Hon Hai Precision Industry Co. has $100 million of indirect exposure to SVB meltdown

  • March 15, 2023
  • Hon Hai Precision Industry Co., Apple Inc.’s main iPhone-making partner, has $100 million of indirect exposure to the SVB meltdown.
  • Capital was parked with investment funds that invested in startups that banked with the California lender.
  • Young Liu, the Chairman of Hon Hai Precision Industry Co., made the announcement.
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[Via]

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