S&P: Hon Hai unchanged

Standard & Poor's said the rating on Hon Hai Precision Industry Co. Ltd. (A-/stable) is not affected by the company's announcement that it would acquire certain personal computer assets of Sanmina-SCI Corp. (B+/negative).

Hon Hai has not disclosed the value of the acquisition, but Sanmina-SCI estimates it at about $90 million, which S&P said 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 personal computer business, the agency said.

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