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Hon Hai, Nidec eye joint venture - Taipei Times

Hon Hai, Nidec eye joint venture - Taipei Times
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

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Hon Hai sales hit historical high for Q2

Hon Hai sales hit historical high for Q2
07/06/2021 11:45 AM
CNA file photo
Taipei, July 6 (CNA) Hon Hai Precision Industry Co., the world s largest contract electronics maker, has set a new company record for second-quarter sales, mainly due to strong demand for tech gadgets in the booming global stay-at-home economy, analysts said.
In a statement Monday, iPhone assembler Hon Hai reported consolidated sales of NT$1.36 trillion (US$48.75 billion) in the April-June period, up about 20 percent from a year earlier, and up 0.74 percent from a quarter earlier.
On a year-on-year basis, Hon Hai s consumer electronics division generated the strongest sales growth, followed by the electronics component division, the cloud technology-based product division and the computer and related goods division, the company said. ....

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Japan's Nidec to buy MHI's machine tool unit as it bolsters EV motor business

By Reuters Staff
1 Min Read
TOKYO, Feb 5 (Reuters) - Japan’s Nidec Corp said it will acquire a unit of Mitsubishi Heavy Industries that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV).
Nidec will buy the business from Japan’s biggest machinery maker for around 30 billion yen ($284 million) in a deal that will help it improve the gearing technology in its EV motors, according to an earlier report in the Nikkei newspaper.
A spokesman for Nidec, which announced the deal on Friday, declined to say how much the deal was worth.
The maker of small precision motors used in computer hard drives and other electronic equipment is attempting to capture around a third of a new market for energy-saving electric motor technology known as e-axle or e-drive, which is expected to grow 10 times over the next decade. ....

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Japan's Nidec files HDD patent infringement suit against Seagate

Japan's Nidec Corp said on Wednesday it had filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates, accusing it of . ....

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Japan's Nidec files patent infringement suit against Seagate over HDD

By Reuters Staff
1 Min Read
FILE PHOTO: Nidec Corp s logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) - Japan’s Nidec Corp said on Wednesday it had filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates, accusing it of using Nidec hard disk drive motor designs without permission.
The suit was filed on Jan. 18 in the U.S. District Court in Delaware, Nidec said in a statement.
The Japanese component maker wants the court to award it appropriate compensation based on sales made by Seagate, a Nidec spokesman said. ....

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