US EditionTrading Could Pause for Big Announcement From Foxconn
TAIWAN, JUL 29 – Foxconn and TECO form a strategic alliance and share exchange to enhance AI infrastructure and data center solutions, targeting global markets with a no-cash transaction in Q4 2025.
- Trading in Hon Hai Precision Industry Co., Ltd. shares will be suspended on July 30, 2025, the Taiwan Stock Exchange said, pending the release of material information.
- Typically, material information refers to a merger, acquisition, investment, asset sale or strategic partnership, and such halts are common in Taiwan, the exchange said.
- Hon Hai Precision Industry Co., Ltd. and TECO Electric & Machinery Co., Ltd. announced a strategic alliance to enhance AI infrastructure capabilities, pending regulatory approvals.
- Following the material disclosure, Foxconn plans to apply to resume trading, with shares set to restart on July 31, 2025.
- Looking ahead, the alliance will strengthen AI infrastructure capabilities and explore AI data center opportunities, pending regulatory approvals and targeted for Q4 this year.
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Total News Sources19
Leaning Left3Leaning Right1Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 27%
C 64%
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