Hon Hai Precision, commonly known as Foxconn, has revealed that its Indian business has already hit roughly $10 billion annually through its 30 factories. This information was shared in an analysts call following the announcement of the company’s second quarterly financial results in Taipei on Monday.
The figure constitutes about 5 per cent of the global revenues of a company that is the world’s largest EMS player.
Hon Hai CEO and chairman, Young Liu, said the company will be investing over $2 billion in India. “I was in India for the Semicon India summit last month and there was excitement