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The Latest Breaking News from Foxconn

Will Foxconn Pivot Away From China?

Aggressive local competition and rising geopolitical risk make the contract electronics manufacturing giant’s China dependency more precarious than ever.

Fisker Poaches BMW US Plant Executive To Lead Global Manufacturing

Fisker Poaches BMW US Plant Executive To Lead Global Manufacturing

Before joining Fisker, Alpay Uguz served as general manager of assembly for BMW X5, X6, X7 and Motorsport at BMW's SUV plant in Spartanburg, South Carolina.

Tamil Nadu makes EV pitch to Foxconn

Tamil Nadu makes EV pitch to Foxconn

Government officials meet chairman Young Liu and offer help in expansion

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Key Apple Supplier Foxconn's Chief Meets India's PM Modi: EV Manufacturing Finds Mention

Hon Hai Precision Ltd. (OTC: HNHPF) Chairman Young Liu met the Indian Prime Minister Narendra Modi on Thursday as Apple Inc's (NASDAQ: AAPL) oldest and largest supplier continues

KTR showcases Telangana to Foxconn

Minister meets chairman Young Liu, invites firm to explore State for investment

Apple Supplier Foxconn Breaks Ground On First EV Battery Plant

One of Apple Inc's (NASDAQ: AAPL) oldest and largest suppliers, Foxconn, has forayed into the electric vehicle segment.

Thailand BOI approves US$6.2 billion in investments, including Foxconn-PTT’s EV venture, and improved battery, smart zones incentives

The Thailand Board of Investment (BOI) at a meeting on June 13, 2022, approved a combined 209.5 billion baht (US$6.2 billion) worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co., Ltd., a joint venture between Taiwan’s Foxconn and Thailand’s PTT PCL, to…

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BoI approves B36bn Foxconn-PTT EV battery JV

BoI approves B36bn Foxconn-PTT EV battery JV

The Board of Investment (BoI) on Monday approved a joint venture worth 36.1 billion baht between Taiwan's Foxconn and PTT Plc to produce batteries for electric vehicles.

Inside Thailand’s EV Revolution

Inside Thailand’s EV Revolution

From luxury cars to tuk-tuks, an electric era dawns

After Microsoft And Nvidia, This Major Apple Supplier Became Ransomware Target

After Microsoft And Nvidia, This Major Apple Supplier Became Ransomware Target

Key Apple Inc (NASDAQ:AAPL) supplier Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, was hit by a ransomware attack on May 31, the Bleeping Computer reports. The attack disrupted operations at one of Foxconn's Mexico-based production plants. The Foxconn Baja California plant produced medical devices, consumer electronics, and industrial operations, the TechCrunch reports. Also Read: President…

"Judge Dismisses Bogus Defamation Lawsuit Against Foxconn Critic"

The Institute for Justice, which represented the critic, so reports.

Joining the EV revolution in Asean

Joining the EV revolution in Asean

Governments in Southeast Asia are floating very ambitious plans to capture a share of the electric vehicle market. And rightfully so.

Foxconn Completes Ohio Plant Purchase, Endurance EV May Be Delayed

Foxconn Completes Ohio Plant Purchase, Endurance EV May Be Delayed

As part of the deal, Foxconn also assumes the responsibility for assembling the Endurance electric pickup and hires 400 manufacturing employees from Lordstown.

Boss of world’s biggest microchip maker SMIC says smartphone demand dropping ‘like a rock’

Boss of world’s biggest microchip maker SMIC says smartphone demand dropping ‘like a rock’

The world’s biggest microchip maker has said demand for mobile phones and computers has dropped “like a rock” as war in Ukraine and Covid lockdowns in China take their toll on consumer demand for electronics.

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Investors Business Daily

Apple iPhone Manufacturer Foxconn Warns Of Cooling Smartphone Demand

Apple manufacturing partner Foxconn warned of cooling smartphone demand and supply chain challenges that the company is facing in China.

Fisker Teases Pear Compact EV, Announces Production In Ohio In 2024

Fisker projects the Pear to have a starting price of $29,900.

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Why Lordstown Motors (RIDE) Stock Is Up 22% Today

Lordstown Motors Corp's (NASDAQ: RIDE) stock is trading 21.8% higher at $1.84 in the premarket session on Thursday.

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Apple Supplier Foxconn Weathers It All To Report Highest Quarterly Profit In 8 Years

Apple, Inc. (NASDAQ: AAPL)'s iPhone assembler Hon Hai Precision Industry Co., Ltd.

Why Lordstown Motors Shares Are Sliding Today

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Beijing steps up COVID curbs as virus spreads in China

Beijing shut scores of metro stations and bus routes and extended COVID-19 curbs on many public venues on Wednesday, focusing efforts to avoid the fate of Shanghai, where millions have been under strict lockdown for more than a month.

Lordstown, Foxconn Postponed Ohio Factory Sale Deadline

Lordstown Motors Corp (NASDAQ:RIDE) agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, Bloomberg reports. The struggling EV startup needs to repay Foxconn if the deal does not close by May 14. Foxconn acknowledged that the two sides were still negotiating…

Apple Partner Starts Assembing Only iPhone 13 In Brazil: Is It The End Of The Line For This Budget Model?

Apple Inc (NASDAQ: AAPL) manufacturing partner Hon Hai Precision Industry Co., Ltd’s (OTC: HNHPF), better known as Foxconn, is now solely making iPhone 13

India Tries To Attract Intel, TSMC, GlobalFoundries To Set Up Local Plant

India is in talks with global chipmakers Intel Corp (NASDAQ:INTC), GlobalFoundries Inc (NASDAQ:GFS), and Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) about setting up local operations, Bloomberg reports. India aspires to become an electronic hub like neighbor China, Bloomberg notes. In India, a venture between billionaire Anil Agarwal’s Vedanta Group and Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC:HNHPF),…

Apple supplier suspends production at two China factories

Operations halted at factories in eastern China’s Kunshan after COVID-19 cases reported.

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