Foxconn Electronics (Hon Hai Precision Industry) announced on Thursday it will invest an additional USD349 million in its component manufacturing subsidiaries in China, and will issue unsecured convertible bonds with total amount not to exceed TWD12 billion (USD395.71 million) to expand its operating funds and pay off short-term loans.
Some market watchers believe that Foxconn’s frequent investments in China could be because clients have been adjusting their shipment targets; therefore, Foxconn will need to increase investment in order to make needed changes.
(Source: DIGITIMES)