Hai-Ya! iPhone Maker Hon Hai Invests Big in India
Hon Hai Precision Industry Co., the manufacturer of iPhones, intends to increase its presence in India by investing an additional NT$50 billion ($1.6 billion) in construction projects. The announcement in a stock exchange filing late Monday in Taiwan did not provide further details, saying only that the investment was for “operational needs.” The company’s spokesperson declined to say where the new facilities would be or what they would be built for. The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics makers continue to diversify their…
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