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©Reuters/Pichi Chuang
Taiwan's Hon Hai profit up 12.7% in 2013 on iPhone demand

Taiwan tech giant Hon Hai Precision, the world's largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple's new products.

Taiwan's Hon Hai profit up 12.7% in 2013 on iPhone demand
©Reuters/Stringer
iPhone maker Foxconn invests $40 million in US

Taiwan's Foxconn, the maker of iPhones, iPads and other electronics in China, said Thursday it would invest $40 million in the United States to ramp up manufacturing of high-end products.

iPhone maker Foxconn invests $40 million in US

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