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

  • 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.
Total
0
Shares
5/5
Join 2 million subscribers





A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
Total
0
Share