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Topic: Foxconn

India asking for commitment on manufacturing before approving Apple Stores

06/13/2016, 11:06 am

The Indian government is aiming to get a firm commitment from Apple on local manufacturing before authorizing the launch of any Apple Stores in the country, a report said on Monday.

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Foxconn chairman tells staff to expect 'feeble' iPhone sales until early 2017 - report

06/13/2016, 09:06 am

The chairman of Hon Hai -- better known as Foxconn -- is reportedly telling subordinates that demand for Apple iPhones will stay weak until early next year, despite an anticipated fall launch for new models.

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Apple supplier Foxconn replaces 60,000 workers with robots

05/25/2016, 11:05 am

Apple's primary manufacturing partner, Foxconn, has replaced 60,000 people with robots at a single factory in Kunshan, China, a report said on Wednesday.

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Microsoft sells Nokia feature phone division to Foxconn for $350M

05/18/2016, 08:05 am

Microsoft's steady decline in the mobile phone business continues, as the Redmond, Wash., company announced on Wednesday that it will sell the feature phone division it acquired from Nokia to a subsidiary of manufacturer Foxconn for $350 million.

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Foxconn & Pegatron kick off hiring early to cope with Apple's more complex 'iPhone 7' - report

05/17/2016, 11:05 am

Apple's two main assembly partners, Foxconn and Pegatron, are said to have begun extra hiring for iPhone production early this year, allegedly owing to the complexity of the "iPhone 7."

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Suppliers gearing up to ship Apple's 'iPhone 7' by end of September

05/17/2016, 08:05 am

Like clockwork, Apple's well-established annual iPhone release cycle is on track once again, as a new report claims the company's suppliers are prepared to begin shipping the "iPhone 7" and "iPhone 7 Plus" by the end of the third quarter.

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As Apple display partner Sharp continues to bleed, new owner Foxconn shakes up management

05/12/2016, 02:05 pm

While display panel maker Sharp continues to lose money, the Japanese company faces a sweeping management reorganization under the thumb of its new owner, Apple manufacturing partner Foxconn.

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Foxconn nears deal to build iPhone manufacturing plant in India, report says

05/09/2016, 08:05 pm

Apple supplier Foxconn is reportedly close to inking a deal with the Indian government to green-light plans to set up a manufacturing plant exclusively for Apple products.

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Apple partner Foxconn finally seals the deal with Sharp for $3.5B

03/30/2016, 01:03 pm

Two key Apple suppliers will officially join forces, as Foxconn has entered into a deal to purchase display maker Sharp for $3.5 billion, bringing to an end months of speculation and negotiations.

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Foxconn reported to ink Sharp deal next week, pay smaller bailout

03/25/2016, 11:03 pm

After a series of false starts, Apple supplier Foxconn has successfully reached an agreement to buy out embattled Japanese tech giant Sharp and will ink an official deal next week, local reports say.

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Foxconn asks banks for compromises to make Sharp takeover deal work

03/15/2016, 02:03 pm

Apple's biggest manufacturing partner, Foxconn, is angling for compromises from two key lenders before it goes ahead with its planned takeover of Sharp, a report said on Tuesday.

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Sharp liabilities holding up Foxconn takeover simply 'worst-case' risks

02/29/2016, 11:02 am

The liabilities that led Foxconn -- Apple's main manufacturing partner -- to delay its planned takeover of Sharp actually consisted of a study of worst-case risks, a report said on Monday.

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Foxconn & Sharp to delay takeover talk deadline by 1-2 weeks, report says

02/26/2016, 02:02 pm

Sharp and Apple's main manufacturing partner, Foxconn, have reportedly agreed to extend the deadline for takeover talks by another one to two weeks, following the latter's discovery of undisclosed Sharp liabilities.

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Foxconn's Sharp takeover postponed because of undisclosed liabilities, report says

02/25/2016, 12:02 pm

Despite indications that Apple supplier Foxconn had completed a deal to take over Sharp, the company is now reportedly putting the acquisition on hold after discovering undisclosed liabilities.

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Sharp reportedly accepts $6.25B takeover bid from Foxconn

02/24/2016, 10:02 pm

Following months of rumors and speculation, primary Apple supplier Foxconn has reportedly purchased embattled Japanese tech giant Sharp for $6.25 billion, beating out an offer from Innovation Network Corporation of Japan.

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Rumor: Apple to expand supply chain, add Wistron as manufacturer for new 4" iPhone

02/16/2016, 08:02 am

Both longtime Apple manufacturing partner Foxconn and newcomer Wistron are expected to handle assembly of the company's forthcoming 4-inch iPhone revamp, according to a new supply chain report.

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Sharp takeover deal should be finalized by end of February, Foxconn CEO says

02/05/2016, 11:02 am

The Foxconn bid to take over Sharp is now only awaiting finalized details between the two parties, Foxconn's CEO Terry Gou told reporters on Friday, indicating that Innovation Network Corp. has indeed been cut out of the loop.

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Sharp leaning towards Foxconn takeover, but with no exclusive negotiations, CEO says

02/04/2016, 10:02 am

Sharp is indeed leaning towards a takeover by Apple's main manufactuing partner, Foxconn, but no exclusive negotiating rights have been offered, the company's CEO announced at a Thursday press conference.

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Sharp, Foxconn to enter talks over $5.5B takeover bid, report says

02/03/2016, 11:02 pm

Sharp reportedly plans to enter talks with Foxconn over a takeover bid that could be worth some $5.5 billion, suggesting an end is near for Foxconn's bidding war with Innovation Network Corporation of Japan.

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Innovation still undecided on Sharp rescue plans as Foxconn raises bid, tries to allay job fears

01/29/2016, 10:01 am

In the bidding war for Sharp, Innovation Network Corp. has yet to decide on a possible rescue plan, even as rival Foxconn is raising its bid and promising not to cut Japanese jobs, a report said on Friday.

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