The Taiwan Stock Exchange (TWSE) has issued a press release confirming that trading in shares of Hon Hai Precision Industry Co., Ltd.(better known internationally as Foxconn) will be suspended starting July 30, 2025.Here’s why the timing is interesting.
Trading to be resumed ‘after the release of material information’ In a press release today, the TWSE said the trading halt applies both to Hon Hai’s common shares and any underlying securities linked to the company.The suspension will remain in place “pending the release of material information,” though no additional details have been made public at this time.Hon Hai is expected to apply for the resumption of trading once the relevant disclosure has been made.
Here is the full statement: Hon Hai is one of Apple’s most important manufacturing partners, and is responsible for assembling a majority of iPhones worldwide.It also manufactures iPads, Macs, and accessories.While the announcement doesn’t specifically mention Apple, the company is by far Hon Hai’s most important customer, accounting for roughly 50% of its total revenue.
Some have noted that the trading halt is set to take effect just ahead of Apple’s quarterly earnings announcement, though there’s currently no indication that the two events are connected.Outside of Apple, Hon Hai also manufactures devices for companies like Dell, HP, Sony, Amazon, and Google, including the Pixel 6A, which made headlines this week after a new reported case of the device catching fire.To be clear, there’s absolutely no indication that either this incident or Apple’s upcoming earnings report is related to the trading halt, but given the timing, some degree of speculation is understandable.
Be it as it may, trading in the stock is set to be halted, and we’ll soon find out what material information prompted the rare move.What do you think is going on? Let us know in the comments.Apple Watch deals on Amazon 40mm Apple Watch SE 2: $169 (was $249) 42mm Apple Watch Series 10: $299 (was $399) 46mm Apple Watch Series 10: $359 (was $429) 49mm Apple Watch Ultra 2: $649.99 (limited time deal) You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day.
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