Hon Hai Says Sharp Technology Will Help ‘Defeat’ Samsung
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Hon Hai Precision Industry Co., the maker of Apple Inc. iPads, expects the group’s investments in automation and touch-panel technologies to help it take on Samsung Electronics Co., the Taiwanese company’s chairman said.
Hon Hai’s parent, Foxconn Technology Group, will use its cooperation with Sharp Corp. to boost production of Apple products as well as those that use Microsoft Corp.’s Windows and Google Inc.’s Android system, Chairman Terry Gou said at its annual shareholders’ meeting in Taipei yesterday. Hon Hai and affiliates agreed in March to take a 9.9 percent stake in Sharp for 67 billion yen ($847 million).