Microsoft sold Garaka division to a subsidiary of Foxconn

Microsoft agreed to sell all of the brand software and services of the feature phone business called so-called "Garaka" business to FIH Mobile Ltd, a subsidiary of Hon Hai / Foxconn Technology Group, and Finnish company HMD Global, Oy It announced.

Microsoft selling feature phone business to FIH Mobile Ltd. and HMD Global, Oy | News Center
https://news.microsoft.com/2016/05/18/microsoft-selling-feature-phone-business-to-fih-mobile-ltd-and-hmd-global-oy/#sm.0006hu9n36t3dv810mj13q2364tlq


Nokia signs strategic brand and intellectual property licensing agreement
http://company.nokia.com/en/news/press-releases/2016/05/18/nokia-signs-strategic-brand-and-intellectual-property-licensing-agreement-enabling-hmd-global-to-create-new-generation-of-nokia-branded-mobile-phones-and-tablets


The sale price by agreement is $ 350 million (about 38.5 billion yen). In addition, FIH Mobile Ltd also has a manufacturing facility Microsoft Mobile Vietnam in Hanoi, Vietnam. According to this agreement, approximately 4,500 people are said to get the opportunity to transfer to FIH Mobile or HMD Global, Oy or join the company.

According to Microsoft, the sale details are all of the feature phone business such as brand, software, service, care network, customer contract, supply contract etc. All sales will be completed in the second half of 2016.


In addition, Nokia has announced that it has agreed to a license agreement on intellectual property with HMD Global, Oy on May 18, and HMD Global, Oy who has an exclusive contract with Nokia's mobile phone / tablet It is a pattern to be responsible for designing, manufacturing and selling products based on contracts.

Microsoft continues to develop Windows 10 Mobile in the future and is also supporting terminals with Lumia terminals such as Lumia 650 · Lumia 950 · Lumia 950 XL, OEM partners such as Acer, HP, Trinity and VAIO .