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NEWS TAGGED FOXCONN
Tuesday 11 July 2023
Foxconn withdraws from chip JV with Vedanta
Days after Vedanta Limited acquired a 100% stake in Vedanta Group's semiconductor and display business, Foxconn said it quit its joint venture with Vedanta.
Tuesday 11 July 2023
Foxconn remains committed to expanding chip business in India
Foxconn Technology (Hon Hai Precision Technology) has announced that the joint ventures it set up with the Vedanta Group in India would become wholly owned by Vedanta, with Foxconn...
Monday 10 July 2023
Vedanta Limited takes full ownership of semiconductor JV with Foxconn
Vedanta Group announced an organizational rejig that put its semiconductor and display manufacturing business under Vedanta Limited.
Friday 7 July 2023
Foxconn chairman visits Japan to meet Sharp executives
Foxconn chairman Young Liu recently paid a visit to Sharp's headquarters in Japan, which may indicate that the Taiwanese company has no plans to spin off the money-losing subsidiary,...
Thursday 6 July 2023
Foxconn expects pre-pandemic sales growth in 3Q23
Foxconn Technology (Hon Hai Precision Industry) expects its sales growth pattern to return to pre-pandemic levels in the third quarter of 2023.
Tuesday 4 July 2023
Foxconn remains committed to manufacturing in China, says chairman
Despite the geopolitical tensions that have been reshaping the global manufacturing landscape, Foxconn Technology will not miss out on the market prospects in China, according to...
Monday 3 July 2023
Foxconn to produce EV components in Vietnam
Foxconn, the world's largest contract electronics assembler, has taken another step to scale up its EV ambitions. The company aims to invest close to US$250 million in producing EV...
Thursday 29 June 2023
Chiang Shang-yi becomes ShunSin chairman
Chiang Shang-yi, currently semiconductor strategy officer for Foxconn Technology (Hon Hai Precision Industry), has been elected as chairman of Foxconn-affiliated OSAT ShunSin Techn...
Thursday 29 June 2023
Ramon.Space attracts funding from Foxconn subsidiary and UMC Capital to provide space-resilient computing
US-based startup Ramon.Space announced today that it has raised US$26 million in funding from Foxconn subsidiary Ingrasys, in addition to the Strategic Development Fund (SDF), an...
Wednesday 28 June 2023
Foxconn refutes Lordstown allegations amid lawsuit
Lordstown Motors has filed a lawsuit against Hon Hai Technology Group (Foxconn) and some of its subsidiaries, including Foxconn Ventures, in the US Bankruptcy Court for the District...
Tuesday 27 June 2023
US truck startup Lordstown files for bankruptcy after Foxconn deal falls through
Lordstown Motors Corp. filed for bankruptcy after the electric truck startup's investment agreement with manufacturing giant Foxconn Technology Group rapidly unraveled.
Tuesday 27 June 2023
Foxconn launches new business group in China to focus on AI, EVs and robots
Hon Hai Precision Industry (Foxconn) has launched a new business group in Zhengzhou, China, where one of its main iPhone assembly plants is located, according to a recent report by...
Tuesday 27 June 2023
Foxconn reportedly looking for new partners for chip business in India
As Vedanta and Foxconn's semiconductor joint venture lost the spotlight after Micron announced investments in India, the joint venture reportedly has internal disagreements.
Wednesday 21 June 2023
Foxconn, Stellantis form SiliconAuto for automotive semiconductors
Franco-Italian automotive group Stellantis and the world's largest electronics manufacturer Foxconn announced a joint venture for automotive semiconductors to meet the growing demand...
Monday 19 June 2023
Foxconn to rely on BOL model in its EV investments in India
As Foxconn is trying to diversify itself technologically and geographically, it is relying on the BOL (Build-Operate-Localize) rather than going it alone, including the potential...