Foxconn

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Taiwan Semiconductor Manufacturing Company (TSMC) has withdrawn its offer for Toshiba's highly sought-after NAND flash memory business, leaving major Apple supplier Hon Hai in the driving seat to acquire the unit.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...

In a lengthy new article posted online today, The New York Times has delved into the inner workings of Foxconn's major iPhone manufacturing plant in Zhengzhou, China, referred to locally as "iPhone City." The article describes how the facility became one of Apple's major global manufacturing plants, as well as the "hidden bounty of perks, tax breaks, and subsidies" uncovered behind the scenes of...

Apple manufacturing partner Foxconn is in preliminary stages to build a collection of assembly plants within the United States (via Reuters), potentially fulfilling President-elect Donald Trump's wish that Apple would move the majority of its manufacturing to the U.S. instead of overseas. Foxconn decided to make a statement about its U.S. expansion after details of the move were picked up and...

A former senior Foxconn manager was recently indicted for stealing 5,700 iPhones in China to pocket around $1.56 million. Factoring in his accomplices, the entire scheme made $2.2 million between 2013 and 2014 by stealing only the iPhones which were supposed to be scrapped on the manufacturing line, and selling them to various shops in China, according to a report by Asia One (via Business Insider...

Apple manufacturing partner Foxconn has been studying the possibility of moving iPhone production to the United States, according to Japanese website Nikkei Asian Review, leading to hopeful speculation some iPhones could one day be "Made in America" rather than be assembled and imported from China. The report claims Apple asked both Foxconn and rival supplier Pegatron, which denied the...

Following in line with a slump in iPhone sales, Apple manufacturer Foxconn recently reported a 31 percent decline in profits in the second quarter of 2016. For the full quarter, ending in June, Foxconn was said to have amassed a net profit of 17.7 billion New Taiwan dollars, down from NT$25.7 billion a year earlier. Analysts watching the company had expected a revenue of around NT$23.9 billion...

Taiwanese manufacturer Foxconn is developing glass casings and OLED displays for smartphones in an attempt to secure orders for the tenth-anniversary iPhone next year, according to Japanese website Nikkei. The report claims Foxconn has been developing glass chassis for at least one year, and developing its own OLED display technologies through its Sharp acquisition. It would be competing with...

Apple is demanding price cuts on components for the new iPhone from its overseas suppliers to maintain its high profit margins, despite a global slowdown in smartphone sales, according to Taiwanese website DigiTimes. The report claims several large Taiwan-based component suppliers such as Foxconn, Largan Precision, and Pegatron have already been affected, while strong competition in Greater...