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Hon Hai’s Subsidiary Acquires Major Property in Houston for Operational Expansion

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Hon Hai Precision Industry ( (HNHPF) ) has shared an announcement.

Ingrasys Technology USA Inc., a subsidiary of Hon Hai Precision Industry Co., Ltd., has acquired land and buildings in Houston, Texas, for USD 142,124,461. This acquisition, covering 86.34 acres of land and over a million square meters of building space, is intended to meet operational needs, potentially enhancing the company’s logistical capabilities in the United States.

More about Hon Hai Precision Industry

Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading global electronics manufacturing company. It is renowned for its production of consumer electronics, including smartphones, tablets, and computers, and is a key supplier for major technology companies worldwide.

YTD Price Performance: -9.87%

Average Trading Volume: 65,066

Technical Sentiment Signal: Sell

Current Market Cap: $69.39B

For a thorough assessment of HNHPF stock, go to TipRanks’ Stock Analysis page.

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