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Foxconn Gets Taiwan Govt Nod To Invest $2.2 Bn In US & India
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Foxconn Gets Taiwan Govt Nod To Invest $2.2 Bn In US & India
Taiwanese electronics major Hon Hai Precision Industry Co, also known as Foxconn, has reportedly secured approval from Taiwan’s ministry of economic affairs to invest more than $2.2 Bn in India and the US. A Focus Taiwan report said that a major portion, $1.49 Bn, will be routed through Foxconn’s Singapore-based subsidiary into Yuzhan Technology (India) Private Limited, another Foxconn entity. The capital will be used to set up a new manufactur…
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