Taiwan's Foxconn In Talks With Renault Over Nissan Stake: Report [Barron's]
HON HAI PRECSON S/GDR NEW (HNHPF)
NASDAQ:AMEX Investor Relations:
foxconn.com/investors_en/investors.html
Company Research
Source: Barrons
The development comes after reports on Wednesday that Nissan and local rival Honda were in talks about a merger to help them compete against Tesla and Chinese electric vehicle makers. Foxconn, also known by its official name Hon Hai Precision Industry, is the world's largest contract electronics manufacturer and builds devices for major tech companies, including Apple's iPhones. But it has been moving to diversify beyond electronics assembly, pushing into areas ranging from electric vehicles to semiconductors and servers. Taiwan's Central News Agency cited unnamed industry sources as saying Jun Seki, Foxconn's chief strategy officer for EV, had gone to France to negotiate with Renault, which owns a significant stake in Nissan. The report said Foxconn "had directly expressed" its willingness to Nissan to buy equity but after "Nissan did not agree" it approached Renault. "Seki and his team are currently negotiating with Renault in France, hoping that Renault will be willing t
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News
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- Hon Hai Technology Group (Foxconn) Honored For Investor Relations Excellence In IR Magazine AwardsPR Newswire
- Hon Hai Technology Group (Foxconn) Honored For Investor Relations Excellence In IR Magazine AwardsPR Newswire
- Hon Hai Technology Group (Foxconn) Honored For Investor Relations Excellence In IR Magazine AwardsPR Newswire
- Hon Hai Technology Group (Foxconn) Strongly Supports Space Innovation At TASTI [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The