A Fortune 500 Company Increases Capital in TEDA

HongFuJin Precision Electronics (Tianjin) Co., Ltd. recently has increased its registered capital by 800 million yuan. Fuhong Cloud Computing (Tianjin) Co., Ltd. was newly established in TEDA to produce and sell ODM white label products.

HongFuJin is a subsidiary of Foxconn Technology Group focusing on the cloud computing products. The company is mainly engaged in the R&D and manufacturing of cloud computing products such as servers, memories and cabinets, and also covers the business expansion of supplementary cards, graphics cards and motherboards of car navigation, with a total of 11,500 employees.

“The capital increase of Hongfujin shows the willingness of Foxconn to take root in Tianjin and continue to expand investment. TEDA will, as always, provide high-quality and caring services for enterprises and promote high-quality development of enterprises.” a leader of Electronics & IT Bureau in TEDA said.