Hitachi confirms talks for deal with Foxconn

Hitachi logoRumors of talks between Taiwanese contract maker Hon Hai Precision Industry, the parent company of Foxconn, have been confirmed by Hitachi's president on Tuesday. Hiroaki Nakanishi said Hitachi needs capital to expand in the LCD panel sector, and is in talks with Hon Hai and other companies, the Wall Street Journal reported on Tuesday. Foxconn's highest-profile customer is Apple for its iPads, iPhones and Macs.

Nakanishi said Foxconn's large client base is attractive in what is a volatile market, as it eliminates one of the major risks related to investing in increased production capacity.

No agreements were reached with Foxconn or any of the other partners Hitachi is talking with, though these were not identified.

If Hitachi and Foxconn enter into some sort of an agreement, they will become one of the largest suppliers of small and midsize LCD panels in the world, with a combined share of 15.5 percent of LCDs by shipment value.

The earlier rumor asserted that Foxconn was readying to buy a majority stake in Hitachi Displays for $1.2 billion. Hitachi would use this money to build a display factory in Japan that would produce small- and medium-sized screens for Foxconn's clients.

Tags: Foxconn, Hitachi

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

 
Purported leak reveals upcoming phablet’s design
 
Google boasts of integration with Google Assistant and Google Home
 
The support team replied that some hardware limitations are leading to malfunctions
 
The retailer will allow results to appear in the Shopping section of Google’s search engine
 
Trump is seeking to lift the export ban as a "personal favor" to China
 
The company reportedly sniffed around AMD and Nvidia as potential GPU suppliers
 
 
iPhone users in the US will be able to automatically share their location with first responders
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




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)