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Hon Hai to tap auto-parts business via acquisitions.

Asia Africa Intelligence Wire

| November 05, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Taiwan Economic News)

Taipei, Nov. 5, 2004 (CENS)--Taiwan's Hon Hai Precision Ind. Co. Ltd. is expected to tap the auto-parts business by way of a series of acquisitions through its investment platforms in Taiwan and other nations, according company chairman Terry Gou

Currently, Hon Hai is the world's largest maker of barebone PCs, connectors, TV game consoles, as well as the largest private manufacturer in Taiwan

In the auto-parts business, Gou claimed that his group would exchange resources with various targeted small and medium-sized enterprises (SMEs) and grant operation rights to the acquired companies

Gou claimed that in the …

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