3+3+3 strategy' which looks to integrate three emerging industries, three core technologies, and three smart platforms to ensure long-term, sustainable growth for the Taiwanese contract manufacturer.