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Hon Hai to help develop new Indonesian capital – Taipei Times

News Snapshot:

Indonesia said that Hon Hai Precision Industry Co (????) is considering investing in the country’s new capital city, a move that would bolster the US$34 billion construction project. Hon Hai, which is known as Foxconn Technology Group (???????), is looking at setting up an electric bus system and an Internet of Things network at Nusantara, as Indonesia’s new capital is to be called, Indonesian Minister of Investment Bahlil Lahadalia said in a statement yesterday. Hon Hai chairman Young Liu (???) met with Indonesian President Joko Widodo on Saturday to discuss the company’s plan to invest US$8 billion to build a…

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