MOU( foxconn) is a plus but hardly means anything to Dnex bottom line Yet. Foxconn signed many MOU with China Chips makers but sooner or later China Wafer Co. pull-Out bcos Foxconn demand lowest price but highest Quality Wafer. I think it is better to stick with China players, atleast their Demand is Not so much.
I agree with your point. MOU is nothing and will not impact DNeX bottom line. It also take 2-3 years before the first product roll out eg construction, installation and qualification / test.
Those MOUs with Chinese firms are slightly different. Why?
Because Hon Hai has already owned 5.03% of DNeX. They already have a foot past the door.
Here are a few more pointers
Hon Hai aims for 10% of EV market
Under Hon Hai 3+3 initiative - 3 emerging industries of EVs, robotics and digital health care applied AI, semiconductor, and comms technologies - DNeX / SilTerra is a good fit as they have products in many of those areas including health care.
From PR the new plant will use "matured" processes which reduces the need for more RnD and risks.
Macam main guli-guli.......From a respectable entity with good integrity to no other than those waving MOU to prop up price............paper full of bullet holes, leaking water all over the place.
New wafer foundry plant JV that needs TIME (3 years) and MONEY, lots of money, something like USD4 Billions = RM17+ Billions.......Talk is cheap..........
No wonder my pet fish nearly dropped off his chair. But these jokers here thinks it's a done deal........hehehe
Trevor, please chill and stay calm. These people don't deserve us anymore. At Axe Cap, we act professionally and we're gentlemen. We're educated and trained to do what we do best......
EnglishBob want to make people muntah.. early this morning..
At lunch other day, told my friends, "Dx signed MOU, JV for RM17.6 BILLIONS!" NONE OF THEM COULD STOP LAUGHING, NEARLY CHOKED BY FOOD IN MOUTH......hahahaha
wakaka...baru ni nampak Dnex di tempat pasar malam, mari2... lelong2, satu ringgit satu, satu ringgit satu..pelahan2 kita JV besar2. Hehehe...happy weekend.
777 kurang ajar... mak dia tak ajar dia cakap dengan sopan sikit... His mother did not teach him or her to be polite when speak in public whether he is right or wrong... is ok not to be polite but do not to condemn others when others raised any points... the problem is he act as if he knows everything about DNex... but he doesn't know what he doesn't know... wakakaka
Big thing? You call this smoke and mirrors a big thing. Clearly you are the one would doesn't know which is the right way, standing on legs or your head???
4.1. Scope of MOU The Parties are discussing on the collaboration to set up a joint venture company for the Proposed Project. The MOU is an understanding of the Parties’ intentions and is not intended to create any legal relations nor to be legally binding on the Parties.
4.2. Definitive Agreement During the duration of the MOU, the Parties will endeavour to negotiate to enter into definitive agreement(s) based on the structure of the Proposed Project and its financial details.
4.3. Duration The MOU is valid for a period of one (1) year commencing from 17 May 2022 and may be further extended by mutual agreement by the Parties (“the Term”). Notwithstanding the foregoing, the MOU will terminate prior to the expiry of the Term if:
(a) A definitive agreement has been executed between the Parties; or (b) Terminated by either one of the Parties by giving one (1) month notice of termination in writing.
Just smoke no fire yet .. so hold on your coffee mugs. Also no many billions being mentioned. Who or how the bill is going to be split and paid? Nada ...
Foreplay only? Or marriage and consummation? (Note - not just marriage!). Here are the attempts based on info published
1 Hon Hai 3+3 initiative 2 Foxconn was amongst the bidders for Silterra from Khazanah 3 DNeX won the bid 4 Hon Hai / Foxconn bought 5% DNeX to become substantial shareholders 5 Dr Bob Chen of Hon Hai is on the board of DNeX and SilTerra
Have a great weekend peps ...
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Surge
377 posts
Posted by Surge > 2022-05-19 09:12 | Report Abuse
This situation translate to collection time