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Taiwan Government Approves Two Cases for Hon Hai to Invest in Mainland China

By Korbin Lan
Published: Sep 24,2014

TAIPEI, Taiwan-The MOEA Investment Commission on Monday approved two cases for Hon Hai to invest in Mainland China. The total amount is NT$18 billion and is divided between Henan Fu Tai Hua Precision Electronics’ smartphone assembly and Hong Fujian Precision Electronics’ tablet computer assembly operations.

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The investment commission stated that this times’ approval for Hon Hai is for a foreign currency export amount of US$300 million to Fu Tai Hua Precision Electronics Co. Ltd., whose main operations are wireless cellphones, telephones, cellular networks, and other wireless internet telephones as well as the manufacture and marketing of other telephone sets.

The other case for Hon Hai is for a foreign currency export amount of US$300 million to be invested in Hong Fujian Precision Electronics Co. Ltd., which is engaged in the production and marketing of tablet computers.

Hong Hai, however, has not yet explained the related investment details. However, analysts have stated that Hong Hai is continuing to develop mobile and cloud operations, and the two investment cases that were approved on Monday are for future OEM smartphone and tablet computer layouts.

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