Hon Hai Precision Industry Co (鴻海精密) has entered into a partnership with Cima NanoTech Inc, a US transparent conductive film solution manufacturer, to provide projective capacitive solution for 40-inch to 100-inch touch screens.
Hon Hai, also known as Foxconn Technology Group (富士康), yesterday confirmed the investment, saying that the two companies are to sell Cima NanoTech’s proprietary projective capacitive technology — Sante ProTouch modules — through their joint venture, Cima Touch.
The Taiwanese company declined to disclose the amount of its investment in the venture.
Photo: CNA
“The partnership with Cima NanoTech will enable Foxconn to address the rapidly growing large-format touch display market,” Hon Hai said in a statement.
INTERACTIVE DISPLAYS
Cima NanoTech’s modules, which will be mainly manufactured by the US company, can be used for interactive kiosks, interactive digital signage, tabletops and whiteboards, the US company said.
The new joint venture will provide a cost-competitive solution for clients looking to shift from infrared touch technology to projective capacitive multi-touch solutions and systems, it said.
Hon Hai’s latest investment is part of the company’s efforts to expand its reach in the panel business.
Chairman Terry Gou (郭台銘) in June told shareholders that he was optimistic that Taiwan’s flat-panel industry could have a chance to secure a leading position in the global market given its outstanding technologies and engineers.
SHARP INTEREST
Gou has publicly addressed Sharp Corp about his interest, saying that Hon Hai is still waiting for the Japanese electronics maker’s final decision to accept an offer to invest in its flat-panel display business.
Gou said Hon Hai could work with the Japanese company to compete against South Korea’s Samsung Electronics Co in the flat-panel industry, adding that he is optimistic that Sharp will eventually accept Hon Hai’s investment.
Japan’s Asahi Shimbun reported on Sunday that Sharp would spin off its display business and sell a stake to Hon Hai.
The Taiwanese company declined to comment on the report.
Separately, Hon Hai has inked an agreement with China’s Henan Province to invest 750 million yuan (US$117 million) in an industrial park for special materials, such as high-density mucilage used in the assembly of smartphones, tablets and wearable devices, Chinese media reports said.
Hon Hai on Aug. 13 said in filing to the Taiwan Stock Exchange that it is to invest US$10.5 million in a high-density mucilage supplier in China.
Hon Hai shares increased 4.17 percent to NT$85 in Taipei trading yesterday, outperforming the TAIEX, which gained 3.58 percent.
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