Thursday, 22 August, 2024

Foxconn Singapore Unit Acquires $1.2 Billion Shares In Indian Subsidiary For Expansion

Foxconn’s Singapore unit has acquired $1.2 billion worth of shares in its Indian subsidiary to support expansion efforts in the country. This strategic move aligns with Foxconn's goal to strengthen its manufacturing capabilities in India, particularly in the electronics and semiconductor sectors, as it seeks to diversify its global operations and reduce reliance on other manufacturing hubs.