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An announcement from Hon Hai Precision Industry ( (HNHPF) ) is now available.
Hon Hai Precision Industry Co., Ltd. announced that its subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, has acquired electromechanical equipment worth INR 2,863,363,170. This acquisition is to meet operational requirements and involves a transaction with Cinda Engineering and Construction Private Limited. Additionally, another subsidiary, Ingrasys Technology USA Inc., purchased land and buildings in Sunnyvale, CA, for USD 128,000,000. These strategic acquisitions are aimed at enhancing the company’s operational capabilities and expanding its infrastructure to better serve its market demands.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading company in the electronics manufacturing industry. It is known for its large-scale production of consumer electronics, including products such as smartphones, tablets, and computers. The company has a significant global presence, with a strong focus on technology and innovation in manufacturing processes.
YTD Price Performance: -4.89%
Average Trading Volume: 54,172
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $73.4B
Learn more about HNHPF stock on TipRanks’ Stock Analysis page.
