Tag Archives: foxconn

We've recently heard a lot about Nvidia's interest in acquiring ARM, but it was only a matter of time before other suitors began popping up. This week, reports indicate that TSMC and Foxconn are also interested in buying the British chip developer.  A couple of weeks ago we reported that Nvidia …

Recently there has been talk of Foxconn expanding its manufacturing and assembly lines in India to continue helping Apple. Now, reports indicate that Foxconn has indeed begun assembling the iPhone 11 in a facility near Chennai, making it the first flagship iPhone being assembled in India.  Earlier in July it …

Foxconn has reportedly begun construction on a new advanced semiconductor assembly and test plant this week. Located in Qingdao, northeast China, this facility is expected to be used to manufacture “solutions for 5G and AI related” devices.  When looking into investments made in the semiconductor sector, it's easy to stumble across hefty sums …

Recently Apple has been expanding its supply chain to include more factories outside of China. As one of Apple's biggest partners, Foxconn is looking to also expand to suit those needs, with the company expected to invest around $1 billion to expand its presence in southern India.  According to a …

The COVID-19 outbreak has shaken the market in many ways that would have been impossible to predict just a few months ago. Foxconn is one of the companies that has been hit hard by the pandemic and has reported a 90% decline in profit for Q1 2020. Hon Hai Precision …

A couple of weeks ago, Apple admitted that it was no longer expecting to meet its Q2 revenue targets for the year due to the Coronavirus impacting the supply chain. Now, Foxconn's latest revenue report has indicated how big the impact can be, with the supplier experiencing its biggest year-on-year …

Noveto has announced it is releasing the first part of a revolutionary new audio Chipset, Noveto Smart Audio is the world’s first dynamic focused audio solution that delivers precisely generated sounds direct to the users’ ears. The release marks a milestone in the company’s engineering phase as it aims for …

Wisconsin has rescinded its billion-dollar deal with Foxconn, as the manufacturer lags behind on its promise to create 13,000 jobs in the state. The government is looking to renegotiate the terms of the proposition to better protect its taxpayers and reflect the reality that Foxconn only created 178 full-time jobs …

Apple’s biggest assemblers are cutting seasonal jobs months in advance of their contract ending, attributing the move to slowing iPhone sales. Foxconn in particular is feeling the heat turned up, as the hiring of full-time positions in its $10 billion Wisconsin manufacturing plant begins to lag. Both Pegatron and Foxconn …

Foxconn has been working on expanding over the last few years. The company broke into the display business a while back after taking over Sharp and now, Foxconn appears to be focussing on smart home and networking with the acquisition of Belkin, Linksys and Wemo. Today, Foxconn announced that it …

Foxconn is a huge part of China's manufacturing industry, with huge clients like Apple, Google, Amazon, Acer and more. As a result of this huge client list, the factory employs a huge number of workers. However, during a press conference this week, Foxconn announced that it would be cutting 10,000 …

Foxconn, the giant electronics manufacturing conglomerate and Apple's biggest OEM manufacturing partner, has begun talks with the US federal authorities to find a suitable place to set up a sixth-generation TFT-LCD panel factory, according to Digitimes. The display factory would cater to small-to-medium sized 6G panels and could be used in Apple's …

Reports have surfaced in the Japanese press that TSMC has quit on its bid to buy Toshiba's rather precious NAND-flash business, leaving Foxconn in the lead position. Foxconn has offered to pony-up 3 trillion Yen (around $30 billion), or $21.2 billion more than what Reuters had reported as the sought-after …

It looks like a now former senior manager at Foxconn could face quite the jail sentence after being caught stealing around 5,700 iPhones worth around $1.5 million. This manager worked in the testing department specifically and had eight employees under his wing, who he instructed to smuggle thousands of iPhones. …

This week, news broke that Foxconn would be shedding 60,000 jobs and replacing those factory workers with robots. Foxconn is known for having a hand in the making of devices like the iPhone or Samsung Galaxy and this week, it confirmed that its employee count would shrink from 110,000 down to …

Microsoft initially bought out Nokia's mobile phone division a couple of years back to bolster its own smartphone efforts. However, Windows Phone still hasn't seen a ton of growth and now the company is changing directions again by selling the rights to the Nokia brand name and transferring around 4,500 …

After a couple of months of rumours and some drama that almost blew the deal entirely, Foxconn has announced that it will be acquiring Sharp for $3.5 billion, a much lower bid compared to the initial $6.2 billion offer on the table. The amount was reduced after Foxconn came across …

For a while there, it looked like Foxconn's $5.3 billion deal to acquire display maker Sharp was all set to go forward. However, in the late stages of negotiations, some information came to light that showed that Sharp may be carrying much more debt than Foxconn was initially led to …

Yesterday it was brought to light that Sharp may be in a bigger financial mess than previously thought, which has now, in turn, caused Foxconn to reconsider its acquisition of the display making company. Plans for Foxconn to acquire Sharp have been in the making for some time but it …

Last month reports surfaced suggesting that Foxconn was in talks to acquire the display maker, Sharp. This acquisition would open up some additional doors with Apple, allowing the iPhone assembly factory to also supply displays for the phone. However, the acquisition deal has apparently been put on hold as new …

Foxconn, the massive assembly line responsible for the manufacturing of a lot of Apple products, amongst other electronic devices, is apparently making a $5.3 billion bid to buy display maker Sharp. Sharp has faced some troubles financially over the last few years so a buyout would be feasible at this …

Nintendo still has two big game launches left in the Wii U but that isn't stopping rumours surrounding the company's next console, currently codenamed the ‘NX'. We already know that Nintendo is planning a new console, though it isn't sharing any details until 2016. However, we could potentially see the …

Samsung and South Korea are aiming to cut down on manufacturing costs for electronics by building robots to replace factory workers. The idea is to replace human employees with cheap to run robots, to deal with plenty of tasks, including those that currently require a more delicate touch. The South …

Foxconn Electronics, the world’s largest contract maker of electronics, is reportedly mulling to acquire LCD business from Sharp Corp. The company may even team up with Apple in order to take over Sharp’s display business. The move could help Foxconn to expand its business, whereas Apple will guarantee stable supply …

Nokia Corp. is hiring additional specialists as it is gearing up to return to the smartphones market late next year. While the company does not have plans to manufacture handsets itself, the firm seems to pin a lot of hopes on brand-licensing model and development of software and hardware. Once …

Chief executive officer of Nokia Corp. this week reaffirmed that the company will design smartphones again in the second half of 2016. Officially, the company only wants to develop hardware and leave production, distribution and selling to other. Still, for end users it will mean the return of Nokia smartphones. …

What guise will robots of the future take? Some see as them as faceless automatons, capable of performing basic tasks for us, whilst the Supermatrix predicts a future where they'll be actively concious but subdued through a dream within a dream. SoftBank Mobile however believes robots can be our friends …

Nokia Corp. plans to cut over 10 per cent of its business unit that conducts research and development operations and licenses technologies to other companies. The move seems to be completely unexpected as the company is gearing up to develop Nokia-branded devices for other manufacturers. “Nokia Technologies has revised its …

President of Nokia China has confirmed the company’s plans to return to the market of smartphones next year. He indicated in an interview that the company is currently evaluating different options and building its own manufacturing facilities is one of them. This week Mike Wang, president of Nokia China, participated …

Nokia Corp. is plotting its return to the market of smartphones and tablets, a media report suggests. This time, however, the company will not manufacture its handsets itself, but will develop devices that will be made and distributed by other companies. In accordance with its agreement with Microsoft, Nokia does …