Hon Hai unit to build plant in India for iPhone partsStaff writer, with CNAFoxconn Industrial Internet Co (FII, 富士康工業互聯網), a subsidiary of Hon Hai Precision Industry Co (鴻海精密), is to build a factory in a southern Indian state to make iPhone components, a Karnataka official said. Patil posted photos showing him meeting with FII chief executive officer Brand Cheng (鄭弘孟) and his team to discuss the investment. FII is expected to produce components such as screens and casings in India to be used in iPhone assembly, Indian daily the Deccan Herald recently reported. Separately, Hon Hai has invested NT$15 billion (US$483.93 million) to set up Foxconn EV Singapore Holdings Pte Ltd, that an industry source close to the investment said is aimed at electric vehicle (EV) development. The company said in a regulatory filing on Monday that establishing the subsidiary in Singapore is a long-term investment.

Source: Taipei Times July 18, 2023 17:53 UTC