Hon Hai Precision Industry Posts

Foxconn acquires $390 million stake in Asia Pacific Telecom

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Foxconn Technology Group, one of Apple’s largest suppliers, has acquired a $390 million stake in Taiwanese mobile telecommunication operator Asia Pacific Telecom for T$11.6 billion ($390 million) as part of a deal that would expand its presence in Taiwan’s 4G telecommunications market. Foxconn is going to pay T$20 a share for 582.9 million shares in Asia Pacific through a private placement.

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Google Inc (GOOG) is working with Foxconn on robotics projects

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Google Inc (NASDAQ:GOOG) is reportedly working with Foxconn on various robotics projects, according to sources with The Wall Street Journal. Foxconn is best known for being the manufacturing company behind iPhones and iPads. Foxconn has been working with former Android head Andy Rubin since last year to help build out his vision for robotics.
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Hon Hai Precision Industry Co., Ltd. (2317) puts together new fund for wearable startups

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Hon Hai Precision Industry Co., Ltd. (TPE:2317), also known as Foxconn Technology Group, is well-known for manufacturing Apple iPhones and iPads. Hon Hai is launching a new investment fund to finance companies that are focused on wearable computers, according to sources with Bloomberg.
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Hon Hai Precision Industry Co., Ltd. (2317) To Invest $40 Million Into U.S. Manufacturing

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Hon Hai Precision Industry Co., Ltd. (TPE:2317), also known as Foxconn, is best known for being the primary manufacturer behind iPhones and iPads.  Based in Taiwan, Hon Hai Precision Industry Co., Ltd. (TPE:2317) will now be investing $40 million in the U.S. to ramp up the manufacturing of high-end products.

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Google Inc (GOOG) Buys Patents From Foxconn

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Google Inc (NASDAQ:GOOG) has bought several patents from Apple’s supplier partner Hon Hai Precision Industry (Foxconn).  The patents are related to head-mounted technology that shows a virtual images that can be superimposed for a “real-world view.”
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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).
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Hon Hai Precision Industry Co., Ltd. (2317) Hits Revenues Of $30 Billion For Q2 2013

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Hon Hai Precision Industry Co., Ltd. (TPE:2317) has posted Q2 2013 revenues of NT$897 billion ($30 billion), which is up year-on-year even though Apple orders have slowed down.  This is a 0.6% increase from the same period a year earlier.  This figure is above expectations of an average of NT$829 billion ($27.74 billion) from 13 Bloomberg analysts.

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Foxconn Technology Co., Ltd. (2354) May Launch A Smartphone Or Tablet Of Their Own

Foxconn
There are reports that the parent company of Foxconn Technology Co., Ltd. (TPE:2354), Hon Hai Precision, will be launching a branded mobile device of their own.  Hon Hai’s first branded device will be powered by the Firefox OS on June 3rd, according to a report by Reuters.  There is a chance that Hon Hai’s first branded device could be a tablet also.

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