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Foxconn sees full China production resuming late-February - source
Thu, Feb 06, 2020
Taiwan`s Foxconn <2317.TW> aims to gradually restart operations at factories in China next week but it could take one to two weeks from then to resume full production due to the coronavirus outbreak, a person with direct knowledge of the matter said
Foxconn Chairman Terry Gou hands over reins to the new committee
Fri, Jun 21, 2019
Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world`s largest electronics contract manufacturer to a new operations committee.
Foxconn's Gou says may run for Taiwan president, step back from daily business
Tue, Apr 16, 2019
Taiwan is gearing up for presidential elections in January at a time of heightened tensions across the Taiwan Strait, with Chinese bombers and warships conducting drills around the self-ruled island on Monday.
Apple iPhone mass production to start in India soon; Foxconn chairman invited by PM Modi: Report
Mon, Apr 15, 2019
The mass production of Apple's iPhones will start in India this year. According to a report by Bloomberg, the chairman of Taiwan's Foxconn, which assembles iPhones, has confirmed the development.
Foxconn to begin assembling top-end Apple iPhones in India in 2019 - source
Thu, Dec 27, 2018
Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter.
Foxconn to build $9 bln chip plant in China with local govt: Nikkei
Fri, Dec 21, 2018
Taiwan`s Foxconn, Apple Inc`s iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about $9 billion, the Nikkei business daily reported on Friday.
Apple''s Asia suppliers fall on report it cancelled production boost for iPhone XR
Tue, Nov 06, 2018
Apple Inc`s Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.
Shopping, video, games app user base to increase by 60% in 2019: Momagic
Sun, Nov 04, 2018
Mobile applications in the category of shopping, video and games are expected to see 60 per cent more users by 2019, according to a report published by Foxconn and Mediatek funded apps distribution firm Momagic.
Foxconn imagines life beyond Apple but faces major risks as it diversifies
Wed, Jun 06, 2018
Foxconn, which kicks off a three-day event on Wednesday to celebrate its 30 years doing business in China, already does much more than assemble goods for others.
Apple supplier Foxconn posts 14.5 percent drop in first-quarter net profit
Mon, May 14, 2018
Taiwan`s Foxconn, the world`s largest contract electronics maker and a key Apple supplier, posted a 14.5 percent fall in first-quarter net profit on Monday, lagging estimates despite a strong quarter for the U.S. iPhone maker.
Foxconn unit luring cornerstone investors for Shanghai IPO
Mon, May 14, 2018
Foxconn Industrial Internet is yet to finalise the size of the initial public offering (IPO), but it plans to use the proceeds to finance investments totalling 27.3 billion yuan ($4.3 billion) on areas including cloud computing, data centre and 5G related projects, according to the prospectus filed on Monday.
Foxconn to invest Rs 6,000 crore in India
Thu, Dec 14, 2017
Foxconn is looking to invest Rs 6,000 crore in India to set up a 200-acre plant in the special economic zone (SEZ) of the Jawaharlal Nehru Port Trust (JNPT) near Mumbai, which will provide employment to nearly 40,000 people, reports ET.
Apple’s most expensive iPhone X assembled by 17 year old minors in Asia, says report
Wed, Nov 22, 2017
Foxconn has allegedly employed underage students to assemble the very expensive iPhone X.
Foxconn's third-quarter profit slides below estimates after iPhone X production hurdles
Wed, Nov 15, 2017
Taiwan`s Foxconn <2317.TW>, the world`s largest contract electronics manufacturer and a major Apple supplier , posted a 39 percent drop in third-quarter earnings due to later-than-expected product shipments.
Apple to build Iowa data centre, get $207.8 million in incentives
Fri, Aug 25, 2017
Apple will purchase 2,000 acres (8.09 square km) of land in Waukee, about 20 miles (32 km) west of Des Moines, to build two data centres. The company will receive a $19.65 million investment tax credit for creating 50 jobs.
Snapdeal to send Flipkart's proposal to shareholders this week
Sun, Jul 30, 2017
The Board wants to get the shareholders' opinion on the proposed deal, two people aware of the developments said.
Apple considers bidding for big stake in Toshiba's chip business: Report
Fri, Apr 14, 2017
According to NHK news report, Apple is considering to team up with its supplier Foxconn to bid for Toshiba Corp`s semiconductor business and considering to invest several billion dollars to take a stake of more than 20% into the company.
Lack of clarity on Toshiba earnings audit is a problem, says Japan's Finance Minister
Wed, Apr 12, 2017
Toshiba filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the industrial conglomerate.
Xiaomi aims to create 20,000 jobs in India
Tue, Mar 28, 2017
Lei said after its success in the online market in India, the company wants to take its offline presence much higher by increasing its market share to 50 per cent of Xiaomi`s total sales.
Xiaomi to start sale of Redmi 4A on Amazon India, Mi.com on March 23; here's how you can buy it
Tue, Mar 21, 2017
Xiaomi has launched Redmi 4A in India which will go on sale on Amazon India, Mi.com from March 23 onwards.