Page 4 - Foxconn

Electronics giant Foxconn forecasts strong Q1 revenue after profit miss

Foxconn, which also makes iPhones for Apple, booked an October-December net profit of T$46.33 billion ($1.41 billion), missing the T$54.4 billion average of 15 analyst estimates compiled by LSEG

Foxconn unveils first large language model 'FoxBrain,' trained by Nvidia

Foxconn, which assembles iPhones for Apple and also produces Nvidia's artificial intelligence servers, said the model is based on Meta's Llama 3.1 architecture

UP govt shifts land allocation for HCL-Foxconn chip unit to cut down delays

HCL requested YEIDA to allocate land at a different location due to the anticipated delay due to the ongoing land acquisition process

Boosted by PLI scheme, India's smartphone exports hit record Rs 1.5 trn

Smartphone exports during the 10 months leading up to January were 56 per cent higher than the Rs 991.2 billion recorded in the same period of FY24

Hon Hai offers Renault a lifeline, says open to buying its stake in Nissan

The company, known also as Foxconn, had adopted a wait-and-see attitude while Honda and Nissan worked out a plan to integrate their businesses

Aim is cooperation with Nissan, not acquisition: Foxconn's Young Liu

The deal would have been the latest change in a car industry facing a huge threat from China's BYD and other electric vehicle entrants

NHRC launches new probe into discriminatory hiring at Foxconn's India plant

Foxconn, which manufactures iPhones in India, was accused of excluding married women from assembly line jobs at its Tamil Nadu plant

Foxconn halts Chinese workers' deployment to India, sends Taiwanese staff

Foxconn halts deployment of Chinese workers to India, replacing them with Taiwanese staff amid delays in critical equipment shipments

Foxconn, Dixon ask govt to pay pending production-linked subsidies

The government pledged a total of Rs 41,000 crore ($4.8 billion) in subsidies to manufacturers, and part of that remains unallocated because some companies didn't meet estimated production targets

Foxconn beats estimates with record Q4 revenue driven by AI demand

Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia

Taiwan outpaces Asia-Pacific markets with over 30% jump in 2024; what next?

The standout growth in Taiwan's stock market was largely driven by the country's critical role in the global semiconductor supply chain, according to analysts

From AI chips to 6G testing: How India's tech landscape evolved in 2024

A new Centre of Excellence on Classical and Quantum Communications for 6G has been inaugurated this year at the IITM Research Park in Chennai to spearhead research and development in 6G technologies

Foxconn in talks with Nissan shareholder Renault, says Taiwan's CNA

Honda, meanwhile, has threatened to end its strategic software partnership with Nissan if it looks to join hands with Foxconn, Nikkei said in an earlier report

Honda-Nissan merger negotiations likely to begin next week, says Nikkei

Representatives for Honda and Nissan in the US didn't immediately reply to a request for comment on the start-date for talks

Foxconn approaches Nissan to take controlling stake as Honda eyes merger

News of Foxconn's interest emerged as Honda Motor Co. and Nissan announced they have entered potential merger talks, which would better position the combined company to face competitive challenges

Tata Electronics targets tech giants Microsoft, Dell for client expansion

Tata Electronics is expanding its client base beyond Apple, aiming to diversify by partnering with tech giants like Microsoft, Dell, and HP

Foxconn is likely to open its second-largest battery plant in Tamil Nadu

The Tamil Nadu government has approached the company with a proposal to offer 200 acres of land for the plant and incentives as talks reach final stages

Global manufacturing footprint to shield from Trump's tariffs: Foxconn

Foxconn would only be able to share more details about the company's US plans after Jan 20, once Trump takes office and his policies become clearer

Foxconn tells India recruiters to remove marital status in iPhone job ads

Foxconn, which employs thousands of women at the iPhone factory at Sriperumbudur, near Chennai, outsources recruitment of assembly-line workers to third-party vendors

Foxconn buys Rs 267 cr worth equipment to make iPhone 16 Pro in India

Taiwanese electronics giant Foxconn has procured equipment worth USD 31.8 million (about Rs 267 crore) for its India factory as it gears up to start manufacturing of iPhone 16 Pro Series at its Tamil Nadu unit, according to a regulatory filing and industry sources. This is the first time Apple's high-end iPhone Pro series will be made in a country other than China. In a filing, Foxconn said, "Subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited announces obtaining of machinery equipment" with a total transaction amount of "USD 31,804,528.45" from "APPLE OPERATIONS LIMITED". According to sources, the procurement has been done to add capacity in Foxconn's Tamil Nadu unit for manufacturing iPhone 16 Pro series smartphones. Apple earlier this month announced that it will begin to roll out its first-ever "made in India" iPhone 16 Pro and iPhone 16 Pro Max series soon. The supply of devices is expected to start late this month or early November.