On October 19, Hon Hai revealed that its investment management arm, Lin Yin, is set to forge a strategic partnership with Mitsubishi Electric, with the aim of jointly managing the automotive equipment sector. Under the terms of the deal, Mitsubishi Electric will relinquish a 50% stake in its automotive equipment subsidiary, Mitsubishi Electric Mobile, to Lin Yin. Both entities will then co-operate the company. The anticipated financial outlay for this equity acquisition is estimated at JPY 115 billion (around USD 727 million), with the enterprise valuation of the targeted business pegged at JPY 320 billion (roughly USD 2.024 billion) and the equity valuation at JPY 230 billion (approximately USD 1.454 billion). The transaction price is set according to the equity valuation. It is projected that, once all pertinent conditions are met, the equity transfer will be finalized on October 1, 2027.