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Foxconn

iPhone 16 Pro Manufacturing Moves to India

iPhone 16 Pro Manufacturing Moves to India

Fri, Oct 25, 2024

In this video, we discuss Foxconn's recent investment of Rs 267 crore in equipment for the manufacturing of the iPhone 16 Pro series in India. Explore the implications for the Indian tech industry and Apple's production strategy.

iPhone 16 Pro series manufacturing in India: Foxconn buys equipment worth Rs 267 crore

iPhone 16 Pro series manufacturing in India: Foxconn buys equipme...

Fri, Oct 25, 2024

iPhone 16 Pro series manufacturing in India: This is the first time Apple's high-end iPhone Pro series will be made in a country other than China.

Foxconn's $1 Billion Investment in India |

Foxconn's $1 Billion Investment in India |

Wed, Sep 25, 2024

Foxconn announces a significant investment of $1 billion in India to expand manufacturing operations and enhance local production capabilities.

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Foxconn working on plans to set up battery energy storage system unit in India

Foxconn working on plans to set up battery energy storage system...

Sun, Aug 18, 2024

With an eye on the electric vehicle segment, Foxconn has been expanding its battery manufacturing business, with the first plant already set up in Taiwan.

Foxconn Chairman Young Liu plans visit to India, receives Padma Bhushan Award

Foxconn Chairman Young Liu plans visit to India, receives Padma B...

Fri, Jul 05, 2024

Foxconn Chairman Young Liu is set to visit India this year after receiving the prestigious Padma Bhushan Award.

Nearly 70% of workforce are women, 5% of new hires married women: Foxconn

Nearly 70% of workforce are women, 5% of new hires married women:...

Thu, Jun 27, 2024

In an informal note shared with the government after reports suggested it is not hiring married women, Foxconn stated that such stipulations are not part of its policy and these claims may have been made by those individuals who were not hired, sources said.

Apple supplier Foxconn introduces rotating CEO role

Apple supplier Foxconn introduces rotating CEO role

Wed, Apr 17, 2024

One source briefed on the matter has told Reuters the change could mark the end of a "one-man rule" system in Foxconn by establishing a structure in which managers take turns to oversee Foxconn's operations that include hundreds of subsidiaries and operations in more than 20 countries.

Foxconn considers rotating CEOs in management reshuffle

Foxconn considers rotating CEOs in management reshuffle

Thu, Apr 11, 2024

Senior Foxconn managers, whose clients also include Amazon, have discussed the rotating CEO plan for several months, the three sources with direct knowledge of the matter said.

Apple supplier Foxconn's Q4 profit jumps 33% y/y, beats forecasts

Apple supplier Foxconn's Q4 profit jumps 33% y/y, beats fore...

Thu, Mar 14, 2024

The company, formally called Hon Hai Precision Industry Co Ltd, has said it expects slowness in this year's first quarter to be similar to the same period of the previous three years.

Foxconn invites bids to construct Rs 1,200-crore plant in Karnataka

Foxconn invites bids to construct Rs 1,200-crore plant in Karnata...

Thu, Feb 08, 2024

On February 6, Foxconn had said in a regulatory filing that the announcement about inviting bids was on behalf of its subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant. The source said the Rs 1,200 crore bid is not for the company's semiconductor joint venture with HCL.

Foxconn reiterates guidance for Q1 revenue drop off high base

Foxconn reiterates guidance for Q1 revenue drop off high base

Mon, Feb 05, 2024

Foxconn's shares closed down 0.5 per cent on Monday ahead of the release of its January numbers, compared with a 0.2 per cent gain for the broader market.

Foxconn sees 'slightly better' 2024, warns on AI chip shortage

Foxconn sees 'slightly better' 2024, warns on AI chip s...

Sun, Feb 04, 2024

Foxconn, formally called Hon Hai Precision Industry Co Ltd, will report fourth-quarter earnings next month when it will also update its outlook for this year.

Foxconn to partner with HCL Group for chip testing plant

Foxconn to partner with HCL Group for chip testing plant

Thu, Jan 18, 2024

Foxconn said in a regulatory filing that its India unit will own a 40 per cent stake in the joint venture with a $37.2 million investment. HCL did not disclose financial details from its side.

Karnataka approves Foxconn's additional investment proposal worth Rs 13,911 crore

Karnataka approves Foxconn's additional investment proposal...

Wed, Dec 13, 2023

Electronics manufacturing major Foxconn had earlier received approval to invest Rs 8,000 crore in the state. Foxconn is the world's largest electronics manufacturer, with total revenue exceeding New Taiwan dollar 6 trillion in 2022.

Apple informs component suppliers to source iPhone 16 batteries from India: Report

Apple informs component suppliers to source iPhone 16 batteries f...

Thu, Dec 07, 2023

Companies like Desay and Simplo package the electric cells produced by TDK and their counterparts into modules and send them to assemblers such as Taiwanese contract manufacturer Foxconn, the report mentioned.

Foxconn raises Q4 outlook on strong year-end holiday sales

Foxconn raises Q4 outlook on strong year-end holiday sales

Tue, Dec 05, 2023

Foxconn last month logged a surprise 11 per cent increase in third-quarter profit, helped by gains in non-operating income but predicted revenue would fall slightly for the year.

Chennai Cyclone Michaung: Foxconn, Pegatron, Hyundai suspend operations due to floods, cyclonic conditions

Chennai Cyclone Michaung: Foxconn, Pegatron, Hyundai suspend oper...

Mon, Dec 04, 2023

Chennai Cyclone Michaung: Cyclone Michaung wreaked havoc across Chennai and its neighbouring districts, inundating the city, causing disruptions in flights and trains, and startling residents with a video capturing a crocodile crossing a submerged road. Sources said that several factories in and around Chennai have temporarily suspended operations.

Foxconn to invest $1.5 billion to expand operations in India

Foxconn to invest $1.5 billion to expand operations in India

Mon, Nov 27, 2023

The company, which announced the investment plan in a stock exchange filing, did not provide any further details. Foxconn has been rapidly expanding its presence in India by investing in manufacturing facilities in the south of the country.

Apple supplier Foxconn posts surprise rise in quarterly profit

Apple supplier Foxconn posts surprise rise in quarterly profit

Tue, Nov 14, 2023

The profit beat a T$34.5 billion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.

Foxconn shares drop after report of China tax audit, land use probe

Foxconn shares drop after report of China tax audit, land use pro...

Mon, Oct 23, 2023

The Global Times did not give details of the tax or land use probes, which have not been officially announced by any Chinese government department.

Foxconn faces tax audit, land use probe - Chinese state media

Foxconn faces tax audit, land use probe - Chinese state media

Sun, Oct 22, 2023

China's natural resources department also conducted on-site investigations on the land use of enterprises of Foxconn in Henan, Hubei provinces and other places, according to the exclusive report in the nationalist tabloid, the Global Times. It did not elaborate on the investigations or the timing of them.

Foxconn to build AI data factories using Nvidia chips and software

Foxconn to build AI data factories using Nvidia chips and softwar...

Wed, Oct 18, 2023

Sharing a stage at Foxconn's annual Tech Day in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies were building AI factories together.

Foxconn expects strong holiday sales in Q4, September sales slump

Foxconn expects strong holiday sales in Q4, September sales slump

Thu, Oct 05, 2023

Foxconn said in a statement that with the second half of the year a "traditional peak season" for consumer tech products, operations "will ramp up sequentially".

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