Foxconn eyes a stake in DNeX
‘NO CERTAINTY’: Foxconn might be able to help the Malaysian company with its chipmaker, which Young Liu said was still of interest to the Taiwanese company
Bloomberg
Foxconn Technology Group (富士康科技集團) is in talks to buy a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing to it in bidding for a semiconductor company, people familiar with the matter said.
The main assembler of Apple Inc’s iPhones could take a minority stake in DNeX and help to expand the business of its chipmaker, SilTerra Malaysia Sdn, one of the people said, asking not to be identified as the matter is private.
Foxconn Technology Group is in talks to buy a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX), according to people familiar with the matter, after losing to it in bidding for a semiconductor company.
Hon Hai, Stellantis team up to form auto tech firm
DIGITAL DRIVE: The two firms aim to develop ‘innovative in-vehicle user experiences,’ and plan to supply software solutions and related hardware to interested automakers
By Angelica Oung / Staff reporter
Hon Hai Precision Industry Co (鴻海精密) and automotive manufacturing giant Stellantis NV have agreed to form a joint venture to develop “digital cockpits” that enrich the driving experience with smart technology borrowed from consumer electronics, they said in a joint statement yesterday.
The two companies have signed a memorandum of understanding to form Mobile Drive, a 50-50 joint venture aimed at bringing “innovative in-vehicle user experiences enabled by advanced consumer electronics” to Stellantis, as well as other automakers, the statement said.
Stellantis, Foxconn to announce strategic partnership detroitnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from detroitnews.com Daily Mail and Mail on Sunday newspapers.
14 May 2021, 07:05 am
Foxconn said, on Friday, May 14, that the shortage of components will be more severe in the second quarter of 2021. It comes after the iPhone maker announced that it performed better in its quarterly profits, despite the supply crisis.
In the first quarter of 2021, Taiwan s Foxconn revenue posted a whopping 45% increase, Reuters reported. The known iPhone manufacturer has the highest earnings ever in the said period.
The profits have skyrocketed amidst the problems in components supply, and the steep slow down of iPhone production in India as workers are infected by COVID-19.
(Photo : (Photo by Daniel Berehulak/Getty Images))