*NEWS*A TAKEOVER OF HP’S INDIA FACTORY ?

[Anonymous]

Foxconn denies takeover of HP India factory

September 2005

Foxconn Electronics (the
registered trade name of Hon Hai Precision Industry), the largest
privately owned company in Taiwan and the world’s second-largest EMS
provider, denies a report of emsnow.com stating that it has acquired a
Hewlett-Packard (HP) factory in India and has taken over all of the
factory orders.

The August 25 emsnow report indicated that Foxconn had acquired HP’s
India production factory. Though Foxconn denied it acquired the Indian
factory, it did confirm that it has taken over HP’s plant in Australia.
The company declined to comment on customer orders, citing customer
confidentiality.

The Chinese-language United Daily News (UDN) on September 12 reported
that HP is gearing up to strengthen its market share in the
Asia-Pacific region, by aggressively promoting entry-level PCs in
India. Foxconn, HP’s contract maker, and motherboard supplier
Micro-Star International (MSI) are expected to be major beneficiaries
starting from the fourth quarter of this year, the paper indicated

[Author]

September 26, 2005 at 10:30 AM