SoftBank, Foxconn to Deepen Ties With Joint Venture

Japan’s SoftBank Group and Taiwan’s Foxconn will soon begin operating a joint venture that deepens ties between two of Asia’s biggest technology companies, they said on Friday. The move will give Foxconn, formally known as Hon Hai Precision Industry Co, a 54.5 percent stake in one of SoftBank’s existing subsidiaries for $600 million (roughly Rs. […]