UPDATE 1-Nikon gets Foxconn request to delay equipment installation at China plant [Reuters]
NIKON CORP UNSP/ADR (NINOY)
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Source: Reuters
Nikon gets Foxconn request to delay equipment installation at China plant TOKYO (Reuters) - Nikon Corp said it had been requested by Foxconn Technology Group to delay the installment of equipment at the Taiwanese firm’s new liquid crystal display (LCD) plant in the southern Chinese city of Guangzhou. Comments from the Japanese equipment maker come after Foxconn, formally Hon Hai Precision Industry Co, last week said its plant at Guangzhou was on schedule and denied a media report of production delay. “We received the request for delay last month,” Nikon’s finance chief Masashi Oka said at an earnings briefing. “But we are yet to discuss how long we should delay and other details.” The request comes at a time when tech companies are bracing for a tough year in China as growth in the world’s No.2 economy slows, exacerbated by a protracted Sino-U.S. trade war. Industry behemoths such as Apple, Samsung Electronics and Intel have already warned of weaker demand for electronic devices in th
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