Foxconn plans to acquire the assets of a company in Kaifeng for 288 million yuan to deploy mobile phone front cover glass products

Dec 09, 2021

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On December 7, Industrial Fulian announced that it intends to acquire the machinery and equipment (CNC carving machine, polishing machine) held by Lankao Yufu Precision Technology Co., Ltd. , Washing machines, etc.) related assets, the transaction price is 288 million yuan.
 
It is reported that Lankao Yufu Precision Technology Co., Ltd. is a wholly-owned subsidiary of Hon Hai Precision, and Industrial Fulian is also an enterprise controlled by Hon Hai Precision.


Industrial Fulian stated that the machinery and equipment acquired from related parties this time will be used for the research and development of glass projects. The relevant equipment has been debugged and certified by customers, which will help the company quickly form the basic hardware conditions for the research and development of glass products for the front cover of mobile phones. , To complement the existing RD and production capacity of metal mobile phone mechanical parts. The "glass plus metal" combination plan can play a synergistic effect of the two, enhance the company's comprehensive RD and production capabilities for mobile phone components, and accelerate the penetration of mobile phone components on the user side, thereby conducive to the integration of the upstream supply chain of smartphones. In addition, on this basis, the company will also conduct research and development of new composite materials for smart wear, AR, new energy vehicles and other fields.

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