Mitsubishi Electric, Hon Hai subsidiary aim for FY 2030 1 tril. yen sales

Mitsubishi Electric Corp. and a subsidiary of Taiwan’s Hon Hai Precision Industry Co. said Monday they aim to generate 1 trillion yen ($6.3 billion) in sales by fiscal 2030. The companies made the announcement in Tokyo. Their stated objective highlights a large-scale sales ambition linking the Japanese and Taiwanese electronics groups.