foxconn

Heading into a new trading week, here is a quick roundup of the top five stories from the technology, corporate and cryptocurrency sectors that investors would not want to miss out on from the weekend. 1. Elon Musk Worth More Than Two Fellow Billionaires Combined: Tesla Inc. (NASDAQ: TSLA) CEO Elon...

Key Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF) on Sunday launched three new electric vehicles at its annual tech day. What Happened: The three new electric vehicle models include a sports utility vehicle named Model C, a Model E sedan and a Model T bus.  ...

Key Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd’s (OTC: HNHPF) soon-to-be-unveiled electric car has been seen while being shipped out, Electrek reported on Monday. What Happened: The Taiwan-based supplier, better known as Foxconn, which is expected to begin...

Key Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd. (OTC: HNHPF) is in discussion with pre-production electric vehicle startup Lordstown Motors (NASDAQ: RIDE) to buy its Ohio assembly plant and build electric vehicles there for its partner Fisker Inc (NYSE: FSR),...

One of the most talked-about electric vehicle companies in 2021 has been Lordstown Motors Corp (NASDAQ: RIDE). The company has plans to bring an electric pickup truck, the Endurance, to the market but has faced several setbacks. Lordstown and its shareholders may have found a lifeline Thursday...

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares offer the potential for about 15% upside from current levels, according to an analyst at Piper Sandler. The AMD Analysts: Analyst Harsh Kumar reiterated an Overweight rating on AMD shares and increased the price target from $110 to $120. The...

A leader in electric two-wheeled hardware and battery swap solutions is going public via a SPAC merger announced Thursday. The SPAC Deal: Gogoro Inc announced a SPAC merger with Poema Global Holdings Corp (NASDAQ: PPGH). The deal values Gogoro at an enterprise value of $2.35 billion. A PIPE on the...

Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), better known as Foxconn, said Thursday it plans to begin mass production electric vehicles in the United States and Thailand, Nikkei Asia reported. What Happened: Foxconn Chair Young Liu reportedly said at the company’s April-June quarter...

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd (OTC: HNHAF), also known as Foxconn, said Thursday that it was buying a semiconductors plant from Macronix International in a deal worth $91 billion. What Happened: The two Taiwan-based companies signed an Asset Transaction...

A pre-production lithium battery supplier with key automotive investors announced a SPAC merger Tuesday. The SPAC Deal: SES is merging with Ivanhoe Capital Acquisition Corp (NYSE: IVAN) in a deal valuing the company at a pro forma equity value of $3.6 billion. The SPAC merger will create the first...

Apple Inc. (NASDAQ: AAPL) is looking to manufacture batteries for Apple Car in the U.S., MacRumors reported Monday, citing a report by DigiTimes. What Happened: Apple may work with Taiwanese battery makers rather than Chinese manufacturers for its long-awaited self-driving car, as per the report....

Apple Inc (NASDAQ: AAPL) supplier Foxconn reported a sharp year-over-year rise in second-quarter revenue despite two back-to-back months of decline as the pandemic induced demand for work-and-learn from home devices remains robust amid supply global semiconductor shortages. What Happened: Hon...

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co, Ltd (OTC: HNHPF), better known as Foxconn, is offering record-high cash rewards to workers ahead of the launch of iPhone 13, the South China Morning Post reported Tuesday. What Happened: The rewards are being dished out by the...

Apple Inc (NASDAQ: AAPL) supplier Foxconn reported a 9% fall in May revenue on a month-on-month basis and the slowest monthly sales growth in six months on a year-on-year basis.  What Happened:  The slowdown came as Taiwan, the island country where Foxconn is based, tackles a...

The iPhone assembler Hon Hai Precision Industry Co., Ltd. (OTC: HNHPF) is making a move that could serve it well amid a global semiconductor shortage. What Happened: Hon Hai, popularly known as Foxconn, is looking to take a minority stake in Malaysia-based Dagang NeXchange Bhd.,...