Foxconn stock hits 5-month high on iPhone 5 rumors

“Foxconn Technology Co. climbed to the highest in more than five months in Taipei trading on speculation Apple Inc. may use metal casings for its next generation iPhone, benefiting the Taiwanese company,” Weiyi Lim reports for Bloomberg.

“The stock jumped as much as 6.9 percent to NT$116 as of 11:16 a.m. local time, the highest intraday level since Aug. 16,” Lim reports. “‘There’s talk that Apple is going to use metal for its new iPhone, so this will benefit companies like Foxconn,’ said Dennis Chan, an analyst at Yuanta Securities Co. in Taipei. ‘That’s why it’s surging.'”

Lim reports, “The U.S. company sold 37 million iPhones in the period ended Dec. 31, with customers snapping up the new 4S model that went on sale in October.”

Read more in the full article here.

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7 Comments

    1. …while they anticipate a pay packet at the end of the month that’s probably ten times what other workers in China can expect, even after their company accommodation’s taken into account.

    2. Don’t be too quick to judge ANY company on information provided by the New York Times, guys. No doubt, some of it will be factual. (Foxconn IS, after all, a Chi-Comm company.) However, reports have already been published showing that MUCH of the recent NYT article was inaccurate, incomplete, and (probably) intentionally misleading. Leave it to the BAF (Blame America FIrst) media to target any US company for its supposed misdeeds, leaving the rest of the world virtually blameless.)

    1. I wouldn’t be surprised to see liquid metal in iPhone 5 and some of the ancillary parts for the next generation iMacs and monitors.

      Combined with other FLAN technologies, escalating circuit miniaturization, and FISH, liquid metal is likely going to play a role in the design of AAPL products for the next 10 years.

  1. This is what Liquid Metal said in one of their financial reports:
    “On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which (i) we contributed substantially all of our intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary, called Crucible Intellectual Property, LLC (“CIP”)”

    If you look up Crucible Intellectual Property, LLC Patents, they have one for: “Abstract: Antenna structures made of bulk-solidifying amorphous alloys and methods of making antenna structures from such bulk-solidifying amorphous alloys are described. The bulk-solidifying amorphous alloys providing form and shape durability, excellent resistance to chemical and environmental effects, and low-cost net-shape fabrication for the highly intricate antenna shapes.”

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