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Tuesday, March 12, 2019

Taiwan’s Foxconn Says Unlikely To Suffer Loss From Microsoft Lawsuit


Terry Gou, founder and chairman of Foxconn, attends a forum on industrial internet at the fifth WIC in Wuzhen
Terry Gou, founder and chairman of Foxconn, attends a forum on industrial internet at the fifth World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 8, 2018. REUTERS/Jason Lee
March 12, 2019
TAIPEI (Reuters) – Foxconn does not expect to suffer any loss as a result of a lawsuit filed by Microsoft Corp, the chief executive of the Taiwanese company, Terry Gou, said on Tuesday.
Microsoft has said it is suing Foxconn, the contract manufacturer that rose to global prominence as assembler of the Apple iPhone, for what it claims are unpaid patent royalties.
Gou said at a press conference in Taipei that Foxconn “will almost not suffer any loss” as a result of the lawsuit.
(Reporting By Jeanny Kao and Yimou Lee; Writing by Anne Marie Roantree)

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