Hon Hai Precision Industry Co (鴻海精密) yesterday said it has acquired the wireless telecommunications unit of Arqana Technologies BV, its latest expansion into radio frequency (RF) semiconductors to target the fast-growing markets of electric vehicles and 5G applications.
The wireless telecommunications unit would be merged with AchernarTek Inc to create a new RF developer called iCana Ltd, Hon Hai said in a statement.
The new entity would support the wireless telecommunication needs of Hon Hai and third-party customers, including applications for vehicles and 5G infrastructure, the statement said.
The acquisition furthers the company’s long-term commitment to semiconductor development, the company said, as it