Foxconn

After an announcement in July that Foxconn will build a $10 billion LCD panel manufacturing plant in southeast Wisconsin, a new report out today states that the Apple supplier is now planning to build three "ancillary facilities" in Wisconsin as well (via Reuters). The three buildings are planned to be opened for operation as early as 2018, two years ahead of when the main LCD facility is...

Inventec Appliances has been a rumored supplier for Apple's HomePod smart speaker since before the device was announced at WWDC in June, and now the manufacturer has indicated that supplies for HomePod might be limited at launch, in line with most Apple product launches (via Nikkei). The news came from Inventec Appliances president David Ho during a press conference today. Although his...

A collection of Apple suppliers have shared revenue reports today, which also provide a glimpse into the upcoming "peak" iPhone and Apple Watch manufacturing season. Starting off, Foxconn looked back at its profits in July and reported consolidated revenues of NT$315.06 billion (US$10.62 billion) for the month, which marks an increase of 7.53 percent year-on-year. For the first seven months of...

Apple supplier Foxconn today announced plans to invest $10 billion in the United States, which will go towards building a new factory in Wisconsin that will employ 3,000 or more workers. Foxconn is sharing the news at an event at the White House on Wednesday afternoon, says Recode. The upcoming factory will produce large LCD displays that are meant to be used in televisions and other...

Taiwanese electronics manufacturer Foxconn is nearing a decision to invest in Wisconsin, and could hold an event in Washington, D.C. as soon as this week to discuss its U.S. investment plans, according to The Wall Street Journal. Foxconn is one of Apple's primary iPhone assemblers in China, but in Wisconsin, the company is initially looking at producing display panels that can be used in...

Foxconn chairman Terry Gou has spoken out about the ongoing sale for Toshiba's memory chip unit, which has made headlines over the past few weeks as multiple companies have entered the bidding to win the sought-after unit. Previously, Foxconn was perceived as a long shot for winning the bid due to its connections with China, a fact believed to sit unfavorably with Japanese-owned Toshiba. Now,...

Apple and Amazon will join Foxconn in a bid to win Toshiba's NAND memory chip unit, which has been on sale since March and was previously said to finally conclude bidding sometime in June. Nikkei quoted Foxconn chairman Terry Gou as saying that Apple and Amazon will "chip in funds" to help Foxconn win the final bid (via Reuters). Gou left out the exact amount of the funding that Apple and...

It's been a few months since the last few rumors regarding Foxconn's potential manufacturing expansion into the United States, with company chairman Terry Gou placing uncertainty on the reports at the time. Now, sources in the Taiwan supply chain are once again claiming that Foxconn -- one of Apple's biggest suppliers -- is currently talking with both the U.S. federal government as well as...

Early in March, Apple suppliers Foxconn and Taiwan Semiconductor Manufacturing Company announced their intention to bid for a stake in Toshiba's memory chip unit, which the company has put up for sale in an effort to offset a nearly $6 billion loss related to its overseas nuclear division. TSMC eventually dropped out of the race, leaving Hon Hai (Foxconn) as the highest bidder at nearly 3...

Taiwan Semiconductor Manufacturing Company (TSMC) has withdrawn its offer for Toshiba's highly sought-after NAND flash memory business, leaving major Apple supplier Hon Hai in the driving seat to acquire the unit. Hon Hai, also known as Foxconn, has offered up the highest bid so far, with almost 3 trillion Japanese yen ($30 billion) said to be on the table, according to Japanese paper Asahi...

Uncertainties over Foxconn's manufacturing expansion into the United States have been raised once again, this time following comments made by company chairman Terry Gou, who spoke to reporters at an event celebrating the start of construction on a $8.87 billion display plant in Guangzhou, China (via Nikkei). At the ceremony, Gou told reporters he had just returned from a trip to Washington...

Taiwan Semiconductor Manufacturing Company and Foxconn, two companies who work with Apple, are teaming up to place a bid for a stake in Toshiba's memory chip unit according to Chinese site Liberty Times (via DigiTimes). The partnership could perhaps give TSMC and Foxconn the tools to gain a serious foothold in the flash memory market that's currently dominated by Samsung. Via the...

Shares in Taiwanese iPhone assembler Foxconn have reached decade-year highs over growing optimism about Apple's upcoming iPhone 8, due to launch in 2017. According to a new Bloomberg report, Hon Hai Precision Industry – better known as Foxconn – has gained 29 percent in the last year on high expectations for Apple's 10th anniversary iPhone, which has helped the Apple supplier defy a flat...

Following weeks of reports and speculation on the potential opening of a United States-based factory built by Apple suppliers Foxconn and Sharp, a report from Reuters today states that Sharp is "taking the lead" on a $7 billion plant in the U.S. that was initially outlined by parent company Foxconn. The plant will break ground sometime in the first half of 2017. The timing of the news...

Taiwanese iPhone manufacturer Foxconn is considering a $7 billion joint investment with Apple to establish a display manufacturing facility in the United States, it was reported on Sunday. According to the Nikkei Asian Review, journalists who attended Foxconn's annual end-of-year party quoted chairman Terry Gou as saying that Apple is seeking to invest with the firm in a U.S. facility, which...

Apple manufacturing partner Foxconn is planning to build a new facility next to the iPhone maker's upcoming research and development center in Shenzhen, China, according to Nikkei Asian Review. The report cites an unnamed source who claims the facility will enable Foxconn to "better help Apple create prototypes of new products in this new campus," set to open in 2017. Apple's own facility in ...

Foxconn and Sharp are looking closer than ever to building a manufacturing plant within the United States, according to one Sharp executive who said that the plan is still "on the table" (via Nikkei). The plant would mainly be focused on the manufacturing of LCD panels for TV sets and home appliances, but Foxconn is said to be considering moving iPhone production stateside as well. The news...

Following a year filled with doom and gloom stories surrounding Apple and its first revenue decline in thirteen years, major iPhone supplier Foxconn Technology Group has reported its own first ever sales decline since the company went public in 1991. In a report by Nikkei, "lukewarm demand" for the iPhone 7 and a "saturated smartphone market" are said to be to blame for Foxconn's downturn. In...

Sharp is gearing up to help create OLED displays for the iPhone inside of Foxconn's "iPhone City" plant in Zhengzhou, China, according to a new report by Nikkei (via DigiTimes). Foxconn acquired Sharp in 2016, and soon after reports emerged that Foxconn would use its newly acquired investment in Sharp to become a major OLED supplier for Apple. Today's report points toward the OLED displays...

Foxconn is deploying a plan broken down into three phases that will eventually "automate entire factories" in China (via DigiTimes). According to the general manager of Foxconn's Automation Technology Development Committee, Dai Jia-peng, the company's first phase of the plan is "to set up individual automated work stations for work that workers are unwilling to do or is dangerous." The second...