Preface

Today, Industrial Internet (Fii), a subsidiary of Foxconn (2317-TW), announced a capital infusion of 725 million RMB (approximately 3 billion TWD) into its subsidiary in Shenzhen. The investment, made through Fulian Yu Exhibition Technology (Henan), will fund the creation of an innovative research and development center for precise smartphone components. The strategic move aligns with Fii's broader development goals and shareholder interests.

Lazy bag

The capital increase will support the creation of a cutting-edge R&D Center for smartphone components, emphasizing lightweight design, environmental sustainability, and smart detection. Completion is expected by December 2026.

Main Body

Industrial Internet (Fii), Foxconn's prominent subsidiary, recently declared a significant capital enhancement for its Shenzhen branch, amounting to 725 million RMB or approximately 3 billion TWD. This financial boost is strategically intended for the development of a state-of-the-art R&D center aimed at advancing smartphone componentry. The intricate project will delve into sophisticated areas such as precision crafting for superior aesthetics, weight optimization, environmentally friendly processes, folding technology, and intelligent detection capabilities.

This capital injection follows board decisions made on April 29, opting to redirect remaining funds from a terminated high-performance data center project towards this new venture. The reallocation underlines Fii's commitment to harnessing valuable resources more effectively and adapting to shifting industry demands.

Slated for completion by late 2026, the 'Next Generation Precision Smartphone Components R&D Center' is envisioned to drive forward-thinking innovations in the smartphone market. Emphasizing superior build quality, the center will explore diverse applications like smart detection and eco-friendly manufacturing methodologies, reflecting a symbiotic relationship between advanced technology and environmental stewardship.

Beyond mere financial implications, this investment positions Fii to capitalize on emerging trends within the smartphone sector, potentially setting new industry benchmarks while meeting evolving consumer expectations. Moreover, the move strengthens Fii's financial base, enabling it to deliver on project objectives effectively and fulfill shareholder expectations.

Key Insights Table