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Hon Hai the Apple Component Assembler Considering Investing in China Units and Sharp

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Published on : Jun 25, 2015

Hon Hai Precision Industry Co., the main assembler of Apple Inc. products, is considering Chinese listings over the next few years for its mainland based units according to the chairperson of the company.

Chairman Terry Gou commented during the annual shareholder meeting at the company headquarters in Taipei that Hon Hai was interested in investing in Sharp Corp. The Sharp Corp. shares had fallen dismally due to low earnings. 

Hon Hai also known as Foxconn had a 10% stake agreement in the impoverished Japanese company for 66.9 billion yen but the deal did not come through in 2012. But Foxconn has been trying to win over the Japanese press to get through the deal with Sharp which is well known for its liquid crystal display technology.

Mr Gou said that they would wait till the Japanese government is comfortable with the investment as the employees at Sharp were happy with the bonuses when Foxconn turned around the Sakai plant operations. The advanced panel making plant at Sakai had been acquired at a 50% partnership stake in 2012.

Hon Hai assembles a major share of global consumer electronics including Sony PlayStation game consoles, Sharp televisions, Apple iPhones and iPads. The company also makes state-of-the-art components used in automated teller machines and automobiles. 

During the previous two years Hon Hai had been involved in many successful operations including the Eson Precision casing and mechanical component unit and with the ShunShin Technology the wireless chip packaging unit and Advanced Optoelectronic light emitting diode component unit.

On Thursday, the company shareholders had approved the plan to increase its dividend from 1, 80 New Taiwan dollars to 3.80 New Taiwan Dollars.

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