Hon Hai Precision

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Hon Hai built its success as a behind-the-scenes producer of consumer electronics gear for companies from Apple and Amazon.com Inc. to HP Inc. and Sony Group Corp

The figure constitutes about 5 per cent of the global revenues of a company that is the world's largest EMS player

VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively

Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development

Gold has gained 0.8% so far this week as inflationary risks and geopolitical tensions lifted demand for the safe-haven asset.

iPhone 12, according to sources in the know, will be manufactured at the Hon Hai Precision Industry (Foxconn) facility in Tamil Nadu - both for the domestic as well as well as the export market

Company is sole maker of Apple's priciest gadget

Hon Hai Precision Industry Co is seeking to reduce the amount it pays for Sharp Corp due to concerns about potential liabilities and future earnings, the Yomiuri newspaper reported. The Taiwanese company is also renegotiating terms with Sharp's lenders, according to the Nikkei.Hon Hai's investment in new equity to be issued by Sharp may shrink by 10 per cent to 20 per cent from the originally agreed 489 billion yen ($4.38 billion) as it cuts the price per share from 118 yen, the Yomiuri said, citing an unidentified person. Sharp's shares closed at 138 yen in Tokyo on Friday.Hon Hai is also in talks with Sharp's main banks, Mizuho Financial Group Inc and Mitsubishi UFJ Financial Group Inc, to reduce interest rates on 510 billion yen in credit lines and loans due at the end of March, the Nikkei newspaper reported, without saying where it got the information. The Taiwanese company may be asking the lenders to accept less than the 100 billion yen it agreed to pay them for preferred shares