Last checked at 28 Sep 2020 11:52
Subject: HON HAI and YAGEO Forms Strategic Alliance
Date of events:2020/09/28
Contents:
1.Date of occurrence of the event:2020/09/28
2.Company name:Hon Hai Precision Ind. Co. Ltd.
3.Relationship with the Company (please enter "the company itself" or
"subsidiaries"):the company itself
4.Name of the reporting media:The company's press information
5.Content of the report:
Hon Hai Technology Group (TAIEX: 2317 TW) and Yageo
Group (TAIEX: 2327 TW) today announced to form a strategic alliance to
combine two groups'resources to integrate their R&D capabilities and
technological innovations in key electronic components, thereby enhancing
electronic industry's added value and global competitiveness to provide
better quality products and services for their customers. This strategic
cooperation will officially start in the third quarter of this year.
Hon Hai and Yageo's strategic partnership will differentiate from traditional
supply chain operation. Not only in the development of key electronic
components and the sharing of R&D resources, but also in the cooperation with
global end customers, Yageo's diversified high-end products can be fully
integrated and matched to the new business scope of Hon Hai Technology Group.
Young Liu, Chairman of Hon Hai, said "Yageo is an industry leader in many
technological fields. The solid cooperation with Hon Hai will be able to
demonstrate the wisdom and advantages of Taiwan's manufacturing industry.
Through this strategic alliance, we will focus more on the development of new
customers and products with joint resources to meet global customers' needs
in the supply chain support and functional design development and come up
with more value-added solutions."
The strategic cooperation with Yageo will further strengthen Hon Hai's "3+3"
core development in future industries and technologies. Pierre Chen, Chairman
of Yageo Group, said "With the cooperation of Hon Hai and Yageo, it is not
just "3+3" but "3x3" achievement created by these two groups. For many
years, Yageo has cultivated deeply in key electronic components for electric
vehicles, smart healthcare, industrial specifications, 5G technology, and
special semiconductor packaging and testing and has shown many concrete
results in related areas. Through the cooperation with Hon Hai Group, we are
able to enlarge mutual technological benefits and resource sharing to
maximize the value of both groups and see multiple growths in the future."
In addition to its exceptional one-stop integrated services in the past 45
years, Hon Hai has been actively involved in the three new industries of
"electric vehicles, digital healthcare, and robotics" and the three new
technologies of "artificial intelligence, semiconductors, and new-generation
communication". "3+3" is the group's important long-term development
strategy and has made great strides in various new industries and gradually
established substantial progress and results.
After acquiring KEMET and Pulse, Yageo Group will not only focus on high-end
5G, automotive, industrial, aerospace, and medical segments, but also
provide the group's expertise and one-stop shopping platform in special
semiconductor packaging and testing from Tong Hsing, automotive inductors and
magnetic materials from Chilisin, and aluminum electrolytic capacitors from
Kaimei. Yageo Group certainly will become the best strategic partner for
Hon Hai Group in the development of electric vehicles, digital healthcare,
and robotics.
Young Liu, Chairman of Hon Hai Technology Group and Pierre Chen, Chairman
of Yageo Group attended the signing ceremony of the strategic alliance in
person. Jerry Kuo, CEO of Chilisin, Vincent Weng, Chairman of Kaimei, and
Heinz Ru, President of Tong Hsing, also signed the same strategic alliance
agreement today.
Yageo Group has 15 design and R&D centers and 42 manufacturing sites around
the world and has been providing world-class design-in services for a long
time and continuing to develop and produce high-end key specialty components.
Hon Hai Group has a comprehensive global footprint and its manufacturing and
service facilities located in more than 20 countries and regions globally.
Moving forward, the cooperation between Hon Hai and Yageo is going to make
significant progress in digital healthcare. Both groups will aslo build solid
partnership in the thriving development of the electric vehicle industry.
Yageo Group will be the best strategic partner and supply chain that matches
Hon Hai's global allocations. The combination of global production and
operation capabilities and technical capabilities of high-end key electronic
components will provide win-win results and create even higher value for
each other.
6.Cause of occurrence:To announce press information on MOPS website.
7.Countermeasures:None
8.Any other matters that need to be specified:None