Hon Hai contracted for advanced iPhone

Taiwan’s Hon Hai Precision Industry Co. has been awarded an exclusive contract to build a more advanced version of the iPhone, Dow Jones reports. A source familiar with the situation said Hon Hai would be the exclusive contract manufacturer for the new phone, which may well be the 3G-capable version of the iPhone, expected to launch later this year. A Hon Hai official confirmed that the company was in talks with Apple to supply a “more advanced version” of the iPhone, but declined to provide further details. Apple declined to comment on the story.