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Hon Hai Precision Ind. Co Ltd plans IPO for cable and connector business-Wall Street Journal


Monday, 17 Feb 2014 07:00pm EST 

Hon Hai Precision Ind. Co Ltd:Intends to list its cable and connector unit Foxconn Interconnect Technology Ltd (Foxconn) in Taiwan in 2015 as it seeks funds for overseas expansion and new technologies-Wall Street Journal.The unit's chief executive, Sidney Lu, said in a recent interview that plans to invest in manufacturing facilities in Harrisburg, Pennsylvania, to expand into the automotive industry in the U.S.Lu declined to disclose how much Foxconn plans to raise in the initial public offering.Foxconn has already set up a small research-and-development team in Pennsylvania and also has manufacturing sites in China, as well as in Texas and California.