Thursday, July 19, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Corning Gorilla Glass 6 Promises Improved Durability for Mobile Devices
Samsung's Foldable Phone Coming Next Year, WSJ Claims
Microsoft Could Release New Xbox Hardware Next Month
European Commission Fines Google $5 billion For Illegal Practices Regarding Android Devices
Sony Releases New SXRD Full HD Reflective LCD and Signal Processing Drive LSI for Portable Projectors
Roxio Toast 17 Adds MultiCam Editing
MediaTek Introduces New Helio A Series Chipset Family for Affordable Smartphones
IBM Backs Stronghold Digital Stable Coin
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Foxconn...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 20, 2018
Foxconn to Further Expand in the U.S. Market Though Vizio


Hon Hai Precision Industry and its LCD panel subsidiary Innolux will buy stakes in North American television brand Vizio, the Taiwanese companies said Wednesday.

Hon Hai, known as Foxconn Technology Group, will acquire a 3.1% stake in Vizio for $24.99 million while Innolux purchases 4.14% of the TV brand for $44.99 million, the two firms' filings with the Taiwan Stock Exchange show.

The strategic investment in Vizio ensures Innolux steady shipments to the TV brand over the long term, Jim Hung, Innolux special assistant to the chairman, told reporters Wednesday ahead of the company's announcement. "This will also help mitigate the industry oversupply volatilities," he said.

Innolux resumed assembling televisions last year, and its clients include Foxconn-controlled Sharp.

Vizio shipped 5.65 million TVs last year for a global market share of 2.7%, Taipei-based market researcher WitsView says.

Next week, Foxconn will hold a groundbreaking ceremony at its $10 billion LCD plant in Wisconsin.

Foxconn is trying to integrate resources of Sharp and Innolux. Sharp has LCD technologies, and Innolux has good manufacturing capability.



Previous
Next
Instagram Unveils 10-Minute Videos, Reaches 1 Billion Monthly Users        All News        Microsoft Releases Microsoft News App For Windows 10, iOS and Android
Bose Noise-Masking Sleepbuds Will Help You Sleep     Consumer Electronics News      Amazon Alexa Will be the Room Service in Marriott Hotels

Get RSS feed Easy Print E-Mail this Message

Related News
Foxconn's Q1 Profit Declined
VIZIO Launches Its 2018 TV and Sound Lineup
Foxconn Buys Belkin International
Foxconn to Focus On Display and 8K Camera Manufacturing
Foxconn to Invest $340m in AI venture
iPhone Assembler Hon Hai to Get OLEDs from Sharp
Apple Confirms Student Personnel Worked Overtime For Hon Hai on iPhone X plant
Delay of iPhone X production Had an Impact in Foxconn's Earnings
Foxconn, Apple, and SoftBank Pursue Acquisition of Toshiba Memory Unit
Foxconn Announces U.S. Manufacturing Plant in Wisconsin
Vizio Files Fraud Lawsuit Against China's LeEco Following Merger Failure
Foxconn Confirms US Investment Plan

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .