Hon Hai Precision Industry Co., the world’s largest contract manufacturer for consumer electronics, said it will invest 37.5 billion yuan (US$5.74 billion) to expand its facilities in Nanjing city, turning it into the largest smartphone assembly on the planet and a hub for research and developmen
Hon Hai Precision Industry Co., Ltd. (trading as Foxconn) is the world's biggest maker of electronic components. Primarily an original equipment manufacturer, its clients include major some of the world’s best known electronics and information technology companies, and products manufactured at its plants include iPads, iPhones, iPods for Apple, Kindles for Amazon, PlayStations for Sony and Xboxes for Microsoft. Foxconn has been involved in several controversies, largely over employee relations in China after a series of suicides and accidents. In 2012, Apple hired the Fair Labor Association to conduct an audit of working conditions at Foxconn.