Hon Hai Precision Industry Co., Ltd. (2317) May Launch Phones & Tablets For 7-Eleven

Foxconn Building
Hon Hai Precision Industry Co., Ltd. (TPE:2317), the manufacturing company known as Foxconn, may start building smartphones and tablets for 7-Eleven in Taiwan.  The development of these products is an extension of the partnership between Hon Hai Precision Industry Co., Ltd. (TPE:2317) and 7-Eleven Taiwan.  Hon Hai previously built web-enabled TVs for 7-Eleven Taiwan and sold over 10,000 TVs in 6 weeks.  These TVs were not sold in 7-Eleven stores, but they can be bought on 7-Eleven’s website.  The 40-inch TV is priced at NT$2,888 ($430), the 60-inch TV costs NT$39,900 ($1,333), and the 70-inch TV costs NT$69,900 ($2,336).

Hon Hai Precision Industry Co., Ltd. (TPE:2317) launched their TV assembly business in 2008 and has been expanding their operations ever since.  Hon Hai Precision Industry Co., Ltd. (TPE:2317) acquired the manufacturing facilities from Sony Corporation. 

Hon Hai also acquired a 50% stake in Sharp Corporation’s advanced panel-making plant in Sakai, Japan.  The most advanced panels that are made in the Sakai plant will be used in the 7-Eleven branded TVs.

[Image Credit: HotHardware]

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