Taiwan's Hon Hai Precision Industry has published its operating results for June 2011, stating that its operating revenue during the month reached NTD228.4 billion, which was about USD7.93 billion, a new height over the past six months.

Hon Hai Precision Industry plans to invest USD25 million to set up a new panel plant in Huangjiang Yuyuan Industry Park, Dongguan, Guangdong, to expand its panel business.

During Hon Hai's recent general meeting of shareholders, its chairman Terry Guo announced that the company has reached an agreement with the Ruentex Group, owner of the Taiwanese retailer Rt-Mart, to jointly expand the Chinese mainland 3C electronics market.

Terry Guo, chairman of the Taiwan-based electronics manufacturer Hon Hai Group, has announced that the company will invest NTD30 billion to build an industrial park in Haicang, Xiamen, in 2009, aiming to establish an optoelectronics industry cluster in the city.

Taiwanese electronics giant Hon Hai Precision Industry has published its financial report for the fourth quarter of 2008, and states because its customers continue to squeeze profits, the company's own net profit decreased by 65% year-on-year, though its revenue increased by 20%.

According to Terry Guo, chairman of the Taiwan-based Hon Hai Precision Industry Company, the technology manufacturing group will implement a global staff cut plan and about 3-5% of its employees will lose their jobs.

Foxconn, the Chinese original equipment manufacturer that was embroiled in controversy about working conditions two years ago at its factory that manufacturered Apple iPods, is rumored to be reducing its electronics manufacturing staff without formally declaring the cuts.