The Foxconn Group has announced plans to invest US$260.718 million to set up two new subsidiaries and add investments in five existing subsidiaries in China.
The two new subsidiaries would come in Chongqing (Western China) and Huizhou (Southern China) and the investments made will be US$15 million and US$50 million, respectively. The main product line would be switches, routers, PCs, tablet PCs, handsets and PCBs. The Group already has subsidiaries in Zhengzhou, Chengdu, Huai-an and Shenzhen and it would add more investments to them.
