Foxconn Eyes Strategic Partnership with Nissan

Foxconn Chairman Young Liu clarified that the tech giant is exploring strategic cooperation with Nissan, rather than an outright acquisition. This move potentially aligns both companies to leverage each other's strengths in technology and automotive sectors, fostering innovation and bolstering market presence.

Foxconn Chairman Young Liu announced on Wednesday that the company is exploring a potential strategic partnership with Japan's automotive giant Nissan.

Contrary to market speculations, Liu emphasized that Foxconn is not interested in acquiring Nissan. Instead, both companies aim to collaborate and complement each other's capabilities.

This partnership could merge technology and automotive expertise, positioning both enterprises to enhance innovation and expand their influence within their respective sectors.

(With inputs from agencies.)