Hon Hai Precision Industry Co (鴻海精密), the world’s largest electronics parts maker, yesterday signed a memorandum of understanding with three US venture capitalists in a move aimed at expanding its clientele base in Silicon Valley.
Hon Hai inked a deal with NEA, Onset and DCM, and agreed to transfer technology know-how to five start-ups the venture capitalists have invested in.
The Tucheng (土城), Taipei County-based firm said more partnerships are underway for future cooperation with the start-ups.
Under the deal, Hon Hai will help the venture capitalists from concept realization to the commercialization of their final products, Hon Hai chairman Terry Gou (郭台銘) told reporters at a briefing.
The partnership could expand to Hon Hai mass producing products for the companies, as well as marketing them in the Southeast Asian market, Gou said.
The venture capitalists -yesterday brought executives from 12 firms to visit Hon Hai’s Taipei office in Neihu. The firms include Analogix, Audience, Cavium, SiBeam, Splashtop, Zenverge and Enovix. They are working on various technology areas, including semiconductors, green batteries, wireless communications, fingerprint recognition, sensors and operating system software. Gou said these technologies could also boost Hon Hai’s own know-how.
Shares of Hon Hai rose 0.89 percent to NT$113.5 yesterday.
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