Hon Hai on Thursday cemented an alliance with three major Silicon Valley venture capital companies in a move that reflects the world’s biggest electronics contract manufacturer’s ambitions to acquire new technologies and move into new areas.
Under the memorandum of understanding, signed between the Taiwanese company and NEA, Onset and DCM, Hon Hai will provide support to the three venture capital firms’ portfolio companies. These range from manufacturing trials, to researching Asian markets for their products.
Terry Gou, Hon Hai chairman, said his company would act as an “incubator centre” for Silicon Valley start-ups. “We can create prototypes, we can help them find clients, we can ensure they have sufficient capital and we can even help them develop markets in Asia as they develop their market in the US,” he said.