00:00Taiwan and Japan's electronics giant Foxconn and Mitsubishi Electric have signed an MOU
00:05to explore a strategic partnership in automotive equipment. This move involved Foxconn acquiring
00:11a 50 percent stake in Mitsubishi Electric's mobility unit. The ongoing deal signals collaboration
00:17and expansion in the automotive and EV sectors. Foxconn has been securing its supply chains in
00:23over 20 countries to offset the impact of the conflict in the Middle East on energy
00:28and raw material supplies.
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