Foxconn Subsidiary Acquires Stake in Q-Edge for $537 Million

On the evening of October 15, Foxconn announced on the stock exchange that its subsidiary Foxconn Assembly Holding Corporation has acquired shares in Q-Edge Corporation, with an investment amount of $537 million. Foxconn stated that the purpose is long-term investment. In late August, Foxconn had announced that its subsidiary would inject about $188 million into Q-Edge Corporation. According to Foxconn's annual report, Q-Edge Corporation was established in Houston, Texas, USA, in May 2000. (Jiemian)