Hon Hai Group has purchased 2.45 million shares of SK C&C, a subsidiary of South Korea’s SK Group, representing a shareholding of 4.9%. Hon Hai published a report, stating that as a long-term investment, its subsidiary Best Leap Enterprises Limited acquired 2.45 million shares of SK C&C, with the price of KRW155,500 per share. The total trading value was KRW380.975 billion, which was about CNY2.34 billion.
Hon Hai Precision Industry Co. recently made a purchase of 4.9 percent share in SK C&C Co. The Foxconn Technology Group unit, the largest in the company, is still looking to expand further. Hon Hai spent $377 million or 381 billion won for all the stocks from SK Holdings Co. That’s about 155,00 per share, according to Chairman Chey Tae-won. The Taiwanese multinational electronics seems to be bent on venturing into automation, cloud computing, as well as, electric cars. This could mean Foxconn no longer wants to depend on Apple as its main buyer or maybe the company still wants to grow.
TAIPEI, Taiwan — Terry Gou (郭台銘), the chairman of Hon Hai Precision Industry Co. (鴻海精密), the world’s largest contract electronics manufacturer, said yesterday that the company will expand its investment effort in Taiwan starting in July. With the iPhone 6 expected to be rolled out in fall, investors are upbeat about Apple contract manufacturer Hon Hai’s performance down the road, which was reflected in Hon Hai’s record-high share price yesterday.
Taipei, June 10 (CNA) The founder and chairman of Taiwan’s Hon Hai Precision Industry Co., the world’s largest contract maker of electronic goods, urged Tuesday the establishment of a “smart society” that incorporates devices with services. Addressing the Global Device Summit as part of the Mobile Asia Expo in Shanghai, Terry Gou said people need a smart and connected society because devices alone cannot meet people’s demands.
Hon Hai Group submitted a filing to Taiwan Stock Exchange which revealed that its subsidiary Ambit Microsystems Corporation will invest NTD11.64 billion to buy newly issued shares of Asia Pacific Telecom, a Taiwanese telecom carrier. The company may implement a merger with the latter in the future. Hon Hai said in the filing that Asia Pacific Telecom will issue 826.407 million new shares.
Foxconn Electronics’ (Hon Hai Precision Industry) server and data center business group has been developing fourth-generation containerized data centers with PUE (power usage effectiveness) rising to 1.25-1.30, according to industry sources. PUE is a measure of energy efficiency specifically for data centers, expressed as a ratio of total amount of energy used by a data center to energy used by the data center’s IT equipment alone, the sources indicated.
TAIPEI, Taiwan — Hon Hai Precision Industry Co. is not insisting on using equipment made by Huawei Technologies (華為) for the construction of its 4G base stations, but the government should be quick in determining whether to allow the use of Huawei’s products, Hon Hai chairman Terry Gou (郭台銘) said yesterday. Hon Hai is one of the local firms pursuing the fourth-generation (4G) mobile broadband network in Taiwan, and hopes to acquire telecommunications equipment made by China-based Huawei.
TAIPEI — Shares of Asia Pacific Telecom Co. (亞太電信) got a boost Thursday morning after Taiwan Star Cellular Corp. (台灣之星) formally announced a bid a day earlier to acquire the company, dealers said. Shares of Asia Pacific Telecom rose 7 percent, the maximum daily increase, to close at NT$17.90 (US$0.59) with 102.95 million shares changing hands. The weighted index on the Taiwan Stock Exchange ended up 0.42 percent at 8,930.90 points.
TAIPEI — Taiwan Star Cellular Corp. (台灣之星), a telecom arm of conglomerate Ting Hsin International Group (頂新), said it is seeking to acquire Asia Pacific Telecom Co. (亞太電) in a bid to consolidate the resources of the two companies. Cliff Lai, president of Taiwan Star, said his company is sitting on huge funds and has a 4G license, a broad distribution network and plenty of talent for business expansion.
TAIPEI, Taiwan — Reports emerged yesterday suggesting that Hon Hai Precision Industry (鴻海精密) and Japan’s SoftBank are among the list of likely candidates vying to acquire languishing Asia Pacific Telecom (APT, 亞太電信). According to local reports, Hon Hai intends to expend as much as NT$10 billion to acquire a 22-percent stake in APT from state-run companies and affiliates
TAIPEI–Morgan Stanley has maintained an “overweight” recommendation of shares of Taiwan-based Hon Hai Precision Industry Co. (鴻海) amid optimism toward the manufacturer’s bottom line ahead of expected launches for the next generation of Apple iPhones. Hon Hai, the world’s largest contract electronics maker and assembler of iPhones and iPads, is known as one of the “Apple concept stocks” in the local bourse.
TAIPEI — Hon Hai Precision Industry Co., the world’s largest contract electronics maker, said Friday that it has sold “a number of communications technology patents” to U.S. high-tech giant Google Inc. In a statement, Hon Hai said the sale was part of its strategy to maximize the value of its intellectual property portfolio. The intangible assets were sold through U.S.-based MiiCs & Partners, which specializes in assisting clients to design, develop and manage intellectual property programs and portfolios and package them for sale or license. Hon Hai did not disclose the financial terms or other details about the transaction.
TAIPEI–Hon Hai Precision Industry Co., the world’s largest contract electronics maker, will accelerate its efforts in transforming its business in the first half of this year as it strives to diversify from being simply a hardware manufacturer, market analysts said Saturday. They said the year 2014 will be critical for Hon Hai to extend its reach to software development through its new business model: integration, innovation, design and manufacture (IIDM), which is expected to help the company upgrade itself in a bid to provide clients with value-added services and boost its earnings.