Foxconn, the Taiwan-based manufacturer of iPhones, is putting its interest in pursuing Nissan Motor on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor, according to a person familiar with the matter.
The decision to pause comes after Foxconn sent a delegation to meet with Renault – which owns 36% of Nissan and will have a say in any tie-up – in France, people with knowledge of the matter said.
But the smartphone-maker is not giving up completely, preferring to see if the two Japanese marques make legitimate progress towards a deal before deciding on its next move, the people said.