Foxconn Electronics, its Cayman Islands-registered subsidiary Foxconn (Far East), Singapore-based Foxconn Technology Pte. and SIO International Holdings will together acquire 3.282 billion new common shares to be issued by Sharp to expand paid-in capital at JPY88 per share and a total price of JPY388.812 billion (US$3.42 billion) for a combined stake of 66.00%, according to Foxconn Electronics.
Times of India — TOKYO: Sharp and Taiwan’s Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks said on Saturday. The two companies will hold board meetings on Wednesday to approve the deal and officially sign a deal the following day, said the two sources with direct knowledge of the talks.
Digi Times — Foxconn Electronics (Hon Hai Precision Industry) has issued a company filing with the Taiwan Stock Exchange (TSE) saying its negotiations with Sharp over a takeover deal continue, in response to various media reports indicating the company is seeking to reduce the price it would pay for Sharp by up to 20%.
Digi Times — Foxconn Electronics is undertaking its due diligence at Sharp’s factories for a planned bailout for Sharp and both sides may sign the deal this week, according to Japan-based Nikkan Kogyo. However, other media outlets are reporting that Foxconn is looking for additional support from Sharp’s creditors.
Times of India — KYO/TAIPEI: Sharp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks, a person familiar with the matter said, after the Taiwanese firm had put the deal on hold to clarify “new material information.” Sharp, a loss-making Japanese display maker, announced on Thursday it had decided to sell a two-thirds stake to Foxconn, in a deal worth an estimated $5.8 billion.
IT News — Foxconn has put its takeover of Sharp on hold after discovering previously undisclosed liabilities, sources said, throwing the acquisition in doubt and sending shares of the Japanese electronics maker tumbling. Loss-making Sharp yesterday announced it had agreed to be bought by Foxconn, a contract manufacturing firm formally known as Hon Hai Precision Industry Co and major Apple supplier.
IT News — Taiwan’s Foxconn is aiming to finalise a deal to acquire Japan’s Sharp by the end of the month, after the two firms reached a consesus on most points. Foxconn, known formally as Hon Hai Precision Industry, has been given preferred negotiating rights and most remaining issues to be resolved were legal and regulatory, Foxconn CEO Terry Gou said after meeting with executives of the struggling electronics maker over the weekend.
Times of India — OSAKA, JAPAN/TAIPEI: Taiwan’s Foxconn is aiming to finalize a deal to acquire Japan’s Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn chief executive officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co, has been given preferred negotiating rights and most remaining issues to be resolved were legal and regulatory, Gou said after meeting with executives of the struggling electronics maker on Friday.
Digi Times — Japan-based Softbank has announced it will begin selling its Pepper robots at 100 physical Softbank Shops on January 28, indicating that its production partner Foxconn Electronics has ramped up production, according to Japan-based media reports.
ZDNet — Foxconn Technology Group, otherwise known as Hon Hai Precision, has reportedly offered to purchase Japanese technology company Sharp for 600 billion yen. According to Bloomberg, Sharp is expected to respond to Foxconn’s offer before the end of January. However, a Sharp spokesperson told Bloomberg that the company does not have any comment to provide.
Datacenter Dynamics — Taiwanese electronics giant Hon Hai Precision Industry, better known overseas as Foxconn, is set to build a “medium-sized” data center in Prague, in a joint venture with local investment group KKCG. The venture will be called SafeDX and the partners will take a 50 percent stake each.
fudzilla — Foxconn and the Czech Republic-based KKCGare building a new datacente in Prague to cash in on the cloud. The joint venture will be called SafeDX and both outfits will holding a 50 per cent stake. The deal which was announced in the Chinese press is a way of getting a foot in the door of Europe without having to worry about data leaving the EU. This concern is one of the major concerns for EU regulators.
Digi Times — Foxconn Electronics and Czech Republic-based KKCG will establish a joint venture, SafeDX, with each holding a 50% stake, specifically for setting up a datacenter in Prague to provide cloud services in the Europe market, according to the Chinese-language newspaper Economic Daily News (EDN).
Digi Times — Foxconn Electronics will inject an additional capital of US$120 million into its subsidiary Icreate Investment in the Cayman Islands, according to a release from Taiwan’s Investment Commission. Icreate is an investment arm of the Foxconn Group for overseas investment projects. Foxconn did not specify the purpose of its new investment plans.
Digi Times — The production of robot products will be the major focus of the Foxconn Group’s development strategy, according to the group’s chairman Terry Gou. In addition to importing robots to China, Foxconn has also partnered with Japan’s Softbank and China’s Alibaba to push and market robot services such as Pepper worldwide.
Phone Radar — Smartron India, a technology startup based out of Bengaluru, India is all set to manufacture consumer electronics and IoT devices. The company will be partnering with Foxconn for the manufacturing the devices while the remaining aspects of the product will be under the control of Smartron. The list of devices to be manufactured includes Smartphones, Tablets, Ultrabooks, IoT devices.
