Foxconn

Mainland China detains four Taiwanese employees at ‘iPhone city’

11 Oct 2024 - 10:08AM

Nvidia

Foxconn builds world’s largest Nvidia superchip production facility in Mexico

Foxconn chairman Liu Young-way said the firm’s manufacturing capabilities include ‘technologies necessary to complement the GB200 server’s infrastructure’.

8 Oct 2024 - 5:54PM

Liu Young-way, chairman of Foxconn Technology Group, said the company’s supply chain was ready for the artificial intelligence revolution. Photo: AFP

iPhone maker Foxconn says EV business will need years to ramp up

It will probably take another five years for Hon Hai to fully utilise its production lines at an Ohio facility, EV head Jun Seki says.

8 Oct 2024 - 11:15AM

My Take | Huawei shows China’s supply chain resilience amid tech sanctions, decoupling

Huawei’s 5G smartphone revival could well be the tip of the iceberg for the mainland’s supply chain transformation under US sanctions.

24 Sep 2024 - 8:51AM

India

China no longer Apple of iPhone maker’s eye, as it shifts assembly to India

The move reflects a broader trend of companies moving production away from China, with India emerging as a key beneficiary.

12 Sep 2024 - 1:11PM

Apple to hold ‘Glowtime’ iPhone 16 launch event on September 9

The keynote’s biggest component will be the discussion of Apple Intelligence, a set of AI features coming to all new iPhone models.

27 Aug 2024 - 10:26AM

World’s largest iPhone factory loses momentum amid supply chain shifts

The world’s largest iPhone factory, in the central Chinese city of Zhengzhou, is offering bonuses to attract workers for its busy season, but the facility has lost momentum since the Covid-19 unrest in late 2022.

22 Aug 2024 - 2:06PM

Don’t be ‘smug’, Chinese state media warns after Foxconn’s billion-yuan HQ plans

Apple’s manufacturer in China bucked a trend of declining investment with its big plans for Henan province, but a ‘complicated’ environment is seen reflecting how slower growth will be ‘the new trend’.

19 Aug 2024 - 8:59AMvideocam

Foxconn recent announced plans to spend 1 billion yuan (US$139 million) on a new headquarters in China’s Henan province. Photo: Reuters

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Foxconn expects revenue to grow in the current quarter and for the rest of year, boosted by demand for AI servers used in data centres.

25 Sep 2024 - 4:09PMvideocam

Foxconn Technology Group’s net income in the June quarter reached US$1.1 billion, largely in line with analysts’ expectations. Photo: Shutterstock

Foxconn adds 50,000 workers in Zhengzhou before iPhone 16 launch

The assembler, also known as Hon Hai Precision Industry, recruited more than 50,000 workers in Zhengzhou over the past two weeks, according to Chinese media reports

11 Aug 2024 - 5:45PM

China’s supply chain under scrutiny amid report HP moving PC production

HP, the world’s second-largest personal computer vendor, has denied a report that it was shifting more than half of its production away from China.

8 Aug 2024 - 9:00PM

Electric & new energy vehicles

New Foxconn deal shows how Chinese provinces are coping with waning confidence

Foxconn will splash out on EV projects and set up robotics industrial bases in mainland China amid geopolitical risks and supply-chain disruptions.

16 Aug 2024 - 4:06PMvideocam

A Chinese worker assembles iPhones at a Foxconn factory in Zhengzhou, Henan province. Photo: Shutterstock

Apple supplier Foxconn starts building EV plant in China’s Zhengzhou city

Foxconn Technology Group, which runs the world’s largest iPhone factory in Zhengzhou, has broken ground on a ‘trial’ electric vehicle plant in the city.

24 Jul 2024 - 5:30PM

EVs are part of Foxconn’s ‘new business’, which also includes semiconductors and robotics. Photo: Shutterstock Images

India

Can Modi’s US$15.2 billion chip bet turn India into a semiconductor powerhouse?

India is hoping massive subsidies can help it establish a self-reliant semiconductor ecosystem, but experts say it must overcome big hurdles.

23 Jul 2024 - 1:54PMvideocam

Foxconn’s China factories on hiring spree ahead of iPhone 16 launch

Apple’s next smartphone upgrade is one of its most anticipated in recent years because all new models are expected to support AI features.

12 Jul 2024 - 7:00AM

iPhone manufacturer Foxconn to invest in two projects in Vietnam

The Taiwanese company has been granted approval to produce smart entertainment products and smart-system equipment at the new facilities.

5 Jul 2024 - 1:10PM

A Foxconn office in Taipei. Photo: EPA-EFE

iPhone

Indian officials visit Foxconn iPhone plant, question executives about hiring

Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives about the company’s hiring practices, an official said.

4 Jul 2024 - 11:50AM

Foxconn hits 8-year stock target set out by founder Terry Gou

‘The AI wave lifts all boats,’ says one analyst, as shares of Hon Hai Precision Industry reach NT$200.

19 Jun 2024 - 1:45PM

Artificial intelligence

Hong Kong unicorn SmartMore is the city’s new hi-tech poster child

Established by a Chinese University of Hong Kong professor in 2019, SmartMore has been tasked with boosting the city’s technology ecosystem.

13 Jun 2024 - 9:30AM

From left to right, SmartMore founder Jiaya Jia, Financial Secretary Paul Chan Mo-Po , and HKIC CEO Clara Chan Ka-chai. Photo: Sun Yeung

Artificial intelligence

‘The computer will now generate skill’: Nvidia CEO on near-future technology

Ahead of the opening of Taiwan’s Computex trade show, the Nvidia chief executive presented how ‘AI factories’ and ‘physical AI’ would help transform industries.

3 Jun 2024 - 6:27AMvideocam

Nvidia founder and chief executive Jensen Huang provides an update on the markets where his company’s hardware and software products are being deployed. Photo: AP

Apple supplier Foxconn misses March quarter estimates amid China iPhone downturn

Foxconn reported a net profit of US$679 million in the first quarter, which missed analysts’ average estimate of US$897 million.

14 May 2024 - 7:51PMvideocam

Foxconn sees record April sales with 19% jump, offers positive Q2 outlook

Foxconn, the largest assembler of Apple’s iPhone, said it expects a rise in second-quarter sales as the smartphone market rebounds.

6 May 2024 - 10:58AMvideocam

Apple supplier Foxconn sees second-quarter revenue growth, record April sales

Foxconn, the world’s largest electronics contract manufacturer, expects its second-quarter financial results to show both quarter-on-quarter and year-on-year growth.

5 May 2024 - 5:08PMvideocam

Foxconn Technology Group has adopted a more bullish outlook for this year, saying that it expected a significant rise in revenue driven by booming demand for artificial intelligence servers. Photo: Shutterstock

Semiconductors

Taiwan semiconductor firm KYEC to exit mainland China amid geopolitical tensions

King Yuan Electronics Co, one of the world’s largest chip testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou in eastern China.

29 Apr 2024 - 8:00PM

King Yuan Electronics Co is one of the world’s largest semiconductor testing and packaging services firms. Photo: Shutterstock

Smartphones

China’s Henan province sees drop in smartphone exports amid supply chain changes

Henan, home to the world’s largest iPhone factory, saw smartphone exports reach 6.65 million units in the first quarter, down 60.1 per cent from the same period last year.

26 Apr 2024 - 7:00AM