foxconn

Chaos at Apple Inc.'s (NASDAQ:AAPL) main iPhone-making plant in China doesn't seem to end. Apple’s supplier Foxconn Technology (OTC:HNHPF), in a statement, apologized for a “technical error” while hiring new recruits.  What Happened: The facility was rocked by fresh workers unrest...

Apple Inc.’s (NASDAQ: AAPL) newest iPhone iteration will be in short supply for the Black Friday holiday weekend, an analyst at Wedbush said. The Apple Analyst: Daniel Ives has an Outperform rating and $200 price target for Apple shares. The Apple Thesis: The iPhone 14 demand is way ahead...

Thursday could prove to be a redemption of sorts for electric vehicle startup Fisker Inc. (NYSE: FSR) as its debut model, the Ocean SUV, goes into production. What Happened: Fisker, founded by former BMW AG (OTC: BMWYY) and Aston Martin sports car design engineer Henrik Fisker, is based out of...

After recent chaos at the Zhengzhou plant, Apple Inc. (NASDAQ:AAPL) supplier Foxconn is now looking for a huge boost in its workforce at its iPhone factory in India. What Happened: Foxconn is planning a four-fold jump in the workforce at the India plant, two government officials with knowledge of...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Manufacturing Company Limited (OTC: HNHPF), popularly known as Foxconn, reported on Thursday higher third-quarter revenue but profit growth slowed amid shrinking margin. What Happened: Taiwanese contract manufacturer Foxconn reported third-...

Lordstown Motors Corp (NASDAQ:RIDE) said Monday that Hon Hai Precision Industry Co., Ltd (OTC:HNHPF) affiliate Foxconn Ventures Pte. Ltd has agreed to make an additional $170 million equity investment in the electric vehicle firm. What Happened: The investment will come in the form of $70 million...

China has ordered an industrial park that includes the world’s largest Apple Inc (NASDAQ: AAPL) iPhone assembly plant to enter a seven-day lockdown related to rising COVID-19 concerns.  What Happened: According to a Reuters report, China has imposed COVID-19 lockdowns on a...

Optimism is returning to the market, with earnings and hopes of a Fed pivot serving to allay investors’ apprehensions. Here's a recap of a few major headlines that hit the wire over the weekend and could have a bearing on the direction of the market. 1. Doge Takes Off: Meme crypto...

Tesla Inc (NASDAQ: TSLA) is working hard to expand both Gigafactory Berlin and Texas to massively upscale its vehicle production capacity. But even as both factories ramp up, Tesla still has a hard time making enough vehicles to satisfy the high demand. As shared by The Verge,...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), operating as Foxconn, said the company is "cautiously positive" about the outlook for the fourth quarter. What Happened: The company said “the dynamics of inflation, the pandemic, and the...

Apple Inc (NASDAQ: AAPL) is planning to manufacture the iPhone 14 in India two months after the product's initial release, Bloomberg reported. What Happened: Apple, which has been long eyeing expanding its production outside China, is in talks with the suppliers to ramp up...

Days after news reports indicated that Apple Inc (NASDAQ: AAPL) is in talks to make Watches and MacBooks in Vietnam for the first time, its Taiwanese supplier Foxconn has reportedly signed a memorandum to expand its facility in the north of the country. What Happened: Foxconn has signed a $300...

Taiwanese national security officials are pushing Apple Inc's (NASDAQ: AAPL) supplier Foxconn to unwind its $800 million investment in Chinese chipmaker Tsinghua Unigroup, according to a Financial Times report. What Happened: A senior Taiwanese government official involved in national...

Lordstown Motors Corp (NASDAQ: RIDE) reported financial results Thursday morning. The electric vehicle startup reaffirmed its third-quarter target for start of production and booked a surprise profit on the back of asset sales to Foxconn. What Happened: Lordstown...

The world's largest contract electronics maker and Apple, Inc.'s (NASDAQ: AAPL) iPhone assembler Foxconn would need government approval if it invests in embattled Chinese chip conglomerate Tsinghua Unigroup. What Happened: Earlier, Taiwan media reports said that Foxconn was looking to...