HONG KONG (Standard&Poor's) Feb. 20, 2008--Standard&Poor's Ratings Services said today that its rating on Hon Hai Precision Industry Co. Ltd. (Hon Hai; A-/Stable/--) is not affected by the company's announcement yesterday that it will acquire certain personal computer assets of U.S.-based Sanmina-SCI Corp. (B+/Negative/--). While Hon Hai has not disclosed the exact value of the acquisition, Sanmina-SCI estimates it will cost less than US$90 million, which is not a material sum to Hon Hai and would not have any significant impact on its financial profile. In addition, the acquisition is unlikely to change Hon Hai's strategy for its PC business. Sanmina-SCI's PC business generated US$3.15 billion in revenue in the year ended Dec. 29, 2007.
