Foxconn

Three major Apple suppliers have submitted preliminary bids for Toshiba’s flash chip business

In the coming weeks, Toshiba will unveil a final decision concerning selling a majority stake in its lucrative memory business. Bloomberg reported this morning that iPhone manufacturer Foxconn’s preliminary bid for Toshiba’s semiconductor unit is valued at a whopping $26.93 billion. According to Bloomberg’s sources, that amount is in part to force negotiations, using a bid that’s too high to ignore.

iPhone manufacture Foxconn reports highest-ever holiday quarter net profit

Hon Hai Precision Industry, also known as Foxconn Technology Group, counts Apple as its key client. Foxconn assembles iPhones and their Apple contract accounts for more than half of the Taiwanese company’s earnings. Yesterday, Foxconn reported both its highest-ever holiday quarter net profit and highest-ever gross margin since first-quarter 2013.

Foxconn and TSMC joining together to bid for Toshiba’s flash memory business

Aside from other firms, companies like storage maker Western Digital, iPhone manufacturer Foxconn and Apple mobile chip maker Taiwan Semiconductor Manufacturing Company (TSMC) have all been named as potential bidders seeking a stake in Toshiba’s memory business.

According to a new report in the Chinese-language Liberty Times, quoted by DigiTimes, Foxconn and TSMC are joining forces in an attempt to acquire a majority stake in Toshiba’s NAND flash business. A successful bid by the two Apple suppliers may pose a great challenge to Samsung Electronics’ leadership in the flash memory market.

Foxconn serious about bidding for Toshiba’s memory chip business

Contract manufacturer Foxconn Technology Group, which assembles Apple’s iPhones and other companies’ products, is “very serious” about bidding for Toshiba’s memory chip business. Toshiba is currently Apple’s top supplier of flash memory chips. Foxconn’s founder and chairman Terry Gou said the firm cannot afford not having this technology.

Toshiba recently moved to sell some or all of its memory chip business after reporting a massive $6.3 billion loss. According to Bloomberg, Gou was present at an event in southern China to open a new $9 billion display plant.

Foxconn temporarily halts operations at many iPhone production lines

DigiTimes said Tuesday that contract manufacturer Foxconn Electronics, also known as Hon Hai Precision Industry, has temporarily halted manufacturing operations at “many iPhone production lines” and shifted workers to other production facilities because shipments of iPhone 7 and iPhone 7 Plus are now past their peak level.

Sharp’s $7 billion US display plant may break ground before summer

Japanese giant Sharp is “taking the lead” on a rumored $7 billion display manufacturing plant in the United States which its parent company Foxconn recently highlighted in response to U.S. President Donald Trump’s “Make in America” call. Citing a person with knowledge of the plan, Reuters is reporting that the forthcoming facility may break ground sometime in the first half of 2017.

Samsung seeks arbitration against Sharp and other LCD panel makers over supply halt

Samsung Electronics has filed a request for international arbitration against Sharp and two other LCD panel makers over supply panel halt, The Korea Herald reported Friday.

Owned by iPhone manufacturer Foxconn, Sharp said recently it would stop supplying LCDs to Samsung.

The Galaxy maker is now seeking $492 million in compensation from Sharp and other vendors, said industry sources. Samsung reportedly filed its request with the International Chamber of Commerce (ICC).

Foxconn setting up Shenzhen facility to help Apple create gadget prototypes

iPhone manufacturer Foxconn Technology Group is building a new research and development facility in the southern Chinese city of Shenzhen to help Apple build prototypes of new products, Nikkei Asian Review reported Wednesday. According to two people familiar with the matter, plans call for the new facility to be located next to Apple’s upcoming research and development center in Shenzhen.

Apple suppliers Foxconn and Sharp could build $8 billion LCD plant in USA

Apple’s key suppliers—iPhone assembler Foxconn and its Japanese subsidiary Sharp—say that rumored plans calling for establishing an LCD manufacturing plant in the United States are “still on the table”. Company officials made that comment in response to U.S. President-elect Donald Trump’s “Make in America” call, Japanese outlet Nikkei reported Friday.

An unnamed Sharp executive told Nikkei that such a decision must be made “carefully”.