Hon Hai increases investment in Qingdao New Core Technology, with investment amount reaching RMB 100 million

Hon Hai Group recently announced that it will increase its investment of RMB 100 million in New Core Technology, located in Qingdao, Shandong, China, through its subsidiary Industrial Foxconn. Qingdao New Core Technology is mainly engaged in semiconductor wafer bumping and substrate processing and manufacturing. The company was established in July 2020 with a registered capital of approximately RMB 508 million. It mainly focuses on semiconductor testing and packaging, packaging and testing equipment, and software and hardware research and development. Currently, Qingdao New Core Technology's monthly production capacity is estimated to be 30,000 pieces.