Foxconn says no plan to split company

Foxconn logoIn the wake of reports about Foxconn Electronics (Hon Hai Precision Industry) planning to split into three businesses, the EMS giant has noted that such issues need careful evaluation and the company currently is not processing any plans concerning these issues.

Foxconn has been said to be planning to spin off its current businesses into three major groups to be put under control of a holdings firm.

In a filing with the Taiwan Stock Exchange (TSE) on March 17, Foxconn expressed "gratitude" for the media's interests in the issues.

The response was much milder than the company's typically stern dismissal of rumors.

According to a Chinese-language Next Magazine report, one of the groups will include Foxconn's chassis and connector manufacturing businesses, as well as its R&D team for fully-automated production plant projects and software. All the businesses in this group will remain in Taiwan.

Another group will include Foxconn's channel retailing business and OEM for products such as consumer electronics and network device in China. This group will mainly focus on the China market and Foxconn will set up an operation center in China, the magazine noted.

The third group will mainly focus on optoelectronics and monitor businesses as well as LCD TV OEM and LED R&D. It will stay in Taiwan initially, the magazine pointed out.

Foxconn also plans to venture into the green energy, medical and biomedical sectors.

Source: DIGITIMES

Tags: Foxconn

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)