Hon Hai News

The head of Taiwan`s tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business.

Taiwan`s Hon Hai Precision Industry Co is considering joining efforts to help rescue Japanese electronics maker Sharp Corp, the company said in a statement late on Friday.

Taiwan`s tech giant Hon Hai said Thursday it plans to invest around Tw$80 billion ($2.6 billion) for a new smartphone display facility on the island, reportedly to manufacture mainly Apple products.