Digi Times — Foxconn Electronics has stepped up its investments in the second-hand smartphone market as part of its efforts to promote environmental protection globally, according to industry sources. A subsidiary of the Foxconn Group has recently acquired a 20% stake of Bamboo Distribution, a UK-based mobile phone recovery, refurbishment and distribution specialist. The investment will allow Foxconn to step into the mobile phone recovery and recycling market in Europe and to open new revenue channels, said the sources.
Times of India — BEIJING: Contract electronics maker Foxconn plans to build a new processing base in northwest China’s Gansu province, indicating the tech giant’s further expansion on the inland market. Foxconn Technology Group, the main supplier to tech giant Apple, inked a cooperation deal with Gansu Radio and Television Network Co Ltd, agreeing to establish a joint electronics processing base in the provincial capital Lanzhou, Xinhua reported.
Digi Times — Shenzhen-based NxEra, a subsidiary of Foxconn Electronics, has set up a joint venture with a subsidiary of China Central Television (CCTV) for providing IoT-based video services, according to a media report in China. NxEra is a mobile connected cloud platform set up in 2014 focusing on development of IoT technologies for recruitment, logistics, footprint, cash flow, information flow and technology flow applications, according to company data.
Apple’s major supplier, Foxconn, plans to build solar power generators with around twice the capacity of those announced by Apple, starting in central China’s Henan province, by 2018. We hope that many other suppliers, partners and other companies join us in this important effort. Apple said it will share its best practices in procuring clean energy with its Chinese suppliers.
Digi Times — Optimizing its capital, manufacturing capability and integrated supply chain, the Foxconn Group has accelerated its entry into innovative product segments, rolling out a number of devices, including smart accessories, smart bicycles and voice-controlled small-size robots, according to industry sources.
Digi Times — Taiwan’s revenues for server motherboards, servers, storage devices and related network equipment are expected to rise 4.7% on year to reach NT$494.3 billion (US$15.28 billion) in 2015. The growth will be weaker than that seen in 2014 and 2013, as enterprises have not invested in server products as much as expected. Global server shipments are also expected to drop 6.3% from the 2014 level to reach only 9.71 million units in 2015, according to Digitimes Research’s new report on the server sector.
Network Asia — AliCloud, Alibaba Group’s cloud computing arm, has announced strategic partnerships to support start-ups and develop cloud solutions for secure data communications through quantum cryptography. AliCloud and Hon Hai’s Foxconn Technology Group have revealed a collaboration to foster small, medium and micro enterprise (SMME) success.
Digi Times — Foxconn Electronics (Hon Hai Precision Industry) has announced it will cooperate with China-based Alibaba to provide more services for their jointly established fund-raising platform for start-up companies. Foxconn will provide its design, R&D, supply and smart manufacturing abilities, while Alibaba will offer its cloud computing platform and big data processing to help start-ups manufacture high-quality products, according to the companies at a conference in China.
Digi Times — Commenting on Foxconn Electronics’ (Hon Hai Precision Industry) current plans for the 5G industry during the 12th Cross-Strait Information Industry and Technology Standards Forum, Foxconn vice president Lu Fang-ming said that Foxconn will mainly focus on small cell, remote radio head (RRH) module and Cloud radio access network (Cloud RAN) applications, looking to have in-house developed basic technologies and will then gradually push into patent and products, following cross-strait government policies.
Digi Times — TOKYO: Taiwan’s Hon Hai Precision Industry offered to buy Sharp Corp’s struggling liquid panel display business and plans to seek funding from Apple Inc, the Nikkei business daily reported. The report did not specify how much Hon Hai, also known as Foxconn, was willing to pay for the loss-making operations, but said it would seek funding from Apple, a key Sharp customer.
Asustek Computer, in addition to its existing ODM partners Pegatron and Quanta Computer, will have Foxconn Electronics (Hon Hai Precision Industry) make its ZenFone smartphones for the Brazil and India markets, and Arima Communications do so for the Indonesia market, according to Taiwan-based supply chain makers.
Digi Times — Total shipments of iPhone devices, including updated iPhones which are to be unveiled shortly, are expected to total 45-50 million units in the third quarter of 2015 and hit 70-80 million in the fourth quarter, according to sources from Taiwan’s iPhone supply chain.
Taiwan’s Foxconn Technology Group, the world’s biggest electronic component maker, known as Hon Hai in Taiwan, is in talks with German industrial group Siemens AG to develop digitalized manufacturing in its production facilities. Ken Cheng, vice president of Siemens Taiwan, said Thursday that Foxconn chair Terry Gou spent 90 minutes at the Siemens booth at the Hannover Messe trade show in April this year.
Digi Times — Foxconn Electronics (Hon Hai Precision Industry) is expected to expand its cooperation with Korea’s SK Group to include semiconductors, telecom services and energy, in addition to current cooperation focusing on IT services and ODM handset production, according to industry sources.