Focus Taiwan
Date: 01/07/2020
By: Charles Kang, Chung Jung-feng and Frances Huang

Taipei, Jan. 7 (CNA) Hon Hai Precision Industry Co., the world's largest contract electronics maker, denied Tuesday a report in an Indian newspaper that the iPhone assembler has canceled a plan to invest US$5 billion in India due to an "internal dispute" with Apple Inc., one of the largest clients of the Taiwanese manufacturer.

In a statement, Hon Hai, known as Foxconn in the global market, said the report indicating that the company and its major clients were locked in an "internal dispute" was not true.

Currently, Hon Hai said, the group is working well with its major client in India, adding that the cooperation continues, so the group's production in India is proceeding smoothly.

Nevertheless, Hon Hai said the company will regularly review its global investment plans and make adjustments to meet the needs of its clients.    [FULL  STORY]