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Topic: Foxconn

$18 billion deal for Toshiba's memory division further challenged by Western Digital

06/26/2017, 10:06 am

Extending the saga even further, Western Digital has notified Toshiba's board of directors that it formally opposes Toshiba's sale of its memory division to any group that has ties to its primary competitor SK Hynix -- and the favored consortium is relying on funding from it.

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Foxconn CEO insists that his investment group still has '50% chance' of landing Toshiba deal

06/23/2017, 08:06 am

Refuting speculation that the deal to buy Toshiba's memory division is effectively done. Foxconn Chairman Terry Gou declared on Friday that he expects that his company still has a '"50 percent chance" of winning.

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Apple supplier Foxconn planning $10B US investment, eyeing six states for display plant

06/22/2017, 12:06 pm

Apple's main assembly partner, Foxconn, is reportedly planning to invest $10 billion or more across several U.S. states, although the company is still deciding on which ones -- including where to put a $7 billion display plant.

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Toshiba selects winning bidder for chip business, rules out Apple/Dell/Foxconn consortium

06/21/2017, 01:06 pm

Toshiba has chosen a consortium formed by Bain Capital, Mitsubishi, and Japanese government investors as the preferred bidder for its memory chip business, effectively locking out a Foxconn-led consortium including the likes of Apple and Dell.

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Wisconsin location reportedly under consideration for US Foxconn factory

06/14/2017, 07:06 pm

Sources claim that Apple manufacturing partner Foxconn has set its sights on Wisconsin as a location for its U.S. plant -- but governmental sources in the state note that any firm deal is still some time away.

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Foxconn head says Apple & Dell are key partners in joint bid for Toshiba's memory unit

06/12/2017, 09:06 am

Apple, Dell, and Kingston are currently the three other partners in a Foxconn-led group bidding for Toshiba's memory unit -- though still more tech firms may sign on with just days to go, according to Foxconn's chairman.

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Apple & Amazon paying into Foxconn bid for Toshiba's memory unit

06/05/2017, 09:06 am

Apple and Amazon will "chip in funds" towards a Foxconn bid for Toshiba's memory unit, Foxconn chairman Terry Gou revealed on Monday.

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Qualcomm accuses Foxconn & other Apple suppliers of breach of contract

05/17/2017, 09:05 am

Chipmaker Qualcomm on Wednesday leveled a complaint against Foxconn and three other Apple manufacturing partners, accusing them of breaking licensing agreements by not paying due royalties.

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Chinese premier visits Foxconn, suggests Apple assembler refocus on China rather than US

05/10/2017, 09:05 am

China Premier Li Keqiang visited a Foxconn production center, and reportedly told the Apple partner's CEO to set up its "whole industrial chain" in China, rather than expanding further into other countries like the U.S.

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Apple assembler Foxconn says US investment coming, details unsettled

04/28/2017, 03:04 pm

Apple's main assembly partner, Foxconn, is indeed planning to make some form of investment in the U.S., but the exact details are yet to be finalized, the latter company's chairman confirmed on Friday.

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Trump to meet with Foxconn chairman Terry Gou, report says

04/27/2017, 06:04 pm

Terry Gou, chairman of Apple manufacturing partner Foxconn, will reportedly meet with President Donald Trump in Washington, D.C., on Thursday, where the pair are likely to discuss U.S. job creation and a pending bid for Toshiba's chip business.

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State-backed fund may take minority stake in Toshiba's memory unit to prevent foreign buyouts

04/18/2017, 11:04 am

The state-supported Innovation Network Corp of Japan may pursue a minority stake in Toshiba's memory business, allowing the government to block the sale of a majority stake to businesses deemed risky to national security -- including two Apple suppliers, according to a report.

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Apple considers investing 'several billion dollars' for stake in Toshiba chip business, report says

04/14/2017, 04:04 am

According to the latest industry whispers surrounding the sale Toshiba's semiconductor unit, Apple is considering investing several billion dollars in a bid that would give it and partner investor Foxconn a more than 20 percent stake in the business.

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Toshiba likely to reject $27B memory business bid by Apple manufacturer Foxconn

04/12/2017, 09:04 am

Toshiba may turn down a bid for its memory business by Apple manufacturer Hon Hai -- better known as Foxconn -- despite the latter being willing to outbid others by billions of dollars.

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Apple-connected bidders raise stakes in bids for Toshiba's memory business

04/10/2017, 09:04 am

Three Apple suppliers -- Hon Hai/Foxconn, SK Hynix, and Broadcom -- are reportedly dogged in their determination to bid for Toshiba's memory business, despite strong preferences by both Toshiba and the Japanese government for a domestic buyer.

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Toshiba narrows bidders for memory business, may have dropped Apple

04/07/2017, 09:04 am

Toshiba has reportedly shrunk the group of bidders for its memory business from about 10 to a number that may no longer include Apple, though no binding offers have been made, and more bidders could potentially join.

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Apple assembler Foxconn sees quarterly revenues surge on high iPhone sales

03/31/2017, 10:03 am

Apple's main assembly partner, Foxconn, reportedly saw its net income jump 30 percent to $2.3 billion in the December quarter, fueled heavily by the first full quarter of iPhone 7 sales.

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Japan's national security could block Apple suppliers Foxconn & TSMC from Toshiba memory stake

03/10/2017, 09:03 am

The Japanese government is preparing to vet the security of potential bidders for a majority stake in Toshiba's memory business -- something that could give U.S. companies an edge, but stop Apple suppliers Foxconn and TSMC, a report said on Friday.

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Foxconn chairman raises uncertainties over building displays for Apple in USA

03/09/2017, 11:03 am

Apple manufacturing partner Foxconn has yet to decide whether or not to proceed with plans to jointly invest in a $7 billion facility in the U.S., with Chairman Terry Gou expressing concerns over government incentives, supply chain issues, and a shortage of skilled labor in the country.

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Apple suppliers Foxconn & TSMC partnering on bid for Toshiba's memory business - report

03/07/2017, 11:03 am

Two of Apple's main supply chain partners -- Foxconn and TSMC -- are joining together to bid for a majority stake in Toshiba's memory business, a report said on Tuesday.

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