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Hon Hai Precision Ind. Co Ltd To Split Off Connector Unit In July-Reuters

Thursday, 6 Jun 2013 06:28am EDT 

Reuters reported that Hon Hai Precision Ind. Co Ltd, plans to split off connector business into a separate entity next month as the unit struggles with dull computer demand, according to two sources familiar with the matter. As margins come under pressure in Hon Hai's traditional business of assembling gadgets for other companies such as Apple Inc - which alone provides 60% of revenue - the contract electronics manufacturer is shifting focus to high-margin, sophisticated components.