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The Latest Breaking News from Foxconn

Corning To Open Gorilla Glass Facility In India As Apple Expands Manufacturing Footprint

The New York-headquartered glass maker will work with its Indian partner Optiemus Infracom to set up the facility, expected to be built on a 25-acre plot. It will reportedly employ around 300 people.

International Business Times

Stock Market Today: Stocks Struggle, Apple Reclaims $3 Trillion Market Cap Mark

Apple quietly reclaimed the $3 trillion market cap level Tuesday amid a choppy day for the main indexes.

Kiplinger

Apple, IBD Stock of the Day, Breaks Out As Key Supplier Raises Outlook

AAPL is the IBD Stock of the Day, as Apple stock is breaking out after a key supplier raised its sales outlook.

Investors Business Daily

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Apple hits 4-month high as iPhone assembler Foxconn boosts sales outlook

Apple's key supply chain partner just boosted its sales outlook, suggesting solid demand for iPhones, tablets and PCs over the holiday season.

The Street

As Fisker Stock Drops to Record Lows, Should You Buy or Sell?

EV stock Fisker has lost more than 60% of its value in the last month alone, and is now trading near record lows. Is the stock a buy or a sell at current prices?

Barchart

How High Can Nvidia Stock Rise in the 'Second Wave' of AI?

Chip designer Nvidia has reaped the benefits of the first artificial intelligence wave of 2023, rising an incredible 228% so far. With the second wave of AI underway, and following strong Q3 results, Wall Street sees the stock soaring higher.

Barchart

Taiwan's Foxconn Plans To Invest $1.54 Bn More In India

The company said in a filing to Taiwan Stock Exchange late Monday that its Indian subsidiary plans to spend around $128 billion rupees on "engaging others to build on owned land" for "operational needs".

International Business Times

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Taiwan's opposition spent an hour publicly arguing over who will run for president. They can't decide—and the deadline to register is in under 24 hours

Candidates for Taiwan's presidential election on Jan. 13 differ on a key question: How should the self-governing island deal with mainland China?

Fortune

NVIDIA (NVDA) Pre-Earnings Moves: A Chip Stock Opportunity?

In the dynamic world of semiconductor stocks, NVIDIA Corp (NVDA) has consistently stood out as a market leader. As the chip giant gears up to unveil its upcoming quarterly results, could it be a wise investment candidate for your portfolio? Let’s find out….

StockNews.com

Dell, HP, Foxconn, among 27 firms granted approval under new IT hardware PLI scheme: Vaishnaw

The Government said 27 companies, including Dell, HP, and Foxconn, have been granted approval under the new production-linked incentive scheme for IT hardware.

The Hindu

Sharp Debuts the First Roku-Powered OLED TVs

In nearly 10 years on the market, the Roku TV program has never featured a set using high-end 'organic light-emitting diode' display technology ... until now

Broadcasting & Cable

As the Stock Hits New Lows, How Long Can Lucid Motors Survive?

With Lucid Motors stock falling to one new low after the other, many investors now wonder whether the company can stay in business. However, Lucid might not go bankrupt - at least, not for the next couple of years.

Barchart

Fisker Has ‘2 Cars That Are Almost Ready,' Might Be Made By ‘Traditional’ Car Companies

The American startup is already building the Ocean SUV under contract in Austria, but things might not be set in stone for its next models.

InsideEVs

People of Telangana are vexed with ‘abysmal rule’ of BRS, says Karnataka Deputy Chief Minister D.K. Shivakumar

People of Telangana are vexed with ‘abysmal rule’ of BRS, says Karnataka Deputy Chief Minister D.K. Shivakumar. They are looking for a change, he says. The five guarantees being implemented in Karnataka will be implemented in Telangana too, he says.

The Hindu

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The Street

Apple gains as iPhone-maker Foxconn sees solid holiday smartphone demand

Foxconn, the world's biggest iPhone assembler, stuck to its forecast of "significant growth" for the final months of the year amid an uptick in demand ahead of Singles Day and Black Friday.

The Hindu

DKS terms letter to Foxconn a fake

DK Shivakumar, Karnataka Deputy CM, has called a letter circulating on social media to relocate Foxconn's unit from Hyderabad to Bengaluru a fake. He lodged a FIR with the Cybercrime Police Station in Bengaluru. Reports suggest Congress govt in Karnataka is trying to get tech units shifted from Hyderabad to…

The Hindu

Karnataka Deputy CM wrote to Foxconn for its Hyderabad unit’s relocation to Bengaluru, alleges KTR

K.T. Rama Rao reveals D.K. Shivakumar wrote to Foxconn to consider relocating their unit from Hyderabad to Bengaluru. He warned that if people support Congress in Telangana, governance will be from Delhi via Bengaluru. Foxconn had agreed to set up unit in Hyderabad, with production to start in May, providing…

The Street

Apple falls; muted sales forecast and China woes cloud Q4 earnings

Apple will need a better-than-expected holiday season to avoid a fifth consecutive quarterly sales decline amid questions about iPhone 15 demand and slowing growth rates in China.

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The Street

Stocks extend slide, Chevron mega-deal, Apple slumps, 2-year auction on deck, Roivant drug sale - 5 Things To Know

Stocks slide, Chevron mega-deal, Apple, 2-year auction, Roivant drug sale

France 24

Argentina's economy takes centre stage in presidential election

Voters in Argentina have picked two candidates for November's presidential run-off, as the country faces economic turmoil. Centre-left economy minister Sergio Massa will be facing libertarian populist Javier Milei, and the pair have very different views on how Argentina's economy should be handled. We take a closer look. Also, Chinese…

The Street

Apple slides amid reports of China tax probe into iPhone assembler Foxconn

Taiwan based Foxconn, the world's biggest assembler of Apple iPhones, is reportedly in the crosshairs of tax authorities in China.

Barchart

Stocks Set to Open Lower as Investors Await Key U.S. Inflation Data and Big Tech Earnings

December S&P 500 futures (ESZ23) are down -0.76%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.92% this morning as the benchmark U.S. 10-year yield hit 5% for the first time since 2007 while market participants geared up for earnings reports from some of the biggest tech heavyweights as…

The Guardian - UK

China launches tax investigations into Apple iPhone maker Foxconn

Tax audits and land use inquiries follow company founder announcing run for Taiwan presidency

The Guardian - UK

UK borrowing costs hit new 25-year high; Chinese stocks fall to pre-pandemic level – as it happened

Rolling, live coverage of business, economics and financial markets as British bond yields rise amid expectations of stubbornly high interest rates

The Independent UK

Apple supplier Foxconn subjected to tax inspections by Chinese authorities

Chinese state media report that Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities

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