FIH makes products for Xiaomi Corp (小米), Oppo Mobile Telecommunications Corp (歐珀) and Huawei Technologies Co (華為), Hon Hai said. FIH posted a net profit of US$20.03 million last quarter following net losses of US$84.08 million in the first half of the year, Hon Hai said. In the July-to-September quarter, Hon Hai posted a 20 percent sequential increase in revenue to NT$1.39 trillion, while gross margin and operating margin improved slightly to 6.01 percent and 2.41 percent respectively. Hon Hai aims to capture a market share of up to 10 percent in each of the three industries by investing about NT$10 billion per year, while increasing capital expenditure to about NT$65 billion, he said. Underlining the company’s ambition to transform itself into a wholly digital company, Liu said Hon Hai would focus on improving core technologies, such as artificial intelligence, semiconductors, and 5G and 6G-related applications.

Source: Taipei Times November 13, 2019 15:59 UTC