Apple & Bain complete $18B acquisition of Toshiba memory chip unit
The purchase of beleaguered Toshiba's memory group, long in limbo, is now complete, with Apple joining Bain, Dell, Seagate, and others to seal the deal.
The purchase of beleaguered Toshiba's memory group, long in limbo, is now complete, with Apple joining Bain, Dell, Seagate, and others to seal the deal.
This week on the AppleInsider podcast, Victor and Mike discuss Foxconn's IPO of an IoT group, Apple's self-driving vehicle news, and Mike educates the world on the relative lack of danger from Wi-Fi. Also special to this weeks' podcast, Victor interviews Sonny Vu, former CEO of Misfit, the wearables and IoT company about what he's working on next.
Foxconn is aiming at a $4.3 billion initial public offering for Foxconn Industrial Internet, a manufacturing arm specializing in things like servers and IoT accessories.
Originally intended to churn out larger displays for products like TVs, Foxconn's upcoming $10 billion Wisconsin factory may actually turn to making small- to medium-sized panels for the likes of Apple and automakers in a bid to cut costs, a report claimed on Wednesday.
Apple assembly partner Hon Hai — better known as Foxconn — has posted net income of $2.5 billion for the December quarter, reportedly linked to strong orders and consequent sales of the iPhone X.
A subsidiary of longtime Apple supply partner Foxconn on Monday announced the acquisition of popular accessory maker Belkin, which also owns Linksys, Phyn and Wemo brands, for approximately $866 million.
The HomePod was previously scheduled to hit the market before the end of last year, but Apple issued a statement in November saying it needed more time before the product is ready for customers, giving it an "early 2018" release date.
Having missed an original December launch date, the HomePod is finally rolling off the production lines of one of two assembly partners, Inventec, a report said this week.
In a report from DigiTimes alleging Apple is sending more of its MacBook Pro orders to assembly partner Foxconn, it is also suggests Apple is not planning a major update to the notebook line in 2018 at all, though the claim does not completely discount potential changes to the line altogether.
Shipments of the Apple Watch Series 3 could rise as much as 20 percent next year to between 23 and 25 million units, according to new industry predictions.
Apple supplier Foxconn in a statement on Thursday said it has stopped high school interns from working overtime at an iPhone plant in China, a practice that violates the country's labor laws.
Apple's main assembly partner, Foxconn, has been demanding illegal overtime from high school interns in its production of the iPhone X, a report charged on Tuesday.
Apple manufacturing partner Foxconn this week posted a 39 percent year-over-year decrease in net profit, losses that industry watchers attribute to the difficult-to-assemble iPhone X, which remains in limited supply.
Apple COO Jeff Williams will reportedly be meeting with Foxconn chairman Terry Gou when he visits Taiwan later this month, where he's expected to bring up the topic of production bottlenecks possibly hurting the iPhone X.
A new supply chain report suggests that the chokepoints on iPhone X manufacturing are loosening, and shipments from assemblers may meet demand before the holiday season concludes.
Apple's main assembly partner, Foxconn, recently sent out its first shipment of the iPhone X — but that batch included just 46,500 units, according to one report.
A new report claims Toshiba will sell its memory chip business to a consortium led by technology partner Western Digital, potentially ending a contentious months-long search for a buyer that included candidates Apple and its manufacturing partner Foxconn.
Foxconn is pressing hard for a deal that would give it 25 percent of Toshiba's chip manufacturing business — an arrangement that would end up with Apple controlling 20 percent of the equity as well.
A pair of photos from China claim to show pallets of "iPhone 8" units boxed up to be sent to Apple in America, ahead of next Tuesday's highly anticipated unveiling at the Steve Jobs Theater.
Lawyers squared off in a San Diego federal court last Friday in an initial hearing of Apple's lawsuit against Qualcomm, with the latter standing accused of antitrust violations and breach of contract.
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