By Christian Zibreg on Oct 24, 2016
A May report from The Economic Times alleged that Apple had approached Foxconn about assembling iPhones in India in the next two to three years. The Economic Times of India confirmed Monday that Foxconn will be expanding its operations in India next year, backing its $600 million investments already made in the country. Read More
By Christian Zibreg on Sep 26, 2016
iPhone manufacturer Hon Hai Precision Industry, better known in the Western press as Foxconn, has obtained approval from the local government to repair iPhones at its subsidiary in Shanxi, China, according to a report in the Chinese-language Economic Daily News newspaper cited by Taiwanese publication DigiTimes. This marks a second Foxconn subsidiary that can now repair iPhones.
The business model helps Apple to “save 40 percent of its costs on its smartphone maintenance services,” added the paper. Read More
By Christian Zibreg on Sep 5, 2016
iPhone manufacturer Foxconn is giving bonuses to employees in an effort to maintain workforce ahead of the iPhone 7 introduction, trade publication DigiTimes quoted Taiwanese media as saying this morning. The contract manufacturer has reportedly been “encouraging internal recommendations” by treating each employee who recommends qualified workers to a cash bonus of up to CNY1,400, or about $209. Read More
By Christian Zibreg on Aug 31, 2016
In 2017, the iPhone should undergo a top-to-bottom industrial design overhaul with a number of hardware improvements planned for the handset, such as a wraparound AMOLED display curved at both sides like that on Samsung’s Note 7 and the Galaxy S6/S7 range, as well as an all-new glass enclosure.
According to a recent Chinese-language Commercial Times report cited by DigiTimes, Taiwanese suppliers are now ordering machinery for the production of curved glass chassis for next year’s iPhone lineup. The glass casing should help differentiate the Tenth Anniversary iPhone, as the media affectionally calls the device, and give Apple fans more reasons to upgrade. Read More
By Christian Zibreg on Aug 15, 2016
Allegedly genuine images that surfaced on Chinese forums this weekend, discovered by Dutch blog TechTastic.nl, seem to offer a closer look at an iPhone 7 Plus casing inside a Foxconn factory. Someone who appears to work on the factory floor has been photographed holding what resembles a casing for an iPhone 7 Plus in their hand, showing it from various angles. The images corroborate previous leaks and mark the first time photos of an iPhone 7 unibody chassis have leaked out of Foxconn. Read More
By Christian Zibreg on Aug 9, 2016
The rumor-mill has been adamant that a 2017 iPhone model—dubbed by the press a Tenth Anniversary iPhone because the original iPhone was announced and released in 2007—will adopt power-saving organic light-emitting diode (OLED) display technology and feature an all-new industrial design.
Japanese outlet Nikkei is now reporting that iPhone contract manufacturer Foxconn is developing both OLED displays (Foxconn bought Sharp earlier this year) and glass casings to secure orders for the Tenth Anniversary iPhone in 2017. Read More
By Christian Zibreg on May 25, 2016
Robots are taking over iPhone manufacturer Foxconn: the world’s biggest contract fabricator has successfully replaced as many as 60,000 factory workers with sophisticated machines that use artificial intelligence to perform elaborate assembly work more efficiently than humans do, a government official told the South China Morning Post. Read More
By Christian Zibreg on May 18, 2016
iPhone manufacture and the world’s largest contract fabricator, Foxconn, has made an interesting purchase, snagging the Nokia feature phone business from Microsoft for a paltry $350 million with a little help from private equity backed HMD Global.
Nokia’s feature phones, which are powered by the Series 30+ operating system, once were its bread and butter—especially in pre-smartphone days. Read More
By Christian Zibreg on May 17, 2016
Apple’s Taiwanese suppliers have kicked off the recruiting process in preparation for an ‘iPhone 7’, CNBC reported Tuesday citing Economic Daily News. The mass-hirings have started earlier than usual because the iPhone 7 design is said to be “more complex than previous models,” which meant that Apple’s suppliers needed to start work on iPhone 7 parts earlier than on previous iterations.
Both Foxconn and Pegatron had ramped up hiring as they prepared to assemble the upcoming iPhone 7 models, ahead of their expected September release. Read More
By Cody Lee on May 9, 2016
Apple manufacturing partner Foxconn is close to signing a deal with the Indian government to open an iPhone manufacturing plant in the country, reports the Economic Times. More specifically, the company is looking for a 1,200-acre plot of land in Maharashtra.
Today’s news comes nearly one year after we first heard of Foxconn’s interest in building facilities in India. If the deal goes through, the electronics-maker hopes to construct a $10 billion building for assembling Apple’s smartphones, and others would likely follow. Read More
By Christian Zibreg on Apr 8, 2016
A whopping 11.5 million documents from Panamanian law firm Mossack Fonseca, so-called Panama Papers leak, reportedly suggest that the world’s top contract fabricator Foxconn, which assembles iPhones and many other consumer electronics products for other tech firms, may have evaded taxes worth up to a massive $22.86 billion via investments in Panama’s offshore companies.
