foxconn

This story was first published on the Benzinga India Portal. Taiwanese electronics major Hon Hai Precision Industry Co Ltd (OTC: HNHPF), better known as Foxconn, has reportedly begun the production of Apple Inc’s (NASDAQ: AAPL) upcoming iPhone 15 in Tamil...

Apple Inc. (NASDAQ:AAPL) could be headed for a weak holiday season – its top supplier Foxconn Technology Co. Ltd.'s (OTCPK: FXCOF) parent company Hon Hai has predicted an overall decline in iPhone shipments in 2023. What Happened: Foxconn parent Hon Hai now expects the overall iPhone demand in 2023...

This story was first published on the Benzinga India portal. The Indian government will give the South Korean tech giant, Samsung Electronics Co. Ltd (NYSE: SSNLF), a whopping $72.3 million, marking the largest payout under the production-linked incentive (PLI) scheme...

Founder of Apple Inc.’s (NASDAQ:AAPL) lead supplier Foxconn Technology Group (OTC:HNHPF), Terry Gou, warns of a potential crash in the U.S. stocks if a war involving Taiwan occurs, Bloomberg reports. The Taiwanese billionaire expressed his concerns in a Facebook post, stating that it could...

This story was first published on the Benzinga India portal. Tata Group is reportedly on track to buy an Apple Inc (NASDAQ: AAPL) iPhone supplier factory in India from Wistron Corporation, according to Bloomberg. If the deal goes through by August, this would be the first time a...

Ed Hightower, CEO at Lordstown Motors Corp. (NASDAQ:RIDE), embarked on a trip to Taiwan for a meeting with Foxtron, an affiliate of Foxconn Technology Group, to discuss the development of a new electric vehicle. However, the Foxtron CEO failed to show up, marking the beginning of a series of...

Apple, Inc.'s (NASDAQ:AAPL) main iPhone assembler Hon Hai Precision Manufacturing Company Limited (OTC:HNHPF) reported Thursday a slump in first-quarter profit and guided to weak consumer electronic revenue for the second quarter. The Taiwanese company reported a first-quarter net profit of NT $12....

Apple Inc‘s (NASDAQ:AAPL) oldest and largest supplier plans to build a factory in India to produce wireless earphones after winning an order from the Cupertino-based tech giant.  What Happened: Taiwan's contract manufacturer Hon Hai Precision Industry Co. Ltd. (OTC:HNHPF), known as...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Manufacturing Company Limited (OTC: HNHPF) reported a fall in net profit for the fourth quarter as margins eroded amid operational challenges posed by the COVID-19 recurrences in China. What Happened: Taipei, Taiwan-based Hon Hai, popularly...

Apple Inc (NASDAQ: AAPL) and its Taiwanese manufacturing partner Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), better known as Foxconn, were reportedly among the companies that successfully lobbied for changes in labor law in Karnataka, India. What Happened: The development means that two-shift...

Apple Inc. (NASDAQ:AAPL) supplier Hon Hai Precision Manufacturing Company Limited (OTC:HNHPF), popularly known as Foxconn, will reportedly soon be fined by Taiwanese authorities for an unauthorized investment in a Chinese chip maker.  What Happened: Foxconn, a major iPhone maker, on Friday said it...

Apple Inc (NASDAQ: AAPL) moved forward with its preparations to relocate part of its manufacturing outside of China. This includes major iPhone assembly plants that have been routinely interrupted by China's strict COVID-19 regulations, with large worker protests in November...

After some turbulent weeks, the COVID-hit China plant of a key Apple Inc (NASDAQ:AAPL) supplier reportedly expects to return to 100% production levels around late December to early January.  What Happened: Foxconn Technology and the local government are working closely on the recruitment drive...

In a bid to sustain the staff levels needed to run the main iPhone-making facility, key Apple Inc. (NASDAQ: AAPL) supplier Foxconn is reportedly offering bonuses of as much as $1,800 to its existing workers after massive protests.  What Happened: Foxconn, formally known as Hon Hai Precision...

More than 20,000 employees, most of them new hires, have reportedly left a key Apple Inc (NASDAQ:AAPL) supplier’s main iPhone-making plant in Zhengzhou, China after violent protests broke out at the facility earlier this week over unpaid dues.  What Happened: The slew of departures from the...