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TAIPEI - Hon Hai (TW:2317) Precision Industry Co., the world’s largest electronics manufacturing services provider, announced Friday it has invested RMB 231.95 million ($32 million) in mainland China’s semiconductor sector through its subsidiary.
The investment includes a RMB 100 million cash capital increase in Futaihua Industrial (Shenzhen) Co. and RMB 131.95 million to purchase equity in Kore Semiconductor Co., according to a company statement based on a press release.
Kore Semiconductor specializes in semiconductor wafer bumping and carrier board processing. The mainland Chinese company reported a loss of RMB 200.29 million in its latest annual financial statements, with total equity of RMB 19.7 million.
Hon Hai’s board of directors approved the transaction on Friday. The company described the investment as part of its "long-term strategic investment" plans.
The transaction involves related parties, with Hon Hai acquiring Kore Semiconductor shares from Champion Joy Co. through its mainland investment enterprise Futaihua Industrial.
This investment adds to Hon Hai’s substantial presence in mainland China. The company’s total approved investment in mainland China now stands at $12.51 billion, representing 295.24% of its paid-in capital according to its latest financial statements.
The actual investment in mainland China has reached $11.81 billion, equivalent to 278.78% of Hon Hai’s paid-in capital.
The company reported recognized profits on mainland China investments of NTD 191.55 billion in 2024, NTD 177.73 billion in 2023, and NTD 173.96 billion in 2022.
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