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To: Return to Sender who wrote (76784)8/22/2017 1:16:03 AM
From: Sam2 Recommendations

Recommended By
Donald Wennerstrom
Return to Sender

  Read Replies (2) | Respond to of 95546
 
Foxconn Rising as New Threat to Korean Semiconductor, Display Industries
SEOUL,KOREA
21 August 2017 - 11:15am
Michael Herh

Foxconn, the world's largest IT equipment supplier on consignment basis, is emerging as the biggest threat to the Korean semiconductor and display industries.

According to industry sources, Foxconn is nursing a scheme to transform itself into a general IT company through the acquisition of Sharp in Japan and Toshiba Memory. The Flying Eagle strategy, which Terry Gou, chairman of Foxconn recently announced is based on this blueprint. The Flying Eagle strategy aims to become the strongest player in the IT industry to maximize synergies out of US political and economic support, advanced Japanese technology, and Chinese manufacturing plants.

To this end, Foxconn is actively cooperating with the US on reviving the US manufacturing industry. The company is planning to scratch the back of Trump in the US by creating jobs, and to take advantage of America's influence in big issues such as the takeover of Toshiba Memory in Japan. In July, Foxconn announced a plan to invest US$10 billion in an LCD panel factory in Wisconsin, the US. Wisconsin responded with a US$3 billion tax cut for the Foxconn factory. Foxconn also decided to continue investing in automobiles in Michigan, the US. Foxconn’s moves are explicit courtship to strengthen a honeymoon with the United States, even if they take high labor costs. The Trump government bent on creating jobs has no choice but to welcome Foxconn’s investment.

The problem is that Foxconn is openly showing its intent to hold Korean companies in check in the midst of these moves.

Above all, Foxconn began to block the SK Hynix alliance from taking over Toshiba memory. Originally, SK Hynix was selected as the preferred bidder by Toshiba, becoming one step closer to acquiring NAND flash technology from Toshiba. However, Foxconn demanded that the US oppose the SK Hynix alliance’s acquisition of a stake in Toshiba because Korea’s NAND market share will exceed 50% if the SK Hynix alliance takes over the stake. The situation is getting complicated as the acquisition competition took an unexpected turn. Toshiba changed its stance to have negotiations with Western Digital and Foxconn apart from SK Hynix. "If Foxconn succeeds in acquiring Toshiba Memory and makes a chicken game-like investment, the memory semiconductor market can fall into a serious turmoil," an industry official said.

Foxconn's aggressive investment in displays such as liquid crystal displays is also a threat to Korean TV makers such as Samsung Electronics. In addition to investing in LCD factories in the US, Foxconn already has large LCD factories in China and Taiwan. Moreover, after acquiring Sharp, which is a strong display player, Foxconn’s LCD TV market share rose to 4th place in the second quarter from 9th place in the first quarter of this year. In recent years, the company has been trying to enter the organic light emitting diode (OLED) business as well as the LCD business while trying to acquire Japan Display of Japan.

Moreover, Foxconn is expanding its business in all directions such as the medical equipment, industrial big data and cloud and security business. "Foxconn's technology is still far below that of Korean companies but Foxconn can be a huge threat because of its huge financing capacity and support from the US government," a securities industry official said.

businesskorea.co.kr



To: Return to Sender who wrote (76784)8/22/2017 6:22:58 PM
From: Return to Sender  Read Replies (1) | Respond to of 95546
 
75% Upside Volume on the NYSE - 71% Upside Volume on the NASDAQ:

online.wsj.com

Tuesday, August 22, 2017
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.
NYSE Latest close Previous close Week ago
Issues traded 3,090 3,080 3,092
Advances 2,122 1,487 1,085
Declines 844 1,440 1,891
Unchanged 124 153 116
New highs 84 51 57
New lows 47 145 120
Adv. volume* 510,552,611 328,092,847 274,462,869
Decl. volume* 164,625,596 367,514,108 414,054,589
Total volume* 688,272,322 713,334,426 700,838,737
Closing tick +3 +124 +157
Closing Arms (TRIN)† 0.80 1.28 0.94
Block trades* 6,039 5,722 5,798
Adv. volume 2,055,767,221 1,194,673,083 1,072,702,113
Decl. volume 650,441,408 1,483,656,447 1,759,254,574
Total volume 2,759,051,622 2,746,814,871 2,884,775,152
Nasdaq Latest close Previous close Week ago
Issues traded 3,042 3,027 3,058
Advances 2,010 1,238 947
Declines 846 1,605 1,943
Unchanged 186 184 168
New highs 54 34 59
New lows 66 109 98
Closing tick +254 -222 +160
Closing Arms (TRIN)† 0.90 1.11 0.57
Block trades 7,267 7,056 6,196
Adv. volume 1,122,906,237 616,481,335 704,546,330
Decl. volume 423,525,570 884,878,562 822,416,080
Total volume 1,583,729,654 1,542,695,572 1,559,068,669
NYSE American Latest close Previous close Week ago
Issues traded 338 336 335
Advances 175 131 94
Declines 135 186 226
Unchanged 28 19 15
New highs 2 1 1
New lows 5 8 8
Adv. volume* 3,315,849 2,680,059 2,169,792
Decl. volume* 3,042,227 3,373,859 4,305,625
Total volume* 6,673,771 6,372,249 6,621,924
Closing tick ... -20 +12
Closing Arms (TRIN)† 1.14 0.72 0.96
Block trades* 56 78 94
Adv. volume 39,516,915 30,575,370 17,874,238
Decl. volume 34,768,729 31,380,041 41,163,085
Total volume 77,657,440 65,211,250 60,899,261
NYSE Arca Latest close Previous close Week ago
Issues traded 1,274 1,276 1,284
Advances 924 659 409
Declines 330 576 828
Unchanged 20 41 47
New highs 36 23 13
New lows 16 41 40
Adv. volume* 121,187,072 93,707,430 67,100,549
Decl. volume* 79,403,571 100,088,796 117,303,014
Total volume* 202,079,781 195,629,426 189,899,151
Closing tick +35 -10 -37
Closing Arms (TRIN)† 1.47 1.33 0.98
Block trades* 981 1,059 1,015
Adv. volume 527,424,602 388,185,676 247,823,483
Decl. volume 277,441,205 451,316,422 490,044,285
Total volume 812,338,141 850,491,426 761,413,297

*Primary market NYSE, NYSE American or NYSE Arca only. †Compares the ratio of advancing to declining issues with the ratio of volume of shares rising and falling. Arms Index or TRIN = (advancing issues / declining issues) / (composite volume of advancing issues / composite volume of declining issues.) Generally, an Arms of less than 1.00 indicates buying demand; above 1.00 indicates selling pressure.









RtS