[Taipei - August 5, 2024] Foxconn Interconnect Technology Ltd ("FIT", listed on the Hong Kong Stock Exchange under 6088), a subsidiary of Hon Hai (TW.2317), today announced the acquisition of a 70% stake in China Cloud Electro Optics Technology Co. Ltd ("Ccloud"), for RMB 220 million. This strategic move further strengthens FIT's position in the high-speed optical module and Co-Packaged Optics (CPO) technology market. The acquisition comes in response to the increasing [...]
This is an abstract of the document. To keep reading, click here and get access to the original version.