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foxconn technology group

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

by Anas Siddiqui
Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Apple’s main contract manufacturing partner, Foxconn Technology Group, said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted …

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Foxconn finally hits 8-year stock target set out by billionaire founder Terry Gou

by Anas Siddiqui
Foxconn finally hits 8-year stock target set out by billionaire founder Terry Gou

Annual general meetings (AGMs) in past years had featured shareholders asking Gou when his famous target would be attained. This year’s AGM showed how the company has evolved in new …

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An era of robotics, ‘AI factories’ powered by Nvidia’s chips and software is ‘in our near future’, CEO Jensen Huang

by Anas Siddiqui
An era of robotics, ‘AI factories’ powered by Nvidia’s chips and software is ‘in our near future’, CEO Jensen Huang

Nvidia founder and chief executive Jensen Huang on Sunday unveiled his vision for a new era of generative artificial intelligence (AI) and robotics for industries, powered by the chips, software …

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Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales

by Anas Siddiqui
Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales

Taiwan’s Foxconn Technology Group, the world’s largest electronics contract manufacturer and the biggest assembler of Apple’s iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record …

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Taiwan semiconductor firm KYEC to exit mainland China amid geopolitical tensions, changes in cross-strait chip supply chain

by Anas Siddiqui
Taiwan semiconductor firm KYEC to exit mainland China amid geopolitical tensions, changes in cross-strait chip supply chain

Taiwan’s King Yuan Electronics Co (KYEC), one of the world’s largest semiconductor testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou, in …

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China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

by Anas Siddiqui
China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

According to data released by Zhengzhou’s local customs authority, Henan’s smartphone exports totalled 6.65 million units in the first quarter, down 60.1 per cent from the same period last year. …

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Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

by Anas Siddiqui
Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

Foxconn Technology Group, the world’s biggest iPhone assembler, expects revenue to decline in the first quarter of 2024 amid weak global consumer electronics demand, extending a decrease in sales in …

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Apple supplier Luxshare to take control of key iPhone plant in eastern China via US$300 million deal with Taiwan’s Pegatron

by Anas Siddiqui
Apple supplier Luxshare to take control of key iPhone plant in eastern China via US0 million deal with Taiwan’s Pegatron

Apple’s key Chinese manufacturing partner Luxshare Precision Industry Co is set to gain control of an iPhone assembly site run by a Taiwanese rival, as the US tech giant fosters …

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India confirms subsidies for Apple supplier Foxconn, Lenovo and 25 other tech hardware firms, bolstering country’s electronics supply chain ambitions

by Ron Morgan
India confirms subsidies for Apple supplier Foxconn, Lenovo and 25 other tech hardware firms, bolstering country’s electronics supply chain ambitions

India will provide subsidies to some of the world’s biggest tech hardware companies, including Apple supplier Foxconn Technology Group and computer giant Lenovo Group, under a scheme to boost domestic …

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Huawei has a big problem with the popular Mate 60 5G smartphones: there’s not enough supply to meet growing demand

by Anas Siddiqui
Huawei has a big problem with the popular Mate 60 5G smartphones: there’s not enough supply to meet growing demand

“Production capacity can’t meet demand, which is the reason Huawei is doing pre-orders,” said Counterpoint Research senior analyst Wang Yang, adding that presales help buy some time for Huawei to …

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