Thu, Feb 08, 2024
On February 6, Foxconn had said in a regulatory filing that the announcement about inviting bids was on behalf of its subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant. The source said the Rs 1,200 crore bid is not for the company's semiconductor joint venture with HCL.
Mon, Feb 05, 2024
Foxconn's shares closed down 0.5 per cent on Monday ahead of the release of its January numbers, compared with a 0.2 per cent gain for the broader market.
Sun, Feb 04, 2024
Foxconn, formally called Hon Hai Precision Industry Co Ltd, will report fourth-quarter earnings next month when it will also update its outlook for this year.
Thu, Jan 18, 2024
Foxconn said in a regulatory filing that its India unit will own a 40 per cent stake in the joint venture with a $37.2 million investment. HCL did not disclose financial details from its side.
Wed, Dec 13, 2023
Electronics manufacturing major Foxconn had earlier received approval to invest Rs 8,000 crore in the state. Foxconn is the world's largest electronics manufacturer, with total revenue exceeding New Taiwan dollar 6 trillion in 2022.
Thu, Dec 07, 2023
Companies like Desay and Simplo package the electric cells produced by TDK and their counterparts into modules and send them to assemblers such as Taiwanese contract manufacturer Foxconn, the report mentioned.
Tue, Dec 05, 2023
Foxconn last month logged a surprise 11 per cent increase in third-quarter profit, helped by gains in non-operating income but predicted revenue would fall slightly for the year.
Mon, Dec 04, 2023
Chennai Cyclone Michaung: Cyclone Michaung wreaked havoc across Chennai and its neighbouring districts, inundating the city, causing disruptions in flights and trains, and startling residents with a video capturing a crocodile crossing a submerged road. Sources said that several factories in and around Chennai have temporarily suspended operations.
Mon, Nov 27, 2023
The company, which announced the investment plan in a stock exchange filing, did not provide any further details. Foxconn has been rapidly expanding its presence in India by investing in manufacturing facilities in the south of the country.
Tue, Nov 14, 2023
The profit beat a T$34.5 billion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.
Mon, Oct 23, 2023
The Global Times did not give details of the tax or land use probes, which have not been officially announced by any Chinese government department.
Sun, Oct 22, 2023
China's natural resources department also conducted on-site investigations on the land use of enterprises of Foxconn in Henan, Hubei provinces and other places, according to the exclusive report in the nationalist tabloid, the Global Times. It did not elaborate on the investigations or the timing of them.
Wed, Oct 18, 2023
Sharing a stage at Foxconn's annual Tech Day in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies were building AI factories together.
Thu, Oct 05, 2023
Foxconn said in a statement that with the second half of the year a "traditional peak season" for consumer tech products, operations "will ramp up sequentially".
Mon, Sep 18, 2023
iPhone-maker Apple's supplier Foxconn has committed to doubling employment, investments and business size in India by next year, underlining its smooth and rapid growth in the country, according to a social media post by a company executive.
Mon, Aug 28, 2023
At a news conference, Gou criticized the governing Democratic Progressive Party, saying its policies have “brought Taiwan into the risk of war” with China, which claims the self-ruled island democracy as part of its territory.
Sat, Aug 12, 2023
Taiwan-based contract manufacturer Foxconn is Apple's biggest supplier."…FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.
Mon, Jul 31, 2023
Foxconn's FII makes electronic devices, cloud service equipment and industrial robots.
Fri, Jul 28, 2023
Foxconn on Friday said it is optimistic about direction of India's semiconductor roadmap, and asserted that Taiwan is and will be India's most trusted and reliable partner.
Thu, Jul 27, 2023
Foxconn aims to complete the plant by 2024, with further investments expected afterwards. A final decision has not been made, Reuters reported, citing sources.
Sat, Jul 15, 2023
Foxconn is in talks with Taiwan Semiconductor Manufacturing Company and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India.
Fri, Jul 14, 2023
The Karnataka government in March, through its state high-level clearance committee (SHLCC), had cleared the investment proposal by Foxconn.
Tue, Jul 11, 2023
Foxconn, the Taiwanese electronics giant, has pulled out of its $19.5-billion joint venture with Vedanta to set up a chipmaking plant in India. However, Foxconn is still interested in investing in India's semiconductor market and will apply for incentives from the Indian government to set up a separate chipmaking unit. The company is in talks with local and international partners to collaborate on the project.
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