Key Apple Supplier Foxconn Ropes Taiwan Semiconductor Chip Veteran For Newly Created Role - Hon Hai Precision (OTC:HNHPF)

Hon Hai Precision Industry Co Ltd HNHPF, operating as Foxconn, has appointed chip industry veteran Chiang Shang-Yi to the semiconductor strategy officer role.
In this newly created role, Dr. Chiang's rich experience in the semiconductor industry will provide Hon Hai invaluable support for the Group's global semiconductor deployment strategy and technical guidance.
Dr. Chiang has been one of the most influential champions of Taiwan Semiconductor Manufacturing Company Ltd's TSM technology development from micron generation to nanometer generation.
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Foxconn, the world's largest contract electronics maker, is best known for assembling Apple Inc AAPL iPhones and other Apple products. However, in recent years it has been expanding into chips to diversify its business.
Chiang previously worked as vice president of research and development at TSMC, Reuters reports.
He was more recently the vice chairman of Semiconductor Manufacturing International Corp, China's largest and most advanced chipmaker.