Entries with tag hon hai precision industry.

Foxconn Moves into Telecommunications Services

Electronics maker Foxconn Technology Group of Taiwan is buying roughly 15 percentof Taiwanese mobile carrier Asia Pacific Telecom. In New Taiwan dollars, Foxconn is paying NT$11.6 billion (about $390 million), according to recent regulatory filings. The transaction—expected to be finalized 20 June 2014—is expected to help Foxconn establish a substantial market share in Taiwan’s emerging 4G-wireless market. Taiwan’s government awarded a 4G operating license to the company, which expects to offer services later this year. Foxconn—also known as Hon Hai Precision Industry—is best known in the US as the contract manufacturer for Apple products. The company is diversifying into other new markets, including software and cloud computing. (Reuters)(ZDNet)

Chinese Plant Reopens with Increased Security after Riot


Security guards in riot gear have been reported at a Chinese plant where iPhones are assembled. The facility closed after a major worker disturbance on Sunday. Reports say the guards have been patrolling the Foxconn Technology Group assembly plant in Taiyuan, China, which makes components for many electronics companies worldwide. The facility, which employs about 79,000 workers, closed after an incident escalated into a 2,000-worker riot Sunday. Investigations into the unrest’s origin reportedly are ongoing. Foxconn says it won’t delay any of its shipments because of the recent events. The company, also called Hon Hai Precision Industry, has been under increased international scrutiny recently for its treatment of workers. (Bloomberg Businessweek)(CNET)(The Wall Street Journal)(Bloomberg News @ The Los Angeles Times)(Computing Now NewsFeed – 24 September 2012)

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