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Doubling down on its India push, Apple’s key supplier Foxconn has invested $1.48 Bn in its Tamil Nadu-based unit amid US President Donald Trump’s diktat to the iPhone maker.
In an exchange filing yesterday, Foxconn said it bought 9,999 shares in Yuzhan Technology (India) Private Limited, its Tamil Nadu unit, at INR 10 per share, including a premium component, taking the total deal value to $1.48 Bn.
The Taiwanese electronics contract manufacturer infused the capital through its Singapore arm,…
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Doubling down on its India push, Apple’s key supplier Foxconn has invested $1.48 Bn in its Tamil Nadu-based unit amid US President Donald Trump’s diktat to the iPhone maker.
In an exchange filing yesterday, Foxconn said it bought 9,999 shares in Yuzhan Technology (India) Private Limited, its Tamil Nadu unit, at INR 10 per share, including a premium component, taking the total deal value to $1.48 Bn.
The Taiwanese electronics contract manufacturer infused the capital through its Singapore arm,…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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