Foxconn to invest US$1 b in China.SHANGHAI, CHINA -- Foxconn Electronics (the registered trade name of Taiwan-listed Hon Hon abbr (= honourable, honorary) → en tÃtulos Hai Precision Industry Co. Ltd.) will invest more than US$1 billion to establish a stronger presence in China, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the South China Morning Post The South China Morning Post, together with its Sunday edition, the Sunday Morning Post, is a English-language newspaper of Hong Kong, with a circulation of 104,000. quoting the Mainland government. Foxconn International Holdings Ltd., Hon Hai's mobile handset The part of the telephone that contains the speaker and the microphone. On a desktop phone, the part you hold in your hand is the handset. On a cellphone, the entire phone is the handset. See multihandset cordless and headset. unit, will invest at least US$1 billion in a plant in Huainan, Jiangsu Province. Construction is expected to be complete within the next five years, In addition, Hon Hai has also announced two smaller investments, totaling approximately US$60 million, for the manufacturing and sale of PCBs. Statements posted on the Taiwan Stock Exchange Taiwan Stock Exchange (TSEC) Established in 1961, the only centralized securities market in Taiwan. said that Hon Hai will invest US$36 million in Honghuasheng Precision Electronics in Shandong province and US$24 million in Fukui Precision Components in Shenzhen. For the first half of 2006, Foxconn Electronics posted a net profit of NT$22.75 billion, a 40% increase from the same period the previous year. Revenues stood at an all-time high of NT$533.06 billion; due to various factors including a growing business scope, rising shipments of PCs, increased sales of both electronics devices and telecom equipment. Also, Foxconn Electronic's 73% stake in the Hong Kong-listed handset maker Foxconn International Holdings has contributed significantly to its net profits. However, the slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. of IT manufacturing has caused Foxconn Electronics' gross margin to drop to 9.9% in the first half, down from 11.1% during the same period of 2005. |
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