Asia Tech Wire (Aug 22) -- Taiwanese electronics contract manufacturer Hon Hai, often known as Foxconn, is investing more than $830 million in Europe, Mexico, the U.S. and India to expand its operations in the four regions.
According to notices filed with the Taiwan Stock Exchange, Hon Hai is injecting more than $830 million into four of its subsidiaries overseas in Europe, Mexico, the U.S. and India.
Specifically, Hon Hai plans to invest 180 million euros in FIT Voltaira AutoKabel Gruppe GmbH, which produces auto parts in Europe, and $253 million in U.S.-based Foxconn Assembly LLC.
It also plans to invest $241 million in FII AMC MEXICO S.DE RL DE CV in Mexico and $144 million in Hon Hai Technology India Mega Development Pvt Ltd in India.