Liu Yangwei, chairman of Hon Hai: the impact of Silicon Valley banks is expected to be US $100 million.

CTOnews.com March 15 news, this afternoon, Hon Hai held an online legal person briefing. Hon Hai expects the impact of Silicon Valley banks to be $100m (CTOnews.com Note: currently about 688 million yuan) and that the Silicon Valley bank incident does not pose a systemic risk, Hon Hai said.

Mr Liu said Hon Hai did not deposit money in Silicon Valley banks or deal with Silicon Valley banks, but in the investment fund section, some of the funds reinvested by Hon Hai invested in startups that had dealings with Silicon Valley banks.

Liu Yangwei said that at present, it seems that the impact of the Silicon Valley banking turmoil on Hon Hai Group is about 100 million US dollars, but the US government has announced that it will take full measures to protect the rights and interests of depositors in Silicon Valley banks, and the expected impact can be minimized. Systemic risk should not occur. At present, it seems that Silicon Valley banks have little impact.

Looking forward to the six main axes of this year, Hon Hai Chairman Liu Yangwei said that the field of investment and communications will strengthen innovation and link new businesses, maximize net profit per share, promote global layout and partnership in the semiconductor sector, and strengthen the layout of the third generation semiconductors. In the field of electric vehicles, Hon Hai Chairman Liu Yangwei pointed out that expand the layout of electric vehicles in North America and deepen the customer base, expand cooperation with traditional and new car manufacturers, in addition, there will be new developments in the field of batteries, components and models will be assembled in the field of software, layout of vehicle networking infrastructure, layout of augmented reality (AR) / virtual reality (VR) glasses content and applications.