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Hon Hai Precision Industry ( (HNHPF) ) has provided an update.
Hon Hai Precision Industry Co., Ltd. has announced plans to invest NT$8.5 billion in Europe to establish an advanced packaging and testing plant, as well as to venture into satellite manufacturing. This strategic move is expected to enhance Foxconn’s operational capabilities and expand its footprint in the European market, potentially strengthening its position in the electronics manufacturing industry and offering new opportunities for stakeholders.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., commonly known as Foxconn, is a leading player in the electronics manufacturing industry, specializing in the production of electronic components and products. The company is renowned for its large-scale manufacturing capabilities and is a key supplier to major technology firms globally.
Learn more about HNHPF stock on TipRanks’ Stock Analysis page.