Hon Hai Precision Gets Taiwan's Nod for Over $2 Billion Overseas Investment

MT Newswires Live06-25

Hon Hai Precision (TPE:2317) secured regulatory approval for over $2.2 billion in overseas investments, the Department of Investment Review under the Ministry of Economic Affairs reported Tuesday.

Shares gained nearly 1% on Wednesday's afternoon trade.

The investments include $1.5 billion for a smartphone component plant in India via its unit Yuzhan Technology (India) Private, and $735 million for a new US server and data center unit project in the US called Project ETA (DE).

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