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Hon Hai Precision Industry Co., Ltd. (HHPD.L)

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At close: 6:07PM EDT
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  • Bloomberg

    Battery-Swapping Startup Gogoro to Go Public in SPAC Merger

    (Bloomberg) -- A Taiwanese startup called Gogoro Inc. that specializes in battery-swapping technology said it will go public through a merger with Poema Global Holdings Corp., the latest blank-check firm to cut a deal with a promising new company. The deal sets Gogoro’s enterprise value at $2.35 billion and the combined entity will list on Nasdaq, the companies said in a statement. The startup expects to receive roughly $550 million in proceeds, including $345 million held by Poema and $250 mill

  • Bloomberg

    iPhone Maker Predicts Slowing Gadget Sales Just as Holidays Loom

    (Bloomberg) -- Apple Inc.’s main assembly partner Hon Hai Precision Industry Co. projected sales of gadgets like smartphones will drop sequentially this quarter, spurring concerns that chip and component shortages may affect iPhone production before the holiday season.Sales at the Taiwanese manufacturer’s consumer electronics business, which includes the iPhone, will decline this quarter compared with the previous three months, the company said Thursday. The downbeat projection caught analysts b

  • Bloomberg

    China’s ‘iPhone City’ Relocates 100,000 After Floods Leave 12 Dead

    (Bloomberg) -- More than two dozen people have died and 100,000 have been evacuated as catastrophic floods swept through the central Chinese province of Henan.China Central Television reported that 25 people have been killed while seven others are missing, citing a local government briefing. The city of Zhengzhou earlier said at least 12 died on a subway there.The floods in China come just days after devastating floods in Germany killed at least 160 people and follows extreme weather around the