# Foxconn subsidiary invests USD 75M in new joint venture

Foxconn Holdings BV, a subsidiary of Hon Hai Precision Industry, announced the acquisition of shares in a new joint venture company for USD 75 million.

- Type: Investment
- Announced: 2022-09-26
- Value: $75.0M
- Status: announced
- Products: joint venture shares
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foxconn](https://endata.com/companies/15170.md) (investor)
- [Hon Hai Precision Industry Co., Ltd.](https://endata.com/companies/17449.md) (investor)

## Sources

- [markets.ft.com](https://markets.ft.com/data/announce/detail?dockey=1323-15642795-6CUR1K30H13ROUA1KSDJS5BUUT), 2022-09-26: "Total transaction price: USD 75,000,000"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.