# Hon Hai and Adlink form robotic venture FARobot

Hon Hai Precision Industry Co and Adlink Technology Inc formed a joint venture, FARobot, to develop autonomous mobile robots. Hon Hai holds a 51% stake and Adlink 49%, with NT$200 million (US$6.82 million) in capital.

- Type: Acquisition
- Announced: 2020-09-24
- Where: New Taipei City's Jhonghe District, TWN
- Value: $6.82M (200.0M TWD)
- Status: announced
- Products: autonomous mobile robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hon Hai Precision Industry Co., Ltd.](https://endata.com/companies/17449.md) (acquirer)
- [ADLINK Technology](https://endata.com/companies/47596.md) (acquirer)
- [FARobot](https://endata.com/companies/50141.md) (target)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2020/09/25/2003744010), 2020-09-24: "Together, the two companies put up NT$200 million (US$6.82 million) in capital for the new venture, which opened its doors on Wednesday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.