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Foxconn's Move Boosts Optical Cable Stocks!
Monday, Jun 9, 2025 7:08 am ET1min read
Optical Cable Corporation rose 6.36% in premarket trading. The company's stock price increase may be attributed to the acquisition of a stake in TMJ Technology by Foxconn Unit for $92.07 million. This acquisition could potentially benefit , as Hon Hai Precision Industry Co Ltd, the parent company of Foxconn, is involved in the manufacture and sale of optical and network cable assembly and other related products.
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