TAIPEI–Hon Hai Precision Industry Co., the world’s largest contract electronics maker, posted a record high in sales in 2014, with market analysts attributing the growth to an increase in orders from U.S. consumer electronics giant Apple Inc. The strong sales for 2014 are expected to help Hon Hai break a record in net profit, analysts said.
With Internet of things (IoT) applications growing popular, many Taiwan-based ODMs and EMS providers are planning to establish fund-raising platforms to attract partnerships with designers worldwide, according to sources from the upstream supply chain. Foxconn Electronics (Hon Hai Precision Industry) established the kick2real website in April, while Quanta Computer is also considering establishing a similar platform.
Due to the fast sales of Apple’s new products, Hon Hai achieved combined operating revenue of NTD468.999 billion, which was about CNY94 billion, in October 2014, representing a year-on-year increase of 22.58% and an increase of 12.9% compared with September 2014. Hon Hai revealed that its combined operating revenue in October 2014 was the second highest monthly revenue in the company’s history, which was only second to its NTD490.931 billion revenue in December 2013.
TAIPEI–Telpa, a Turkish mobile phone supplier, is planning to work with Taiwan-based high-tech giant Hon Hai Precision Industry Co. (鴻海) to roll out mobile phones and tablet computers in Turkey, according to Reuters. Cited in the report, Telpa Chief Executive Sebahattin Yaman said that while Hon Hai, also known as Foxconn, plans to invest in Turkey to produce cellphones and tablets, the Taiwanese firm is also considering moving production of other gadgets to the country.
TAIPEI — Analysts on Tuesday attributed the 10-percent month-on-month sales rise posted in October by Hon Hai (鴻海) Precision Industry Co., the world’s largest contract electronics maker, to rising orders from Apple Inc. Hon Hai, which assembles iPhones and iPads for Apple, has been dubbed one of the most important “Apple concept stocks” in the local market as the U.S. consumer electronics giant accounts for more than 40 percent of Hon Hai’s total sales.
TAIPEI: Hon Hai Precision Industry Co Ltd said Friday it was reviewing its investment plans after media reports said the major Apple Inc supplier may invest up to US$5.7bil (RM18.69bil) in a factory to make smartphone displays in China. On Thursday, The Wall Street Journal reported that Hon Hai was in talks with the government of Zhengzhou, in Henan province, about investing as much as 35bil yuan (RM18.76bil) in a new factory that would make high-end screens for iPhones and other mobile devices.
TAIPEI–Asian tech giants are fast-rivaling their Western counterparts, with Taiwan’s Hon Hai (鴻海) Precision Industry Co. an example of that rising power, according to an article posted on the Forbes website. “Call them copycats if you want, but the Asian tech giants from South Korea, Taiwan and China are fast becoming the new Ciscos and IBMs of the world,” according to the article published Oct. 5.
Terry Gou, chairman of Hon Hai Group, announced that the company will invest over CNY5 billion in Shanxi to develop the electric car industry. Gou revealed that in 2014, Foxconn’s output in Shanxi will surpass CNY60 billion and the company already has 100,000 employees in this province. The company is expected to invest over CNY5 billion in Shanxi to develop the electric car industry by using the province’s rich energy resources.
TAIPEI–Taiwan Semiconductor Manufacturing Co. (TSMC), Hon Hai Precision Industry Co., and MediaTek Inc. ranked as the three largest research and development spenders among the manufacturers listed on Taiwan’s main board and the over-the-counter (OTC) market in the second quarter of his year, according to the Ministry of Economic Affairs (MOEA). Citing statistics, the MOEA said that the TSMC, the world’s largest contract chip maker, spent NT$13.6 billion (US$453 million) in R&D expenses during the April-June period, topping R&D spending rankings among Taiwan’s listed manufacturers.
TAIPEI: Taiwan’s tech giant Hon Hai Precision Industry, a major supplier to Apple, said Wednesday that its net profit in the three months to June rose almost 19%. Net profit in the second quarter was Tw$20.19bil (RM2.14bil), compared to Tw$16.98bil (RM1.8bil) in the same period the previous year and Tw$19.54bil (RM2.07bil) in January-March. Hon Hai — the parent company of Foxconn in China — said in a statement that sales in the second quarter eased to Tw$879.1bil (RM93.25bil), down 1.8% year-on-year.
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