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Foxconn Technology Group, through its subsidiary Foxconn (Far East) Ltd., acquires a 54.5% stake in SoftBank Group Capital APAC Pte. Ltd., SoftBank's venture investment arm, for $600 million. This investment aims to support Foxconn's search for new startup technologies and aligns with SoftBank's shift in focus toward private-equity deals and larger-scale investments. The collaboration highlights the importance of strategic partnerships in the pursuit of innovation.
Friday, 24 February, 2017