Saturday , November 28 2020

Tag Archives: Foxconn

Foxconn sold Alibaba stock again, making $121 million this time

Foxconn sold Alibaba stock again, making $121 million this time

On October 11, Hon Hai Precision announced to the exchange that its subsidiary Foxconn Ventures sold 630,000 ADS (5.04 million ordinary shares) of Alibaba. The transaction date is October 8, and the transaction price per ADS is US$295.84, and the total transaction amount is US$18638 million. According to the announcement, …

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Foxconn transfers Apple production line to India

Reuters recently released a news, reigniting the global industrial chain shift. Apple is pressing for the iPhone to be moved out of China, leading Foxconn to invest $1 billion in India to expand a factory in southern India, the source said. Foxconn elusive “Journey to India”. The news about Foxconn’s …

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