Foxconn subsidiary sells Vizio stake to Walmart

Hon Hai (Foxconn) announced that its subsidiary sold all its shares in smart TV brand Vizio to US retail giant Walmart for a total of US$50,704,949 (approximately NT$1.644 billion, approximately RMB 368 million). Hon Hai said that the sale was to realize investment benefits, and based on the acquisition cost, it has realized a profit of US$26,934,861.