Microsoft sells its feature phone business to Foxconn for $350 million

[Windows Central]

Microsoft has confirmed it will sell its feature phone business to FIH Mobile, a subsidiary of Hon Hai/Foxconn Technology Group, and HMD Global, Oy, for $350 million. As a result, 4,500 of its employees will transfer to either FIH Mobile Ltd. or HMD Global, Oy.

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