Foxconn vehemently denied its involvement in the Panama Papers scandal. In an eyebrow-raising move, the Taiwanese firm then dropped veiled threat it might resort to suing news publications that make up such rumors, according to DigiTimes on Friday. Read More
By Christian Zibreg on Mar 30, 2016
It’s finally official: the world’s leading contract fabricator, Foxconn, which assembles iPhones and other products for Apple and other consumer electronics companies, has purchased the struggling Japanese giant Sharp, one of Apple’s display panel suppliers, in a deal valued at a reported $3.5 billion.
As reported today by The Wall Street Journal, Foxconn believes this transaction will improve its position on the technology value chain and has plans to expand Sharp’s production capacity and invest in the production of OLED screens that future iPhones are expected to adopt. Read More
By Christian Zibreg on Feb 26, 2016
As previously reported, Apple’s favorite contract manufacturer Foxconn has made a $6.2 billion bid to acquire the ailing Japanese consumer electronics maker Sharp, which has been in the business for a cool 103 years now. Although Sharp’s board has made the decision to accept the offer last Thursday, it seems the acquisition is not a done deal after all.
As reported Friday by The Wall Street Journal, Foxconn is reportedly delaying the signing of the takeover agreement after it had been “surprised” by new information Sharp had disclosed just a day before. Read More
By Cody Lee on Feb 24, 2016
Apple partner Foxconn is set to acquire Sharp for roughly 700 billion yen (or $6.2 billion USD), reports Nikkei Asian Review. The outlet says that Sharp’s board voted on Thursday morning to accept the offer, and plans to restructure its operations under the Hon Hai umbrella.
The deal, which has not been officially announced yet, comes after years of failed negotiations between the two companies. Foxconn has made several attempts to acquire the struggling electronics giant, or large pieces of it, with the latest offer of $5.3 billion coming in January. Read More
By Christian Zibreg on Jan 21, 2016
The Wall Street Journal has it on good authority that Foxconn, the world’s biggest contract fabricator that assembles products for Apple and other companies, is buying Sharp, an iPhone display supplier.
Sharp has been in financial crisis for several years and banks have bailed it out twice in three years.
Foxconn has reportedly offered approximately ¥625 billion, or about $5.3 billion, to acquire Sharp. Back in 2013, Foxconn was supposed to buy a large stake in Sharp, but the deal quickly collapsed over share price dispute. Read More
By Christian Zibreg on Aug 20, 2015
The plot is thickening following yesterday’s analyst report that Apple’s larger-screened iPad is entering mass production in September and October and recent sightings of an unreleased “iPad6,8” model with a screen resolution of 2,732-by-2,048 pixels in commercial app analytics data.
According to Asian trade publication DigiTimes, Japanese giant Sharp and Foxconn, the world’s top product assembler, will be supplying touch modules for the larger iPad, tentatively dubbed by the press the iPad Pro. Read More
By Cody Lee on Jun 11, 2015
Apple’s high profile manufacturing partner Foxconn Technology is in talks with government officials to build iPhones in India, reports Reuters. An Industries Minister told the publication that “Foxconn is sending a delegation of their officers to scout for locations in a month’s time.”
Altogether the Taiwanese-based tech giant, which is the world’s larger contract maker of electronics, is aiming to develop 10-12 facilities in India, including factories and data centers. No additional details regarding the plans were given, but Reuters says the goal is to be done by 2020. Read More
By Cody Lee on Apr 6, 2015
Ahead of its upcoming Code Asia conference, Foxconn granted tech publication Recode guided access to its manufacturing facility in Shenzhen, China where it assembles iPads, Macs and other products. We’ve seen similar behind-the-scenes reports in the past, but today’s piece offers a current look at employee conditions inside one of Foxconn’s largest factories.
During their tour, Recode says that it observed both the remnants of past tragedies and several signs of improvements. For instance, there are still nets atop of buildings to help prevent suicide jumps, and many buildings are still covered in rust and grime. But Foxconn has added several college-like amenities such as a track, multiple swimming pools and an Internet Cafe. Read More
By Jake Smith on Mar 25, 2015
Bloomberg reports Apple plans to introduce an iPhone trade-in program in China, similar to what’s currently available from the company in the US, UK, India, and other countries. As China becomes one of Apple’s most important markets, the ability to sell more iPhones is always a plus. Read More
By Jake Smith on Jan 12, 2015
Apple suppliers Taiwan Semiconductor Manufacturing Co. and Foxconn’s Hon Hai Precision saw record monthly revenues in December thanks to the huge fourth-quarter Apple’s iPhone saw, regulatory filings with the Taiwan Stock Exchange revealed on Monday. Read More