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Apple and Amazon to ‘chip in funds’ with Foxconn to buy Toshiba’s memory business

7 Jun

By Anmol Sachdeva, The Tech Portal

Toshiba’s financial troubles have pushed the technology giant to offload its NAND memory business to a third-party, even when it’s facing some amount of retaliation from its widely-known partner Western Digital (WD). The front runners for the acquisition of the complete (or majority stake) in the said division are Foxconn, Broadcom, and several others. This has driven the bid value to as high as $28 billion, as compared to the division’s $18 billion valuation. (more…)

Will Foxconn and Sharp Build an LCD Plant in the U.S.?

16 Jan

U.S. President-elect Donald Trump has been straightforward about his intention to boost manufacturing at home. Some industry experts have been quick to dismiss the possibility of moving consumer electronics production to the U.S. from East Asia. To do so, they say, would be unrealistic given the complete supply chain that exists in East Asia. (more…)

Foxconn Will Invest $8.8 Billion in New China Factory

2 Jan

Foxconn plans to build an $8.8 billion television flat-panel factory in Guangzhou which will make advanced liquid-crystal displays with technology from Sharp. (more…)

Except Foxconn, Other Key Apple Suppliers Are Not Keen on Moving Production to the U.S.

31 Dec

By Simran Agarwal, The Tech Portal

Post Trump’s calls for tech behemoths to setup manufacturing facilities in the U.S., Apple has been engaged in mulling over porting its production line from China to the U.S. Though Foxconn has talked about its preliminary discussions for investments in the U.S., other key suppliers are resistant towards the decision. Reportedly, Chinese supply managers are hesitant due to labor issues and overall operational costs in the States. (more…)

Is Foxconn Going to Manufacture in the U.S.?

9 Dec

On Wednesday Foxconn said in a statement, “We can confirm that we are in preliminary discussions regarding a potential investment that would represent an expansion of our current U.S. operations.” (more…)

Apple’s Biggest Manufacturer, Foxconn, Confirms Its Expansion Plans for the U.S

8 Dec

By Anmol Sachdeva, The Tech Portal

Apple’s largest device manufacturer, Foxconn Technology Group, is definitely planning to expand its operations to the Unites States. The Chinese behemoth has today confirmed that it has held preliminary discussions for investments that would enable it to move its facilities to the U.S. (more…)

Tai Jeng-wu Will Step Down After Turning Around Sharp

7 Dec

Tai Jeng-wu, vice president of Hong Hai Group, said on Dec. 5 that he will relinquish his concurrent position as the presidency of Sharp after turning around the company and relisting its shares on the first section of Tokyo Stock Exchange, for large-cap shares, according to Nikkei Shimbun.  (more…)

Will Foxconn Make Wireless Charging Modules for the iPhone 8?

2 Nov

According to Japan’s Nikkei Asian Review, Foxconn is manufacturing wireless charging modules for the 10th-anniversary iPhone to be released in 2017. Nikkei Asian Review quoted an unnamed industry source who said: “But whether the feature can eventually make it into Apple’s updated devices will depend on whether Foxconn can boost the yield rate to a satisfactory level later on,” the source said. (more…)

Hon Hai’s Sharp Plans to Take Back TV Brand License But Hisense Wouldn’t Let Go

28 Oct

Following Hon Hai’s takeover of Sharp, Chairman Terry Guo called for restructure of the company while regaining Sharp’s international brand awareness. (more…)

Sharp Rebounds from Loss, Reports JPY 40B Profit in 2016

22 Oct

Following Hon Hai Precision Industry of Taiwan’s acquisition, Japan’s Sharp has been working on optimization of its financial status, reported Nikkei. According to the latest update, it’s projected that Sharp is to profit JPY 40 billion throughout fiscal year 2017. (more…)