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NEWS TAGGED FOXCONN
Thursday 28 November 2024
Foxconn to assess impact of Trump's Mexico tariff proposal
On November 25, US President-elect Donald Trump announced via social media that he would sign an executive order on his first day in office, imposing a 25% tariff on imports from...
Thursday 28 November 2024
Foxconn reportedly secures land in Tamil Nadu for new battery plant
Foxconn has reportedly secured 200 acres of land in Tamil Nadu for a battery manufacturing plant, aligning with the company's strategic focus on AI and EV as growth engines.
Wednesday 27 November 2024
Clients first to be impacted by potential US tariff hike, says Foxconn chairman
Following President-Elect Donald Trump's recent announcement of potential new tariff policies, Foxconn chairman Young Liu emphasized that Taiwan's supply chain impacts can only be...
Wednesday 27 November 2024
Apple reportedly scouting Indian manufacturer partners to reduce reliance on China
Apple is actively pursuing partnerships with Indian manufacturers to establish a local supply chain beyond iPhone production, potentially including components for wearables and other...
Tuesday 26 November 2024
Thailand's PTT to reduce stake in joint venture with Foxconn
Thailand's state-controlled energy conglomerate PTT has announced that due to fierce competition in the EV market resulting in a price war, the group will lower its stake in the joint...
Monday 25 November 2024
Apple's Cook joins CEO summit with Chinese Premier on trade
Apple CEO Tim Cook joined more than 20 corporate leaders in discussions with China's premier Monday, as global companies grapple with potential trade disruptions and economic uncer...
Monday 25 November 2024
India roundup: Foxconn revises recruitment ads in India after discrimination allegations
Foxconn addresses discriminatory ads and requests neutral recruitment practices. CCI fines Meta US$25.3 million for abusing market dominance in India.
Friday 22 November 2024
Server ODMs face margin pressure despite new AI shipments
While Nvidia's latest financial report garnered attention for its strong earnings, the focal point was its declining gross margin. This trend extends to ODM firms, with both Foxconn...
Wednesday 20 November 2024
Foxconn invests NT$15.9 billion to establish flagship headquarters in southern Taiwan
On November 19, Foxconn announced that it had successfully obtained the qualification as the best applicant for the Kaohsiung Metro Y15 Station land development project. The company...
Wednesday 20 November 2024
AI servers, AI PCs, and automotive electronics to drive 2025 sales growth for Taiwan ODMs
Taiwanese IT product manufacturers expect AI server demand to drive their growth in the fourth quarter of 2024, as consumer electronics enters the traditional low season. Looking...
Tuesday 19 November 2024
Foxconn revises recruitment ads in India after discrimination allegations
Following reports about Foxconn's alleged recruitment practices in India, which excluded married women, the company reportedly has requested third-party human resources firms to stop...
Tuesday 19 November 2024
Foxconn partners with Nvidia Omniverse to develop AI-driven factories
Foxconn, collaborating with Nvidia, is leveraging digital twin technology to revolutionize manufacturing and supply chain management. The initiative uses Nvidia's Omniverse to streamline...
Monday 18 November 2024
Foxconn advances into the AI server market at SC24, showcasing GB200 racks, new HGX products
Foxconn, through its subsidiary FII and Ingrasys, made a strong showing at Supercomputing 2024 (SC24) in Atlanta, the US, demonstrating its latest AI server technology portfolio....
Friday 15 November 2024
Foxconn sees growth in 4Q24, optimistic about 2025
Hon Hai (Foxconn) achieved record-breaking revenue of NT$1.85 trillion (US$56.77 billion) in the third quarter of 2024, while revenue for the first three quarters reached NT$4.7 trillion...
Friday 15 November 2024
Financial resilience key to AI server ODMs amidst booming demand from likes of Nvidia's GB200
Taiwan-based server original design manufacturers (ODMs) anticipate a significant surge in AI server sales by 2025. However, the rapid increase in sales has led to higher accounts...