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Hon Hai Precision Industry ( (HNHPF) ) has provided an announcement.
Hon Hai Precision Industry Co., Ltd. has announced a significant investment in mainland China, involving a capital increase and equity purchase totaling RMB 231,945,800. This strategic move includes acquiring equity in Kore Semiconductor Co., Ltd., a company specializing in semiconductor wafer bumping and carrier board processing. This investment is part of Hon Hai’s long-term strategic plans to strengthen its position in the semiconductor industry, reflecting its commitment to expanding its footprint in the Chinese market.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a prominent player in the electronics manufacturing industry. The company is known for its production of electronic components and devices, with a significant focus on the global technology market.
See more insights into HNHPF stock on TipRanks’ Stock Analysis page.