Apple supplier Foxconn ups its investment proposal in Telangana to $550 Mn
Taiwan-based contract manufacturer Foxconn is Apple's biggest supplier."…FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.
Electronics major Foxconn Interconnect Technology in May laid the foundation for a new electronics manufacturing facility in Telangana as part of its investment in the state. Photo: Reuters/Representational