Rumor: Foxconn has no plans to acquire Quanta Computer

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Taiwan-based EMS giant Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) currently has no plans to acquire Quanta Computer, according to JT Wang, chairman of Acer.

While of the opinion that it is still too early to see a super merger deal among Taiwan’s large-scale IT makers, at the moment, Wang nevertheless stated that industry integration is definitely going to be a continuous trend, one that will leave a highly integrated industry dominated by a small number of big players. It would be natural for the world to accommodate just three to five PC makers if only three branded PC vendors survived after a series of acquisitions, indicated Wang. This is the reason why Acer has to make an all-out effort to “grow vigorously,” Wang added.

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