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Hon Hai to invest in innovative start-ups in northern California

by Qibo Yang last modified 2018-07-11 14:35

Los Angeles, July 6 (CNA) Terry Gou (郭台銘), chairman of Taiwan-based manufacturing giant Hon Hai Precision Industry Co., said Friday that his company is planning to invest in the San Francisco Bay Area in northern California, as he is upbeat about the outlook of innovative start-ups.

Speaking at Stanford University, which is perceived as the heart of Northern California's Silicon Valley, Gou said that Hon Hai, known outside Taiwan as Foxconn, will pour funds into start-ups aiming to develop new technologies, such as artificial intelligence (AI) and big data, in the Bay Area.

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