Hon Hai

Apple Supplier Foxconn Announces Plans to Invest in U.S.

Taiwan-based Hon Hai Precision Co., more commonly referred to as Foxconn, has today announced its plans to invest in the U.S. "We are in preliminary discussions regarding a potential investment that would represent an expansion of our current U.S. operations," Foxconn told CNNMoney. Apple's biggest supplier, who also plays a key role in assembling iPhones, employs...

Foxconn CEO: Worker Suicides Not Related to Poor Factory Conditions

At the company’s annual shareholders’ meeting, CEO of Foxconn Technology Group Terry Gou has said that over 90% of past worker suicides were either due to personal relationships or because of family disputes, PCWorld reports. “It wasn’t because the workers were tired,” he said, while speaking about the string of suicides that brought unwanted attention to his company. Gou also...

Foxconn Reportedly Planning to Invest $1 Billion in Indonesia

Foxconn Electronics, a subsidiary of Hon Hai Precision Industry, mainly known for the assembly of Apple’s iPhones and iPads, is planning to invest $1 billion in the Special Capital Region of Jakarta, Indonesia, over the next three to five years, according to a report by DigiTimes.  Back in November, the Taiwan-based manufacturer said it might invest in a...

Foxconn Looking To Invest in a $40 Million Plant in Pennsylvania

Hon Hai Precision Industry a.k.a Foxconn, the largest manufacturer of Apple iPhones, iPads and iPod touch devices, is considering an investment of $40 million in manufacturing and research facilities in the U.S. state of Pennsylvania, Reuters is reporting. The Taiwanese manufacturer has said that it will invest $30 million over the next two years to hire 500 employees in...