Foxconn to pour $58M more in Vietnam subsidiary for long-term investment
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Foxconn, also known as Hon Hai Precision Industry, will invest an additional $58.3 million in its Vietnamese subsidiary, Fushan Technology (Vietnam), raising its total investment to approximately $226 million. This investment is part of Foxconn's long-term strategy to enhance its manufacturing presence in Vietnam, particularly in Bac Ninh province, where it has invested a total of $4 billion since 2007. Fushan Technology specializes in manufacturing mobile phones, smartwatches, and other electronic products. Foxconn's CEO emphasizes Vietnam's importance as a production hub and innovation center.
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