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Hon Hai’s Foxconn Industrial Internet files for an IPO in China, says it will spend $4.3B on next generation projects like cloud computing, IoT, AI, and 5G tech

“Hon Hai Precision Industry Co” writes Bloomberg News for bloomberg.com. Foxconn Industrial Internet is the first Hon Hai unit to list on a domestic exchange.Hon Hai’s annual gathering is a chance for Gou to speak about his priorities to employees and the media.The comments came a day after a Hon Hai unit, Foxconn Industrial Internet Co., said it expects to spend 27.3 billion yuan ($4.3 billion) on next generation projects and hold an initial public offering in China.
 
Source: bloomberg.com



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