There’s a good chance Hon Hai Precision Industry went into making parts of how you’re reading this right now. Or, perhaps, how you scrolled through Facebook or Twitter earlier. The electronics manufacturing company, based in Taiwan, makes Apple iPhones, iPads, iPods, Blackberry, Amazon’s Kindle, Sony Playstation 3 and 4, Microsoft’s Xbox One, Nintendo 3DS, and Nokia devices. It’s the largest electronics manufacturer with the world, but that doesn’t make it indestructible. Hon Hai, which is listed as Foxconn, has had a rough year on the stock market. Despite the market drop, Hon Hai rose three spots on the Global 500.
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News about Hon Hai Precision Industry
China’s largest tech firms join other major names that are buying into the unit of Hon Hai Precision Industry.
The deal will require regulatory scrutiny.
Republicans say a proposed plant will bring jobs, critics say it's rushed and could be damaging.
Along with its supplier Foxconn.
A failure to complete the sale, approved today, could wipe out shareholder equity.