Page 25 - Foxconn

Top 10 biz headlines: Make in India boost, fall in air traffic & more

Here are the top ten headlines on Thursday morning

Make in India boost: Samsung, Foxconn, Lava likely to apply for PLI scheme

The government will offer the scheme to five global and domestic entities.

Scheme for phone makers finds no takers amid coronavirus lockdown

Despite the government recently announcing two ambitious schemes for the sector to attract new investment, none of the companies is planning to avail them any time soon.

Apple supplier Foxconn's profit down 24% in fourth quarter of 2019

Foxconn reported its biggest monthly drop in revenue in about seven years in February as the outbreak continued to play havoc with its business

Apple supplier Foxconn's revenue hammered by coronavirus outbreak

TAIPEI (Reuters) - Apple's manufacturing partner Foxconn <2317.TW> reported its biggest monthly drop in revenue in about seven years on Thursday as the coronavirus outbreak continued to play havoc with its business.

Foxconn says China factories operating at 50% over coronavirus outbreak

Also known by its official name Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and makes Apple's iPhones as well as gadgets for other international brands

Apple supplier Foxconn to resume normal production in China end of March

Businesses have been hit hard as governments slapped travel curbs to contain the outbreak, upending supply chains and eroding demand

Coronavirus outbreak: Foxconn, General Motors to restart production

Here's a look at the widespread impact of coronavirus outbreak

China blocks Foxconn plan to restart ops over coronavirus worries: Report

Public health experts carried out inspections at Foxconn's factories in the southern city of Shenzhen and told the company that its factories had a "high risk of coronavirus infection"

Foxconn posts 23% Q3 profit rise, forecasts marginal core business growth

Foxconn hopes to boost its gross profit to more than 10% in 3-5 years from 6-7% now, citing a "transformation" plan which includes investment in areas including making parts for electronic vehicles

Alibaba-backed EV firm XPeng raises $400 mn from Xiaomi, others for growth

The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector

Apple starts selling iPhone XR assembled in Foxconn's Chennai unit

The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations

Apple and Foxconn broke a Chinese labour law to build new iPhones

Foxconn said it fired two executives at one of its Chinese plants after another CLW investigation

Govt sees gain in US-China trade war, to woo foreign firms like Apple

Govt ministries asked to submit their policies and incentive structures for Invest India, luring companies affected by US-China dispute.

Foxconn's Q2 net falls 2.5%; US tariffs may pose further challenges

Foxconn is already battling weak global demand for other electronics devices, which has forced it to consider selling its $8.8 billion display panel factory in China

Foxconn eyes sale of $8.8 billion China plant amid trade war woes

A sale would come at a delicate time for Foxconn, which has extensive investments in China, a large roster of US clients that includes Apple Inc, and is having to navigate a tricky path

Apple's India-made iPhones to hit stores next month; price drop likely

Apple's devices are coveted by millions of Indians, but its premium pricing has limited its market share to a meagre 1% to the gain of rivals such as China's OnePlus

HMD Global looks at local components sourcing for Nokia in India

Although its manufacturing partner in India currently is Foxconn, the firm is eyeing new partners to help it set up the local sourcing eco-system

Foxconn Technology to kick off trial production of latest iPhones in India

In the first two months of 2019, Apple shipped about 150,000 devices in India

Move out Apple's China plants to Taiwan, says Foxconn's Terry Gou

The Taiwanese firms that assemble most of the world's electronics are now expanding or exploring plants in Southeast Asia