Foxconn spins out a slice of itself to fund cloud, IoT and 5G push

www.theregister.co.uk | 2/12/2018 | Staff
Firefang (Posted by) Level 4
Click For Photo: https://regmedia.co.uk/2015/08/07/cook-foxconn.jpg?x=1200&y=794

Foxconn wants to spin out part of itself, perhaps including a facilities used to build either iPhones or chips for smartmobes, so it can diversify into cloudy and 5G products.

The manufacturer-to-the-stars has filed a prospectus with the Chinese securities regulator for a part-IPO of Foxconn Industrial Internet.

Company - IPO - US - Projects

The company said it wants the IPO to raise up to US$4 billion in can use to to invest in new projects.

As well as Apple, the prospectus lists Amazon, ARRIS, Cisco, Dell, HPE, Huawei, Lenovo, NetApp, Nokia and nVidia as customers.

Board - Hon - Hai - Company - Foxconn

The board of Hon Hai – the company that owns the Foxconn businesses – first voted for the spinoff in...
(Excerpt) Read more at: www.theregister.co.uk
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