Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s top iPhone assembler, reported on Thursday a 19% rise in…
Tag: Foxconn
Apple scores big in India as government removes tax risk on foreign-funded manufacturing equipment
India’s government on Sunday delivered a significant victory for Apple by allowing foreign companies to supply machinery to their contract…
Apple assembler Pegatron targets end-of-March completion for first American factory in Texas
Pegatron, a key supplier to Apple and other tech giants, has announced that construction of its first American factory in Texas is on track…
Apple assembler Foxconn’s Q4 revenue jumps 22% to record high
Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s largest iPhone assembler, reported record fourth-quarter revenue…
Apple urges India to overhaul tax rules hampering its growth
Apple is pressing India’s government to revise its income tax rules, aiming to dodge taxes on the premium iPhone manufacturing equipment…
Foxconn boosts hiring in China for iPhone 17 series assembly
Foxconnp, Apple’s primary manufacturing partner, is significantly ramping up hiring at its factories in China to prepare for the iPhone 17…
Foxconn successfully expands business beyond just assembling iPhones
Foxconn, the Taiwanese tech giant known best for assembling hundreds of millions of iPhones, has expanded its focus, with Apple product…
Apple assembler Foxconn’s Q2 net profit expected to rise 14% YoY
Foxconn, the world’s leading contract electronics manufacturer and a key assembler for Apple, is anticipated to announce on Thursday a 14%…
Foxconn sells Lordstown, Ohio plant for $375 million to ‘existing business partner,’ plans to transform it into massive AI server factory
In a strategic move reflecting the shifting tides of global manufacturing and technology, Foxconn, has sold its Lordstown, Ohio…
Apple iPhone-assembler Hon Hai’s share trading halted ahead of disclosures
Hon Hai Precision Industry Co.’s shares were halted from trading in anticipation of market-sensitive information, a rare step indicating…
Major Apple assembler Foxconn smashes Q2 revenue record
Foxconn Technology reported a record second-quarter revenue of NT$1.797 trillion, reflecting a 16% year-on-year increase and a 9%…
Apple assembler Foxconn to invest $1.5 billion in India
Foxconn, a major Apple assembler, will invest $1.5 billion in its India unit to expand iPhone manufacturing outside tariff-impacted China…
Apple assembler Foxconn cuts outlook due to appreciation of Taiwan dollar
Taiwan’s Foxconn, the world’s leading contract electronics manufacturer, lowered its full-year outlook on Wednesday due to the recent…
U.S. smartphone shipments rose 30% in March, spurred by tariff concerns
Smartphone shipments to the U.S. jumped 30% in March as manufacturers Apple, Samsung, and Motorola rushed to import more devices…
Apple looks to manufacture all iPhones for America in India by end of 2026
Apple plans to produce all iPhones sold in America at its India factories by the end of 2026, accelerating efforts to shift out of China…
Apple airlifted iPhones worth a record $2 billion from India ahead of U.S. import tariffs
Apple’s key India suppliers exported a record-breaking $2 billion in iPhones to the U.S. in March, ahead of President Trump’s…
Apple assembler Foxconn to begin AirPods production in southern India early next year
Apple assembler Foxconn will begin producing AirPods wireless earphones in India for the first time early next year, marking a milestone in…
Foxconn’s sales surge on Apple product demand as AI growth slows
Foxconn, a major assembler of Apple products, reported a 3.47% year-over-year increase in November sales, reaching NT$656.59 billion…
India to offer $4-$5 billion in incentives to companies to make electronic components locally
India plans to invest up to $5 billion to incentivize domestic production of electronic components. This move aims to reduce reliance on…
Apple assembler Foxconn’s Q3 profit rises 14%, beats forecasts
Major Apple assembler Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven in part by strong AI server demand…
Apple Intelligence servers expected to upgrade to M4 chips in 2025
Apple is set to upgrade its AI servers from M2 Ultra chips to M4 chips starting next year. This transition will enhance the performance…
