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 Apple Supplier Foxconn

Taiwan’s tech large Hon Hai mentioned Thursday it plans to speculate round TWD 80 billion ($2.6 billion, roughly Rs. 16,149 crores) for a new smartphone show facility on the island, reportedly to manufacture mainly Apple products.

Hon Hai founder Terry Gou stated the corporate and its unit, flat-panel maker Innolux Corp., will jointly put money into the ability in southern Kaohsiung metropolis for you to produce shows used in smartphones.

“We hope to make mobile phones here. Innolux is lacking within the space of small and medium-sized panels … The whole amount is around TWD 80 billion however may go as much as TWD a hundred billion,” Gou stated in comments aired via local tv.

The Taipei-primarily based China occasions and economic day by day news stated that the facility will primarily manufacture Apple merchandise reminiscent of iphone.

Apple Supplier Foxconn Plans New Display Facility in Taiwan

Hon Hai, sometimes called Foxconn, is the world’s largest computer parts manufacturer and assembles merchandise for Apple including the iphone sequence as well as Sony and Nokia.

The company pronounced remaining week that web profit in the 1/3 quarter rose 11 % year-on-yr to TWD 34.09 billion, whereas revenue was once up 3.4 % on-yr to TWD 950.49 billion.

Just about half of Hon Hai’s income is generated by means of orders from Apple, which mentioned final month it bought 39.3 million iphone within the three months ending September 27, up 16 % from the identical length a yr past.