Sources: Foxconn recalled ~300 Chinese engineers from its Indian plant making iPhone parts, replacing them with Taiwanese staff, its second such move in months
Apple Inc. assembly partner Foxconn Technology Group has recalled about 300 Chinese engineers from a factory in India …
Foxconn reports Q1 revenue up 24% YoY to ~$54B, net profit up 91% YoY to ~$1.38B, above est.; cloud and networking, like AI servers, was 34% of its Q1 revenue
The company still expects AI servers to be a growth driver this year — Foxconn Technology Group reported strong first-quarter results …
Foxconn reports Q2 revenue up 19% YoY to ~$48B and net profit up 6% YoY to ~$1.08B, above ~$1.04B est., on strong AI server demand; its stock is up ~18% in 2024
Quarterly revenue rose 19% from a year earlier — Foxconn Technology Group reported a 6% increase in quarterly net profit …
Sources: Foxconn plans to invest ~$700M on a new plant to make iPhone parts on a 300-acre site in Bengaluru, India; the plant is expected to create 100K jobs
Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production …
Chinese media: Foxconn says its Zhengzhou plant is operating with ~200,000 workers, or ~90% capacity, back to around reported normal levels, after disruptions
Foxconn Technology Group has brought the world's largest iPhone plant to about 90% of anticipated peak capacity …
Sources: a letter by Foxconn founder Terry Gou to China's leadership, sent over a month ago during unrest in Zhengzhou, helped dismantle zero COVID-19 policies
Foxconn Technology Group founder Terry Gou warned that the government's strict policies would threaten its position in global supply chains
Sources: Foxconn Industrial Internet took a minority stake in Chinese state-backed chipmaker Tsinghua Unigroup for $788M during Unigroup's $9B bailout by China
A Shanghai-listed arm of Foxconn Technology Group acquired a stake in China's top chipmaker during its $9 billion bailout …
Foxconn resumes partial operations at two Shenzhen campuses closed on Monday, one of which makes iPhones, after authorities approved its “closed loop” process
Apple Inc. supplier Foxconn Technology Group has resumed partial operations in the Chinese tech hub of Shenzhen …
Foxconn is reconsidering plans for its $10B Wisconsin plant, says it plans to hire engineers and researchers instead of manufacturing workforce promised earlier
(Reuters) - Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus …
Leaked memo: Foxconn aims to cut $2.9B from expenses in 2019 and eliminate ~10% of non-technical staff, as it faces “a very difficult and competitive year”
Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, aims to cut 20 billion yuan ($2.9 billion) …