China detains four Taiwanese employees at Foxconn’s ‘iPhone City’ in Zhengzhou
Taiwanese officials have confirmed that four Taiwanese employees working at a Foxconn Technology Group facility in Zhengzhou…
Apple assembler Foxconn beats estimates with record third-quarter revenue
Taiwan’s Foxconn beat expectations to post its highest-ever revenue for the third quarter on strong demand. Revenue for Apple’s biggest…
Major Apple assembler Foxconn’s August sales increase 33%
Major Apple assembler Hon Hai Precision Industry Co., aka Foxconn, saw its revenue rise 33% in August, accelerating from the previous…
Major Apple assembler Foxconn beats profit forecasts
Apple supplier Foxconn beat expectations on Wednesday, reporting a 6% jump in quarterly profit. This surge was fueled by a booming…
Foxconn adds an extra 50,000 workers for iPhone 16 assembly
Major Apple assembler Foxconn has hired around 50,000 new workers in “iPhone City,” its Zhengzhou factory in China, local media including…
Apple to make iPhone Pro models in India for the first time this year
Apple is set to expand its manufacturing footprint in India by assembling the iPhone 16 Pro and Pro Max models for the first time…
Socialist Republic of Vietnam ‘encourages’ Apple supplier Foxconn to cut power use by 30%
Officials of the Socialist Republic of Vietnam have called on Apple supplier Foxconn to voluntarily reduce power use by 30%…
Apple assembler Foxconn posts 9% drop in first-quarter revenue
Major Apple assembler Foxconn recorded first-quarter revenue of 1.32 trillion New Taiwan dollars ($41.2 billion), 9.6% lower year over year…
Apple supplier Foxconn turns bullish on 2024 – thanks to booming demand for AI servers
Major Apple assembler Foxconn is taking a significantly more bullish outlook for this year, saying on Thursday that it expected…
Apple assembler Luxshare set to transform iPhone production landscape with major acquisition
As part of Tim Cook’s plan to strengthen ties with China-based suppliers and enhance relations with the Chinese Communist Party, Luxshare …
Foxconn to invest additional $1.7 billion in India, further diversifying out of China
Major Apple assembler Foxconn plans to invest an additional 139.11 billion rupees (US$1.67 billion) in India’s Karnataka state, the…
Apple plans to make a quarter of global iPhone production in India within 2-3 years
Apple and its assemblers are looking to build more than 50 million iPhones in India annually within the next two to three years, with…
Foxconn resumes iPhone assembly at Indian factory after Cyclone Michaung pause
Major Apple assembler Foxconn resumed operations on Tuesday at its Indian facility that makes Apple iPhones following weather disruptions…
Major Apple assembler Foxconn raises Q4 outlook on strong year-end holiday sales
Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple assembler, on Tuesday raised its outlook for the fourth…
Foxconn and Pegatron halt iPhone assembly in India due to cyclone
Production of Apple iPhones at Foxconn and Pegatron facilities near Chennai, India has been halted due to heavy rains, sources said…
Apple assembler Foxconn to invest $1.6 billion in Indian expansion
Foxconn Technology Group, also known as Hon Hai Precision Industry Co, a partner of Apple, intends to double its investment in India. The…
Terry Gou withdraws from Taiwan presidential race, bringing relief to Apple assembler Foxconn
Terry Gou, the billionaire founder of tech giant Foxconn, on Friday withdrew from the race to be Taiwan’s next president, bringing a sense…
China fines Apple iPhone assembler Foxconn $2,800 amid major tax probe
Foxconn has been hit with a 20,000 yuan ($2,800) fine from Chinese authorities who said the Apple iPhone assembler overstated its expenses…
Major Apple assembler Foxconn reports surprise 11% jump in Q3 profit
Major Apple assembler Foxconn on Tuesday reported third-quarter profit rose 11.27% year over year, beating analysts’ expectations…
Major Apple assembler Foxconn reiterates strong year-end holiday sales outlook
Major Apple assembler Foxconn, the world’s largest contract electronics maker, on Sunday reiterated its previous outlook of strong year-end…
Apple assembler Foxconn hit with politically motivated China tax probe
Major Apple assembler Foxconn is facing a tax probe in China, two sources close to Foxconn confirmed on Monday, saying they believed it…
