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On 25 February 2016, Sharp accepted a ¥700 billion (US$6.24 billion) takeover bid from Foxconn to acquire over 66 percent of Sharp's voting stock. [23] However, as Sharp had undisclosed liabilities which was later informed by Sharp's legal representative to Foxconn, the deal was halted by Foxconn's board of directors.
Foxconn Industrial Internet Co., Ltd. (Fii; Chinese: 富士康工业互联网; pinyin: Fùshìkāng Gōngyè Hùliánwǎng) is a publicly listed company that engages in the manufacture and sale of electrical equipment that includes telecommunications equipment, cloud computing equipment, precision tools and industrial robots.
It was announced that Foxconn would also invest US$50 million in the company through a purchase of common stock. [26] The Foxconn deal was finalized in May 2022, and Foxconn and Lordstown Motors created a new joint-venture, MIH EV Design LLC, to develop and produce a line of EVs. [27]
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The stock seems set up for another blockbuster year after stunning gains in 2023 and 2024. ... and Foxconn's announcement suggests that demand remains robust.
For the third year in a row, the Foxconn Technology Group has been approved for tax credits by the state Foxconn awarded $6.3 million in tax credits for meeting jobs, capital investment goals Skip ...
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities.
Foxconn, the world's largest contract electronics maker, said on Tuesday that executives from companies including Nvidia, Google and BMW will speak at its annual tech day forum next week. Foxconn ...