Feb 21, 2017

Toshiba seeking at least ¥1 trillion from chip unit sale

Toshiba Corp. is looking to raise at least ¥1 trillion ($8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to a source familiar with the matter. The deal will likely result in ...

Feb 20, 2017

Apple's upcoming iPhone release keeping Foxconn unit vibrant

Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria. Hon Hai Precision Industry Co., the main assembler of the U.S. company’s smartphones, has gained 29 ...

Feb 17, 2017

Sharp lifts profit guidance for fiscal 2016

Sharp Corp. on Friday upgraded its earnings outlook for the year through March on a decline in sales-related costs, forecasting a group operating profit of ¥47.4 billion ($418 million). That is up from the revised projection of ¥37.3 billion announced on Feb. 3. Sharp, ...

Hon Hai chief confirms $7 billion U.S. investment in works

Jan 23, 2017

Hon Hai chief confirms $7 billion U.S. investment in works

The head of Taiwan’s tech giant Hon Hai Precision Industry Co. confirmed Sunday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan’s SoftBank. U.S. President Donald Trump announced before taking office a ...