Fri, Sep. 25, 3:51 AM
- Sharp (OTCPK:SHCAY) may finally have a suitor for a stake in its liquid-crystal display business: Foxconn Technology (OTC:FXCOF).
- The latter just signed a letter of intent to buy a stake giving it managing control of the unit as the Japanese electronics maker spins it off.
- Bloomberg reports that the companies still need to complete price negotiations and due diligence, and there is no guarantee a final deal will be reached.
Mon, Sep. 21, 2:46 AM
- Taiwan's Hon Hai Precision Industry (OTC:HNHAF) is offering to buy Sharp's (OTCPK:SHCAY) struggling liquid panel display business and plans to seek funding from Apple (a key Sharp customer), the Nikkei reports.
- Tie-up talks between the two firms fell through in 2012 after the Japanese company balked at demands that would have given Hon Hai "too much control."
- Previously: Sharp weighs selling LCD business (Aug. 28 2015)
Mon, Aug. 31, 2:49 AM
- The combined effects of China's economic slowdown, a maturing smartphone industry and market volatility are sending jitters through Asian electronic-parts suppliers, which have long-relied on Chinese manufacturing muscle and consumer demand to power growth.
- Earlier this month, research firm Gartner said smartphone sales in China fell for the first time in Q2, while IDC forecasts smartphone shipments in the country to grow just 1.2% this year, down from 19.7% in 2014.
- Related tickers: SNE, OTC:SSNLF, OTC:HNHAF, OTC:PGTRF, OTCPK:SHCAY, OTCPK:LNVGY, OTC:HTCXF, OTC:FXCOF, OTCPK:PCRFY, OTCPK:BYDDY, OTC:HXSCF, OTCPK:TOELF, OTCPK:FANUF
Thu, Jun. 25, 7:39 AM
- At its annual shareholder meeting today, Apple manufacturer Hon Hai Precision Industry (OTC:HNHAF) said it was considering Chinese listings for its mainland-based units over the next three to five years, WSJ reports.
- Chairman Terry Gou said the spinoffs would likely boost the valuation of its sprawling operations in China..
Tue, Jun. 16, 7:59 AM
- Alibaba (NYSE:BABA) and Foxconn Technology (OTC:FXCOF) are in talks to jointly invest about $500M in Snapdeal.com, WSJ reports, under a potential deal that could value the Indian e-commerce startup at about $5B.
- A source said Alibaba and Foxconn decided to take a combined 10% stake in Snapdeal, though the deal still needs regulatory approval in India.
Apr. 17, 2013, 5:56 AMMicrosoft (MSFT) and Foxconn Technology (FXCOF.OB) unit Hon Hai Precision Industry have signed a global agreement that protects the latter's customers from patent claims prompted by their use of Google's (GOOG) Android and Chrome software. The deal adds to those that Microsoft, which is locked in an IP battle with Google unit Motorola, has signed with Samsung and LG. | Apr. 17, 2013, 5:56 AM | Comment!
Mar. 11, 2013, 11:17 AMMore on Apple: The ever-bullish Brian White reports his Apple Monitor, which tracks the sales of component suppliers that depend heavily on Apple (AAPL -1.1%), saw a 31% M/M drop in February, its worst performance on record for the month. Foxconn parent Hon Hai saw a 25% M/M drop. Baird's William Power, meanwhile, says his firm's semiconductor checks indicate iPhone/iPad orders are in-line with his estimates, but below consensus. White maintains an $888 PT, and Power a $465 PT. | Mar. 11, 2013, 11:17 AM | 20 Comments
Aug. 6, 2012, 5:47 AMApple (AAPL), a major Sharp customer, is probably closely watching Foxconn's attempts to renegotiate its 9.9% investment in the Japanese company after its shares plunged last week following a profit warning and fell another 5.7% today. "Apple needs Sharp," says analyst Alberto Moel. "Sharp’s capacity is large enough that if it were taken offline, it could hurt Apple." | Aug. 6, 2012, 5:47 AM | 1 Comment
Jul. 6, 2012, 3:09 AM
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