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.
FOXCONN
who are they?
2020
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.
https://www.wsj.com/market-data/quotes/TW/XTAI/2354/financials
But this billion dollar company highly ambitious ventured into EV sector and arrange cooperation with few multinational company.
https://www.theedgemarkets.com/article/foxconn-teams-thailands-ptt-make-electric-vehicles
https://www.taiwannews.com.tw/en/news/4213512
https://www.theguardian.com/business/2021/may/18/iphone-assembler-foxconn-to-develop-in-car-tech-with-peugeot-chrysler-owner
what is their interest on Silterra and DNEX anyway?will price gonna drives up on the news?
https://www.thestar.com.my/business/business-news/2021/05/28/foxconn-in-talks-to-buy-stake-in-chipmaker-dnex
https://klse.i3investor.com/blogs/tuancapital_opinion/2021-05-31-story-h1565983905-SILTERRA_SAGA_FOXCONN_TO_DRIVE_DNEX_PRICE.jsp
