Foxconn Technology Group (富士康科技集團) is facing a battle of talent in Vietnam as major suppliers to Apple Inc continue to shift some capacity from China to the Southeast Asian country amid prolonged tensions between Beijing and Washington.
Hon Hai Precision Industry Co (鴻海精密) chairman Young Liu (劉揚偉) said the company’s Chinese rivals in Vietnam have set up operations near its campuses to poach its employees.
Hon Hai is known globally as Foxconn Technology Group.
“The move shouldn’t be condoned,” Liu told reporters in Taipei on Saturday, without naming any companies.
Three of Foxconn’s China-based competitors are now in Vietnam: Luxshare Precision Industry Co (立訊精密)
Tatung Co (大同) is to terminate production of traditional electricity meters today and focus on the fast-growing “smart meter” market, in one of its greater efforts to transform itself into a profit-making company, it said yesterday.
The company said it has manufactured 18.4 million mechanical electric meters since it produced the first unit in 1954. Tatung was the nation’s first company to tap into the mechanical electric market and spearheaded the production of smart electricity meters in Taiwan in 2008.
“Tatung will devote itself to expanding its presence in the world’s smart meter market, which is expected to grow to US$55.7 billion
GlobalWafers Inc (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday reiterated its positive outlook on business until 2025, as customers continue to show a strong interest in securing wafer supply by signing long-term supply agreements (LTAs).
The Hsinchu-based company saw prepayments from LTAs swell to a record NT$33.11 billion (US$1.12 billion), up 15 percent from the end of last year, undeterred by growing uncertainty about macro environmental risks including impact from COVID-19 lockdowns, the Russia-Ukraine war, rising interest rates, and higher energy and freight costs.
“We continue to sign LTA contracts, especially for larger diameter wafers and advanced products, with 300-millimeter
Hon Hai Precision Industry Co (鴻海精密) on Friday said that it plans to purchase 70 million kilowatt-hours (kWh) of green energy by 2030, after the world’s largest contract electronics manufacturer signed an agreement with Foxwell Power Co (富威電力) to buy 2.36 million kWh of green electricity this year.
Foxwell is a subsidiary of solar power supplier Shinfox Energy Co (森崴能源), which is under the corporate umbrella of Cheng Uei Precision Industry Co (正崴精密), an affiliate of Hon Hai.
Hon Hai said it would increase the amount of green energy it buys every year to reach a total of 70 million kWh by
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