foxconn

Foxconn Technology Group (OTC:HNHPF), a major supplier for Apple Inc. (NASDAQ:AAPL), is under investigation by Chinese authorities over tax and land use, according to the company’s statement. The company’s founder, Terry Gou, is currently running for the presidency of Taiwan. China's...

In a surprising twist, Foxconn Technology Group has reportedly been offering its workers at the Huawei Technologies handset production unit higher wages than their counterparts in iPhone manufacturing, according to the South China Morning Post. What Happened The report states that...

Apple Inc. (NASDAQ: AAPL) supplier, Foxconn, is planning to double its workforce and investment in India by next year, according to a company executive. As per Reuters, the announcement was made on Sunday by Foxconn's representative in India, V Lee. The Taiwan-based firm, the largest contract...

Terry Gou, the billionaire mastermind behind Hon Hai Precision Industry (OTC:HNHPF), also known as Foxconn, has thrown his hat into the ring for the Taiwanese presidency. He promises to restore relations with China and give the island nation’s economy a boost. What Happened: Gou, on Monday,...

This story was first published on the Benzinga India portal. Apple Inc (NASDAQ: AAPL) is keen on ramping up its domestic component production in India. This revelation came to light during a recent tête-à-tête between Apple’s top brass and India’s finance...

This story was first published on the Benzinga India Portal. Taiwanese electronics major Hon Hai Precision Industry Co Ltd (OTC: HNHPF), better known as Foxconn, has reportedly begun the production of Apple Inc’s (NASDAQ: AAPL) upcoming iPhone 15 in Tamil...

Apple Inc. (NASDAQ:AAPL) could be headed for a weak holiday season – its top supplier Foxconn Technology Co. Ltd.'s (OTCPK: FXCOF) parent company Hon Hai has predicted an overall decline in iPhone shipments in 2023. What Happened: Foxconn parent Hon Hai now expects the overall iPhone demand in 2023...

This story was first published on the Benzinga India portal. The Indian government will give the South Korean tech giant, Samsung Electronics Co. Ltd (NYSE: SSNLF), a whopping $72.3 million, marking the largest payout under the production-linked incentive (PLI) scheme...

Founder of Apple Inc.’s (NASDAQ:AAPL) lead supplier Foxconn Technology Group (OTC:HNHPF), Terry Gou, warns of a potential crash in the U.S. stocks if a war involving Taiwan occurs, Bloomberg reports. The Taiwanese billionaire expressed his concerns in a Facebook post, stating that it could...

This story was first published on the Benzinga India portal. Tata Group is reportedly on track to buy an Apple Inc (NASDAQ: AAPL) iPhone supplier factory in India from Wistron Corporation, according to Bloomberg. If the deal goes through by August, this would be the first time a...

Ed Hightower, CEO at Lordstown Motors Corp. (NASDAQ:RIDE), embarked on a trip to Taiwan for a meeting with Foxtron, an affiliate of Foxconn Technology Group, to discuss the development of a new electric vehicle. However, the Foxtron CEO failed to show up, marking the beginning of a series of...

Apple, Inc.'s (NASDAQ:AAPL) main iPhone assembler Hon Hai Precision Manufacturing Company Limited (OTC:HNHPF) reported Thursday a slump in first-quarter profit and guided to weak consumer electronic revenue for the second quarter. The Taiwanese company reported a first-quarter net profit of NT $12....

Apple Inc‘s (NASDAQ:AAPL) oldest and largest supplier plans to build a factory in India to produce wireless earphones after winning an order from the Cupertino-based tech giant.  What Happened: Taiwan's contract manufacturer Hon Hai Precision Industry Co. Ltd. (OTC:HNHPF), known as...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Manufacturing Company Limited (OTC: HNHPF) reported a fall in net profit for the fourth quarter as margins eroded amid operational challenges posed by the COVID-19 recurrences in China. What Happened: Taipei, Taiwan-based Hon Hai, popularly...

Apple Inc (NASDAQ: AAPL) and its Taiwanese manufacturing partner Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), better known as Foxconn, were reportedly among the companies that successfully lobbied for changes in labor law in Karnataka, India. What Happened: The development means that two-shift...