Hon Hai Chairman Liu Yangwei: Investing billions of dollars in India is just the starting point

According to news from this site on August 14, on August 3, Foxconn announced that it will invest US$600 million in Karnataka, India (note on this site: currently about 4.314 billion yuan), will build iPhone cases respectively Production base for components and chip manufacturing equipment.

In addition, Foxconn also plans to invest US$194 million (approximately 1.408 billion yuan) in Tamil Nadu, India, to establish a new electronic component manufacturing facility, which is expected to create 6,000 jobs.

Hon Hai released its financial report for the second quarter of 2023 today. When answering questions about the plan to set up a factory in India at the press conference, Hon Hai Group Chairman Liu Yangwei said that if the plan is successfully implemented, then in Investing billions of dollars in India is just a starting point

Hon Hai Chairman Liu Yangwei said that although the personal computer industry is recovering slowly, as the second half of the year enters During the traditional peak season, the strength of the market recovery needs to continue to be observed. He predicted that starting from the second half of the year, artificial intelligence (AI) servers will continue to maintain strong growth, and the demand from cloud service providers will also continue to grow, but the performance of other cloud products has not yet improved

Hon Hai Second Quarterly revenue was NT$1.31 trillion, and the market forecast was NT$1.34 trillion; net profit was NT$33 billion, down 1% year-on-year, and was estimated to be NT$25.93 billion; operating profit was NT$30.9 billion, The market is estimated to be NT$33.24 billion

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