Hints and tips:
...“I wish him the best,” Liu said. Hon Hai Precision, the group’s Taiwan-listed flagship, reported an 11 per cent year-on-year increase in net profit for the third quarter to NT$43.1bn (US$1.3bn)....
...Liu added that Tsinghua had already changed after being forced to shed its chip manufacturing assets in the debt restructuring....
...“As supply chains split, the goal is to have their own companies take over electronics manufacturing in China,” said Liu, the CIER economist....
...Hon Hai Precision Industry, the group’s Taipei-listed flagship, and a subsidiary own a combined 34.14 per cent share....
...Shares in Hon Hai Precision Industry, Foxconn’s Taiwan-listed entity, fell 1.4 per cent on Monday....
...Young Liu, Foxconn’s chair, said on an investor call in August that the group “will be actively expanding” in India....
...Additional reporting by Emma Zhou and Xinning Liu...
...Foxconn, which is listed on the Taiwan Stock Exchange under the name Hon Hai Precision Industry, is the world’s largest contract electronics manufacturer....
...Young Liu, Foxconn’s chair, says that has given the company — with its experience of shorter product cycles and overall speed — a clear advantage....
...Additional reporting by Nian Liu in Beijing and Demetri Sevastopulo in Washington...
...Foxconn, which trades as Hon Hai Precision, does not intend to produce entire cars or create its own brand....
...Shares in Hon Hai have fallen by about 15 per cent since the start of the year....
...The share price of Hon Hai Precision, the group’s Taiwan-listed flagship, has dropped 10 per cent since the start of the year amid fears that weeks of factory closures could cripple the global technology...
...Additional reporting from Nian Liu in Beijing...
...Liu Tai-an, another retail investor who has long owned Hon Hai, urged the board of directors to switch to issuing dividends quarterly instead of once a year....
...The board of Hon Hai Precision, the Taiwan-listed flagship company, elected Mr Liu following the annual general meeting on Friday....
...The new chairman of Apple supplier Hon Hai, also known as Foxconn, arrives at a tough time. US-China trade tension is still rising and iPhone sales in China are falling....
...Wu Hai, a service-sector entrepreneur who runs a chain of 50 karaoke parlours in Beijing, says his company has about Rmb12m cash on his balance sheet....
...The nominations are subject to approval by Hon Hai shareholders at the company’s annual general meeting on June 22....
...The board of Hon Hai Precision, the Taiwan-listed flagship of the world’s largest contract electronics manufacturer, elected Mr Liu following the company’s annual general meeting....
...Meanwhile, Foxconn — formally Hon Hai Precision Industry — is in the middle of an aggressive cost-cutting programme as it braces for a difficult 2019....
...Mr Li and Mr Liu’s hectoring received blanket state media coverage....
...Few companies epitomise the era of globalisation better than Hon Hai, the world’s largest contract electronics manufacturer....
...Huawei has become a vital customer to many leading Apple suppliers such as TSMC, iPhone assembler Hon Hai Precision Industry, Taiwanese lens maker Largan Precision and US chip company Micron Technology....
...Donald Trump, US President, will meet Chinese vice-premier Liu He at the end of high-level trade talks this week....
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