Hon Hai said that sales were mainly driven by its corporate products segment, followed by electronic components, and communication and consumer electronics businesses. Hon Hai, known as Foxconn Technology Group (富士康科技集團) internationally, broke its commitment to invest about US$5 billion in Maharashtra state, the papers said, citing Maharashtra Minister for Industries and Mining Subhash Desai. The investment was previewed by a memorandum of understanding signed between Hon Hai and the state government in 2015, the reports said. Hon Hai owns a plant in Tamil Nadu, near Chennai, where it assembles Apple’s iPhone XR, and has another plant in Sri City, where it makes mobile phones for China’s Xiaomi Corp (小米). However, Hon Hai yesterday denied having a dispute with its US client, adding that its investment in India is going smoothly.
