Tag Archive: Foxconn


Foxconn confirms $3.5 billion takeover of iPhone display maker

Foxconn is cementing its importance to Apple by finalizing a deal to acquire a majority interest in struggling iPhone display maker Sharp for a reported 389 billion yen — or $ 3.5 billion. The multi-billion dollar bailout of Sharp was originally reported as being completed back in February, only to be placed on hold after previously undisclosed liabilities threatened […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Foxconn fights to save crumbling Sharp takeover

Foxconn, a.k.a. one of Apple’s biggest suppliers, is fighting to piece back together its crumbling deal to take over Japanese electronics firm Sharp — and both sides may well sign a deal this week. Foxconn’s multi-billion dollar bailout of Sharp was originally reported as being completed, only to be put on hold after the discovery of […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Foxconn fails in bid to get an even bigger piece of the Apple pie

Leading iPhone manufacturer Foxconn has failed to secure a stake in a Taiwanese chip company with the potential to earn massive amounts of cash from Apple. Foxconn had made a bid for a share in Siliconware Precision Industries (SPIL), offering a share swap which would have made it the largest shareholder in the company. Unfortunately for […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Foxconn posts record September revenues thanks to iPhone 6s

iPhone 6s manufacturer Foxconn has posted revenues of $ 318.4 million for the month of September, largely as a result of Apple’s next-gen handset. The monster earnings for the month were not only the best month of Foxconn’s year so far, but represented a 30 percent rise from the previous month and an increase of 17.8 percent year-on-year. And […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Mercedes won’t become Foxconn for the Apple Car

Steve Jobs may have famously driven a silver Mercedes SL55 AMG without a license plate, but don’t think that Mercedes-Benz is lining up to be the company that builds Apple’s much-rumored electric car. “We do not plan to become the Foxconn of Apple,†said Dieter Zetsche, chief executive of Daimler, the company which builds Mercedes vehicles, speaking […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Foxconn is cutting costs as Chinese smartphone market slows

Apple supplier Foxconn is reportedly cutting costs and widening its margins to keep ahead of the pack as the Chinese smartphone market slows, according to a new report. Although Foxconn’s CEO Terry Gou has been outspoken about his desire to not rely too heavily on any one company, Foxconn currently gets around half of its […]

Foxconn plans to build first Apple plant in India

Apple supplier Foxconn has come under fire over the last few years for its factories’ working conditions in China, but the company is now making plans to open up a new Apple plant in one of the world’s other booming… Read more ›

Foxconn may be planning new iPhone-building factories in India

The India government has previously blocked Apple from opening any brick-and-mortar retail outlets in the country because Apple don’t manufacture any products in India. That could be about to change, however, thanks to a recent rumor claiming that Foxconn has been… Read more ›

Foxconn invests in iOS competitor Cyanogen

Foxconn has become one of the world’s biggest tech suppliers thanks to its close relationship with Apple assembling iPhones and iPads, but the Chinese company is looking to hedge its bets by investing in the competing Cyanogen operating system. The… Read more ›

Foxconn CEO wants Apple manufacturers to unite against Samsung

Foxconn’s CEO Terry Gou is no fan of Samsung. In fact, according to a new report, he’s been trying to use his influence as Apple’s biggest manufacturing partner to get Apple to lessen its dependency on Samsung — while a… Read more ›