On 16 October, Hon Hai Precision Industry announced that it would acquire a 50% stake in Japan's Mitsubishi Electric Mobility for ¥115 billion. The deal will strengthen Hon Hai's global expansion through a new joint venture with a Japanese company.
The integration of Japanese and Taiwanese businesses will progress further as Hon Hai Precision Industry acquires a 50% stake in Mitsubishi Electric Mobility for ¥115 billion. The new joint venture is expected to establish a framework for driving global sales growth, which is considered positive news for Japan.
The article points out that the supply chains for systems in multiple fields, including the defense industry, depend on vulnerable components, and suggests that the integration could also affect the fields of autonomous vehicles and EV-related equipment.
Hon Hai is moving production bases from China to Vietnam and India, and there is a view that it has the ability to apply mobile-phone technology to the automotive sector. There are also suggestions that the de facto integration of Taiwan and Japan is accelerating.
Taiwan is reconsidering its opposition to nuclear power generation while advancing efforts to integrate its drone supply chain with Japan. Japan is strengthening cooperative relationships, including with Taiwanese business executives, and is building a high-level global sales strategy.