News
SAN JOSE -- The industry trade group SEMI will discuss the world's semiconductor equipment market in a special Webcast next week.
The Webcast will cover the global semiconductor equipment and materials markets. It will also include highlights from a recently completed report on the market for semi gear and materials in China.
SINGAPORE -- Flextronics has signed separate agreements for the sale of its network services and semiconductor business units. Both deals were previously announced.
The transactions will generate aggregate upfront cash of more than $550 million plus additional deferred and contingent payments and a 30% ownership stake in the merged network services company. Both transactions are expected to close before the end of the September quarter.
TAIPEI -- Hon Hai Precision, which operates Foxconn, the second-largest electronics manufacturing services company, is pursuing an aggressive acquistion strategy, the company said this week.
The Taipei Times quoted Hon Hai chairman Terry Gou as saying, "We have been working on [more mergers]. We hope to settle one, or two deals in the second half of the year." Gou's comments were reportedly made after the company's annual shareholders' meeting.
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