Taipei Times | December 28, 2010
Hon Hai Precision Industry Co (鴻海精密) shares gained in early Taipei trading after a Nikkei Shimbun report that the world’s largest contract manufacturing service firm for electronics and communication products plans to acquire control of a LCD venture between Japan’s Hitachi Ltd and Canon Inc for ￥100 billion (US$1.2 billion).
The stock advanced 0.4 percent to NT$117.50 as of 9:04am. The stock ended unchanged at NT$117 yesterday.
The companies are in final negotiations for Hon Hai to acquire ￥50 billion in each of two private offerings from the venture over the next two years, dropping Hitachi’s stake to 30 percent from 75.1 percent, according to the report.
The unit, Hitachi Displays, will use the funds to build a plant in Japan that will start operations in 2012, doubling the unit’s capacity, the report said.
…
Read full article here via Taipei Times
Hon Hai to buy Japanese LCD venture: newspaper
ABOUT AUTHOR
Jump to Article
What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants