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

By Christian Zibreg on Mar 7, 2017

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. Read More

 

Foxconn serious about bidding for Toshiba’s memory chip business

By Christian Zibreg on Mar 1, 2017

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. Read More

 

Foxconn temporarily halts operations at many iPhone production lines

By Christian Zibreg on Feb 21, 2017

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. Read More

 

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

By Christian Zibreg on Feb 8, 2017

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. Read More

 

Apple and iPhone manufacturer Foxconn may build highly automated $7B display plant in U.S.

By Christian Zibreg on Jan 23, 2017

According to Japanese outlet Nikkei Asian Review, iPhone manufacturer Foxconn’s Chairman Terry Gou told journalists who attended his company’s end-of-year corporate party that Foxconn is considering a joint investment with Apple topping $7 billion for a highly automated display facility in the United States.

It would eventually create 30,000-50,000 jobs. Read More

 

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

By Christian Zibreg on Jan 20, 2017

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). Read More

 

Foxconn setting up Shenzhen facility to help Apple create gadget prototypes

By Christian Zibreg on Jan 18, 2017

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. Read More

 

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

By Christian Zibreg on Jan 13, 2017

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”. Read More

 

Foxconn reports first ever annual sales decline since going public 25 years ago

By Christian Zibreg on Jan 10, 2017

iPhone manufacturer Foxconn Technology Group posted its first ever sales decline since it went public back in 1991, Japanese outlet Nikkei reported Tuesday. The outlet expectedly blames “lukewarm demand” from Foxconn’s biggest client Apple and the “saturated smartphone market” for the 2.81 percent drop in annual sales.

For context, Foxconn earns more than half of its revenue from doing business with Apple. The Taiwanese company is also known as Hon Hai Precision Industry and assembles iPhones and other gadgets like PlayStation consoles, notebooks, wearable devices and so forth on a mass scale. Read More

 

Sharp setting up OLED production line at Foxconn’s iPhone manufacturing plant

By Christian Zibreg on Jan 9, 2017

Apple’s contract manufacturer Foxconn is taking advantage of its acquisition of Sharp as the Japanese giant plans to set up an OLED production line in Zhengzhou, a city of six million people in an impoverished region of northern China, according to a report by Japan-based Nikkei that was cited Monday by trade publication DigiTimes. Read More

 
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