Shares of Hon Hai Precision Industry Co. soared to a record as a frenzy over artificial intelligence outweighs concerns about a sluggish recovery in the smartphone sector.
Billionaire Anil Agarwal’s plan to build a $19 billion chipmaking plant in India is floundering as his venture struggles to secure a technology partner and faces challenges in obtaining financial incentives from the government.
Hon Hai Precision Industry Co. intends to keep expanding capacity in China despite persistent disruption from some of the world’s harshest Covid control measures.