Microsoft and Foxconn’s parent company Hon Hai announced that they had signed a worldwide patent licensing agreement providing broad coverage under Microsoft’s patent portfolio for devices running the Android and Chrome OS i.e. Foxconn becomes Microsoft’s biggest Android patent licensee. Although the deal terms not disclosed, the parties indicated that Microsoft...
Tag Archives: Hon Hai
In a recent exchange filing, Hon Hai and its Foxconn unit are feeling under the financial squeeze as labor costs increase. Bloomberg reports that Hon Hai said that its first quarter net income came in at NT$14.9 billion, up from NT$14.4 billion a year ago but what fades here is that profits was lower than estimates. “That poor result caught me by surprise,” said Vincent...
