Foxconn, one of the largest suppliers of Apple, has purchased machinery and equipment for operations in India from an subsidiary of Apple in the past year.
According to Bloomberg, the announcement submitted by Fuji Kang's parent Hon Hai Group in the Taiwan Stock Exchange stated that Indian subsidiaries acquired the machine and equipment of Apple Operations LTD. to meet operating needs.This batch of machines and equipment is worth $ 33 million (about $ 43.77 million).
The announcement rarely reveals the transactions of Foxconn and its largest customers, which may help to raise funds for the cost of the acquisition of the iPhone for Foxconn; it also shows that Foxconn has accelerated the pace of expansion in India.
Earlier, Hon Hai Group announced the withdrawal from the semiconductor joint venture formed with the Vedanta Group (Vedanta Group), but emphasized that Hon Hai still supports the Indian government's "Indian manufacturing" vision.
Hon Hai Group announced in September last year that he signed a memorandum of cooperation with Wenda, set up a semiconductor wafer plant, and invested 19.5 billion US dollars (about 26.2 billion yuan).12 -inch wafers.
