News
TAIPEI -- Hon Hai Precision today disputed reports the company will distribute Apple's iPhone in China.
Hon Hai, the official name of Foxconn, dismissed the reports as media rumor, saying big announcements would come from the company.
Hon Hai, the official name of Foxconn, dismissed the reports as media rumor, saying big announcements would come from the company.
NEENAH, WI -- Plexus Corp. this month will start construction on its new headquarters here, and will also begin moving into a recently acquired building in nearby Greenville.
DALLAS -- TXP Corp. has received a default notice from a major investor claiming the EMS provider owes more than $10 million.
YA Global Investments notified TXP on Dec. 11 of the company's failure to pay a sum of more than $250,000, and claiming TXP is "unable to pay its debts generally as they come due" and of "failure to pay its debts as they come due." In the letter, YA Global demanded TXP immediately repay all of its obligations, a sum of $10.2 million as of Dec. 17, inclusive of accrued and unpaid interest.
The complaints relate to a securities purchase deal TXP and YA Global signed last spring.
TXP is in negotiations with YA Global to reach an resolution, and is seeking sources of financing in order to redeem the outstanding debt owed to YA Global and to resume operations.
YA Global Investments notified TXP on Dec. 11 of the company's failure to pay a sum of more than $250,000, and claiming TXP is "unable to pay its debts generally as they come due" and of "failure to pay its debts as they come due." In the letter, YA Global demanded TXP immediately repay all of its obligations, a sum of $10.2 million as of Dec. 17, inclusive of accrued and unpaid interest.
The complaints relate to a securities purchase deal TXP and YA Global signed last spring.
TXP is in negotiations with YA Global to reach an resolution, and is seeking sources of financing in order to redeem the outstanding debt owed to YA Global and to resume operations.
Press Releases
- Semi-Kinetics Expands Capabilities with Installation of Three Koh Young 3D Automated Optical Inspection Systems
- ZESTRON Hosts Webinar on Cleaning Strategies and Corrosion Mitigation to Advance Reliability in Automotive Power Electronics
- Anda Technologies Appoints Tech Gear Ltd. as Distributor in Hungary
- Discover PEMTRON’s Dual Lane Dual Head AOI/SPI Technology at NEPCON Vietnam 2024