eseoulpost
InternationalTaiwan
Hon Hai unit to expand in India, Vietnam amid trade war
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2019.08.14  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

Taipei, Aug. 12 (CNA) FIH Mobile Ltd., a Hong Kong-listed subsidiary of Taiwan-based manufacturing giant Hon Hai Precision Industry Co., said Monday that to assuage the impact from trade friction between the United States and China, it will expand its production capacity in India and Vietnam.

In an internal report, FIH Mobile, a cellphone assembler, said it has had operations in Vietnam since it purchased a factory there in 2016, and many of its clients are planning to seek its services from the Southeast Asian country at a time of escalating trade friction between Washington and Beijing.

In addition, FIH Mobile has also operated cellphone assembly lines in India for several years, and the company will continue to review its global resource allocations in a bid to meet client demand.

In the first half of this year, the Indian market accounted for about 31 percent of FIH Mobile's total sales of US$6.39 billion, down 2.65 percent from a year earlier.

In addition to the positive export prospects for its India facility, FIH said it is upbeat about domestic demand in the South Asian country, adding that it will expand its electronic component and services supply there.

FIH Mobile currently manufactures products for non-Apple Inc. brands such as Xiaomi, OPPO and Huawei Technologies, and runs a broad production base in China.

Its parent company Hon Hai, known as Foxconn in the global market, which owns about 62.8 percent of FIH, serves as the most important iPhone assembler for iPhones, and has extensive China operations.

Earlier this month, U.S. President Donald Trump said the U.S. will impose 10 percent tariffs on an additional US$300 billion in Chinese goods and that the new tariffs, scheduled to take effect Sept. 1, will cover smartphones, including iPhones, made in China.

Last week, Trump said the United States is not ready to reach an agreement with Beijing, adding that his country will not do business with Chinese telecom giant Huawei Technologies Co.

In the first half of this year, FIH incurred US$84.08 million in net losses, compared with a net loss of US$348 million seen over the same period of last year.

FIH said the improving bottom line largely reflected its efforts to adjust its cooperation model with HMD Global Oy, which has reduced downward pressure on its profit margin.

In November 2016, FIH Mobile acquired feature phone assets from Microsoft Mobile Oy. In December 2016, FIH Mobile signed an agreement with Nokia Technologies Ltd. and HMD Global on cellphone and tablet computer development under the Nokia brand.

In 2018, a unit of FIH Mobile spent about US$62 million to acquire preferred shares in HMD to upgrade its cellphone development capability.

The top five clients, including HMD Global and Japan's Sharp Corp., accounted for 89.6 percent of FIH Mobile's total revenue for the first half of the year, with the Japanese client taking an 8.5- percent share.


 

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Saudi King, Mohamed bin Zayed discuss regional developments
2
Dubai Future Council for Blockchain holds second meeting
3
Miss Vietnam-Korea Business 2019 opens in Seoul
4
S. Korea begins process to remove Japan's trusted trade partner status
5
U.S. prods S. Korea, Japan to seek 'creative' solutions to trade row
6
UAE Press: Dubai airport reflects the futuristic city that lies beyond
7
Hon Hai unit to expand in India, Vietnam amid trade war
8
40,000 people benefit from ERC's sacrificial meat
9
UN / International Youth Day
10
Tsai condemns HK violence, calls for restoration of peace
Photo News Green Biz
ADNOC ranked amongst five lowest GHG emitters in oil and gas industry
ADNOC ranked amongst five lowest G...
min
World Green Economy Summit 2018 concludes
World Green Economy Summit 2018 co...
min
Restoration of nature requires actions of many :Al Zeyoudi
Restoration of nature requires act...
min
Al Zeyoudi to head UAE delegation to upcoming Global Climate Action Summit in California
Al Zeyoudi to head UAE delegation ...
min
Plastic wastes from Korea legal: MisOr ecozone exec
Plastic wastes from Korea legal: M...
min
Photo News Sports
Special Olympics Flame of Hope arrives Wahat Al Karama ahead of event's grand opening
Special Olympics Flame of Hope arr...
min
Mohammed bin Rashid attends Super Saturday races at Meydan
Mohammed bin Rashid attends Super ...
min
Sharjah welcomes delegates of 24 countries participating in Special Olympics Abu Dhabi
Sharjah welcomes delegates of 24 c...
min
Mohammed bin Rashid attends 'UAE Tour'
Mohammed bin Rashid attends 'UAE T...
min
Koreas to field joint teams in 4 sports at 2020 Tokyo Olympics
Koreas to field joint teams in 4 s...
min
Over 500 Paralympic athletes to compete in IWAS World Games 2019 on Sunday in Sharjah
Over 500 Paralympic athletes to co...
min
New York City FC announces preseason in Abu Dhabi
New York City FC announces preseas...
min
AFC Asian Cup UAE 2019
AFC Asian Cup UAE 2019
min
Photo News World
Special Olympics Flame of Hope arrives Wahat Al Karama ahead of event's grand opening
Special Olympics Flame of Hope arr...
min
Mohammed bin Rashid attends Super Saturday races at Meydan
Mohammed bin Rashid attends Super ...
min
Sharjah welcomes delegates of 24 countries participating in Special Olympics Abu Dhabi
Sharjah welcomes delegates of 24 c...
min
Mohammed bin Rashid attends 'UAE Tour'
Mohammed bin Rashid attends 'UAE T...
min
Koreas to field joint teams in 4 sports at 2020 Tokyo Olympics
Koreas to field joint teams in 4 s...
min
Over 500 Paralympic athletes to compete in IWAS World Games 2019 on Sunday in Sharjah
Over 500 Paralympic athletes to co...
min
New York City FC announces preseason in Abu Dhabi
New York City FC announces preseas...
min
AFC Asian Cup UAE 2019
AFC Asian Cup UAE 2019
min
Photo News Opinion
Samsung Electronics' Q2 earnings more than halve on weak memory chips
Samsung Electronics' Q2 earnings m...
min
Gov't admits security failure over N.K. boat's undetected arrival, denies cover-up
Gov't admits security failure over...
min
Moon replaces top presidential secretaries for policy, economic affairs
Moon replaces top presidential sec...
min
Fitch cuts growth outlook for S. Korea to 2 percent
Fitch cuts growth outlook for S. K...
min
Reform-minded investigator named prosecutor-general nominee
Reform-minded investigator named p...
min
2 more S. Korean victims found, death toll 18 in Hungary boat sinking
2 more S. Korean victims found, de...
min
FM stresses 'thorough' efforts to identify those responsible for Hungary boat sinking
FM stresses 'thorough' efforts to ...
min
Unionized workers kick off nationwide strike on top of tower cranes
Unionized workers kick off nationw...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com