Lost in previous battle does not stop this behemoth from taking ownership of Silterra.
Recently this giant came into picture taking good talk with DNEX management to take some 30% stake issued through PP by the company.
who are they?
Sales : 73bil usd
Operating profit : 1.84bil usd
Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group and better known as Foxconn, is a Taiwanese multinational electronics contract manufacturer with its headquarters in Tucheng, New Taipei City, Taiwan.
Main supplier to Apple.
But this billion dollar company highly ambitious ventured into EV sector and arrange cooperation with few multinational company.
what is their interest on Silterra and DNEX anyway?will price gonna drives up on the news?