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A worker pushes a trolley carrying products under nets which are installed on a factory building to prevent workers from jumping to their deaths at a Foxconn factory in Langfang, Hebei Province August 3, 2010.
A worker pushes a trolley carrying products under nets which are installed on a factory building to prevent workers from jumping to their deaths at a Foxconn factory in Langfang, Hebei Province August 3, 2010.
(Jason Lee/Reuters)

FINANCIAL TIMES

More twists in Hon Hai (Foxconn) story than a soap opera

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

If Terry Gou had taken his planned stake in Sharp last year, he’d be only a sixth in the red following a trebling of its shares in six months. Still, he did not and anyway, it would not have helped Hon Hai Precision, the company he founded that trades under the name Foxconn. Results released this week were weak and now Apple, its biggest customer, is flirting with rivals. Has the high point for Hon Hai passed?