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The Latest Breaking News from Foxconn

KTR showcases Telangana to Foxconn

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

The Hindu

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.

Benzinga

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…

Bangkok Post

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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.

Bangkok Post

Inside Thailand’s EV Revolution

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

Bangkok Post

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…

Benzinga

"Judge Dismisses Bogus Defamation Lawsuit Against Foxconn Critic"

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

Reason

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Stock Futures Higher, Nvidia, Twitter, Apple and Snowflake In Focus- 5 Things You Must Know

Stock futures higher on Fed minutes follow-through; Nivida slumps as muted gaming outlook clouds solid Q1 earnings; Twitter leaps as Elon Musk adds more equity to takeover bid; Apple slides on report of flat iPhone production for 2022 and Snowflake slumps after Q1 customer growth, margins disappoint

The Street

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.

Bangkok Post

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.

InsideEVs

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.

Evening Standard

Tesla Rival Says it Will Build $30K Electric SUV in Ohio

Now that a star-crossed deal has closed, new plans are being rolled out to compete with the sector's king.

The Street

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.

Investors Business Daily

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

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

Motor1

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Benzinga

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

CNBC Instacart Confidentially Files For US IPO

The Street

Stock Market Today - 5/12: Stocks End Mixed As Crypto Market Wobbles, Growth Concerns Weigh

Stocks end mixed Thursday, with Nasdaq squeaking into the green, as crypto markets wobble amid the collapse of TerraUSD and accelerating bets on near-term Fed rate hikes.

AFP

Taiwan's Foxconn says impact from Chinese lockdowns limited

Taipei (AFP) - Taiwanese tech giant Foxconn on Thursday said the impact on production from Covid lockdowns in China was "limited" and most of its facilities in the country were operating normally.

The Street

Stocks Resume Slide, Disney, Apple, Beyond Meat And Bitcoin In Focus - Five Things You Must Know

Stock futures slide, dollar leaps as tech rout continues; Disney shares slump as muted outlook clouds impressive streaming gains; Apple shares extend bear slump as Foxconn cautions on smartphone demand; Beyond Meat shares plunge as marketing, inflation costs eat into profits and Bitcoin crashes below $26,000 as stablecoins wobble.

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Benzinga

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.

Benzinga

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.

Benzinga

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…

Reuters

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.

The Street

A Tesla Challenger May Miss a Key Deadline - Again

A scrappy startup once again delays production of its electric truck.

Benzinga

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…

Benzinga

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

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Duangjai Asawachintachit

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