Taiwan's Hon Hai Precision Industries (HNHAF.PK) is buying a majority stake in a Hitachi (HIT)...

|About: Hon Hai Precision Indust... (HNHAF)|By:, SA News Editor

Taiwan's Hon Hai Precision Industries (HNHAF.PK) is buying a majority stake in a Hitachi (HIT) display unit for around $1.2B. The deal will make Hon Hai the world's top producer of LCD panels, and help Hitachi continue to streamline its business.