The latest update is out from Hon Hai Precision Industry ( (HNHPF) ).
Hon Hai Precision Industry’s subsidiary, Foxconn Assembly Holding Corporation, has acquired 3.6 million common shares of Q-Edge Corporation for a total of USD 36 million. This acquisition, funded through self-owned resources, is part of a long-term investment strategy and results in Foxconn holding 100% of Q-Edge’s shares, indicating a strategic move to strengthen its market position and expand its investment portfolio.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading player in the electronics manufacturing industry. The company specializes in the production of electronic components and products, serving major technology firms worldwide. It is renowned for its large-scale manufacturing capabilities and is a critical supplier in the global technology supply chain.
Average Trading Volume: 64,469
Technical Sentiment Signal: Hold
Current Market Cap: $67B
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