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The latest announcement is out from Hon Hai Precision Industry ( (HNHPF) ).
Hon Hai’s subsidiaries have approved a series of related-party leases to secure long-term factory capacity in the US and China, underscoring the group’s continued investment in its global production footprint. Q-Edge Corporation will acquire right-of-use assets for two factory buildings in Houston, Texas, via a lease from affiliate Ingrasys Technology USA, covering 426,203 square feet through mid-2035 at total contracted rent and fees of about US$32 million, reflecting a move to reinforce Foxconn’s manufacturing and logistics presence in the US market. In parallel, FuTaiHua Industrial (Shenzhen) and other Shenzhen-based affiliates have entered leases with group companies for multiple buildings in Foxconn Technology Park, securing roughly 164,000 square meters of factory space with total right-of-use assets of about RMB 52.45 million under terms running mainly through 2027; these transactions, aimed at operational needs and group resource integration, highlight Foxconn’s continued consolidation and optimization of capacity within its Chinese manufacturing hub while keeping control of key production real estate within the group structure.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., better known globally as Foxconn, is a leading Taiwanese electronics manufacturing services provider and the world’s largest contract manufacturer of electronics. The group operates extensive factory networks across China, the US and other regions, producing consumer electronics, components and related products for major global brands, with a strategic focus on high-volume, cost-efficient manufacturing and integrated supply chain management.
See more data about HNHPF stock on TipRanks’ Stock Analysis page.