Recently, Foxconn made a significant move in the Zhengzhou Airport Economy Zone (ZAEZ) by establishing a new company, Henan Hongchuang Technology Co., Ltd. The venture is jointly formed by Hongfujin Precision Electronics (Zhengzhou) Co., Ltd., a Foxconn subsidiary holding a 75% stake, and ZAEZ Chuangtou Group Co., Ltd., holding the remaining 25%, with a registered capital of 2 billion yuan. This marks Foxconn's first joint venture with a state-owned enterprise in ZAEZ, reflecting its strong commitment to maintaining and expanding its presence in Henan and deepening its roots in the zone.
The newly established Henan Hongchuang Technology Co., Ltd. will specialize in the precision manufacturing of high-end electronic products, with the goal of becoming a benchmark enterprise in the R&D and production of high-end precision electronic components. The project is located in the Zhengzhou Xinzheng Comprehensive Bonded Zone, where a high-standard production line for precision electronic components will be established. (Chinese source: Top News Reporter: Liu HuiliCorrespondent: Xiao Ya Translator: Zhang Yahan Proofreader: Zhang Junping and Zhao Hanqing)
