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Kneron announces $49M in additional funding
September 27, 2023
Kneron yesterday announced $49M in strategic funding from investors including Foxconn,HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek, bringing their total series B financing to $97M.
Foxconn’s looking to double its workforce in India
September 18, 2023
EMS provider Foxconn says it is looking to double its workforce and investment in India by next year.
TrendForce expects iPhone 15 series production at 80M units
September 11, 2023
Apple is slated to unveil four new iPhone models in mid-September: the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max. TrendForce predicts a production figure of approximately 80 million units for the iPhone 15 series.
Foxconn invests US$500 million in Chihuahua
September 07, 2023
The world's biggest EMS provider says that it has invested more than USD 500 million in the State of Chihuahua, Mexico.
Foxconn founder to run for Taiwan presidency
August 28, 2023
Terry Gou, the founder of electronics manufacturing giant Foxconn, launched his candidature for Taiwan's next president in the 2024 elections on Monday.
Server supply chain becomes fragmented
August 23, 2023
TrendForce reports that Taiwan-based server ODMs, including Quanta, Foxconn, Wistron (including Wiwynn), and Inventec, have set up production bases in countries like Thailand, Vietnam, and Malaysia. It’s projected that by 2023, the production capacity from these regions will account for 23%, and by 2026, it will approach 50%.
Foxconn subsidiary injects US$ 400 million into Indian venture
August 14, 2023
Foxconn Interconnect Technology has announced a capital investment to its Indian subsidiary as the Taiwanese group has been stepping up its investments in the country.
Foxconn's Q2 profit slips 1%
August 14, 2023
In the second quarter of 2023, Hon Hai's (Foxconn) revenue totaled NTD 1.3045 trillion, down 14% on year.
Foxconn to make $600m investment in Indian ops
August 03, 2023
Foxconn appears to have resolved its on-off strategy for manufacturing in India: news has just broken of a major new facility in the state of Karnataka.
Foxconn greenlights $194m components facility in India
August 01, 2023
Taiwan's Foxconn has signed an agreement with officials in Tamil Nadu to open a new plant in the Southern Indian state.
India: we'll rival China's chip industry inside a decade
July 31, 2023
India's minister for IT says the country's $10bn incentive programme will help India challenge China in the semiconductor space within ten years.
Foxconn targets automotive space with new acquisition
July 26, 2023
Foxconn, the company known best for making iPhones, is to acquire a 50% stake in ZF Chassis Modules. The move will support Foxconn's ambitions in the electric vehicle market.
HCL will invest $300m to move into the semiconductor space
July 20, 2023
India's HCL Group is a global computer hardware and software giant – but it wants to play more directly in the semiconductor market. Now it's unveiled an ambitious plan to do so.
Foxconn to build a new plant in Quang Ninh province, Vietnam
July 14, 2023
Vietnam is doing a very good job of selling itself as a location for manufacturing electronics. Now, Foxconn has confirmed it will open a facility there.
Foxconn pulls out of $19.5 billion JV with India's Vedanta
July 11, 2023
Taiwanese semicondutor giant Foxconn has said it will abandon its proposed JV with metals-to-oil conglomerate Vedanta.
Foxconn responds to Lordstown's lawsuit
June 30, 2023
The electronics manufacturer says that has been "holding a positive attitude in conducting constructive negotiations with Lordstown Motors Corp (LMC) and in assisting LMC in finding a solution to its financial difficulties."
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