Articles about Foxconn

Japan fires shot warning off risky bidders for Toshiba's memory biz – report

+Comment Potential buyers of Toshiba’s memory business sale could be restricted by Japanese government national security concerns. According to Reuters Japan’s government is prepared to use foreign exchange and foreign trade laws to block bidders it sees as a threat to Japan’s national security. Toshiba is looking to sell a majority …
Chris Mellor, 13 Mar 2017
Indian mobile use

USA! USa! Udia! India! India! Apple nudges iPhone production base

Apple has agreed to open a new iPhone assembly factory in India. Officials in the nation say Apple will spin up factories in the Karnataka province. "We have an understanding with Apple and we expect them to start manufacturing in Karnataka by the end of April," information technology and biotechnology minister Priyank Kharge …
Shaun Nichols, 3 Feb 2017

'Pork Explosion' flaw splatters Foxconn's Android phones

Security researcher Jon Sawyer says a limited backdoor has been found in some Foxconn-manufactured Android phones, allowing attackers to root phones they have in hand. The backdoor is the result if a debugging function left over in Foxconn apps bootloader code which can be exploited by attackers wielding appropriate software …
Darren Pauli, 14 Oct 2016

Sharp's new CEO warns of job losses amid 'optimization'

The new CEO of Sharp Electronics has warned that there will be job losses at the consumer electronics company amid a broader restructure. Tai Jeng-wu now heads the company following the takeover by Foxconn for $3.8bn, which saw the giant take a 66 per cent ownership stake. The job losses have long been rumored, and Foxconn …
Kieren McCarthy, 22 Aug 2016

Foxconn to slurp loss-making Smart Technologies for $200m

Loss-making interactive display vendor Smart Technologies has agreed to sell up to Foxconn for $200m. Under the terms of the deal, the Chinese contract manufacturer will fork out $4.50 per Smart Tech share, equating to a 21 per cent premium on the average trading price in the last 90 days. The buy gives Smart access to a “ …
Paul Kunert, 27 May 2016
Nokia 1011

How Nokia is (and isn't) back in the phone business today

Analysis We have a new phone company today, and it’s European. And the badge says Nokia. So is Nokia back in the phone biz? Yes and no. It won’t spend a penny on either making or marketing phones - even at arm’s length. All that is going to be the job of a new entity, HMD Global Oy, run by present and past Nokians. From HMD we can …
Andrew Orlowski, 18 May 2016

Foxconn pays £2.5bn to swallow Sharp in cut-price takeover deal

Chinese iPhone assembler Foxconn is to swallow Japanese monitor biz Sharp for ¥389bn (£2.5bn) – around £625m less than it had previously been willing to cough up. Under the terms of the deal, Foxconn's daddy Hon Hai will gain a controlling stake of 66 per cent in Sharp. The takeover beat a proposal by the Japanese government …
Kat Hall, 30 Mar 2016

HPE's CloudLine gains some weight – blows up from 72TB to 640TB

Nonupled? Yes, nonupled: HPE has nonupled* the capacity of its Foxconn-made CloudLine server products with a 640TB CL5200, which has nine times greater capacity** than the 72TB CL2200. HPE is also updating its Altoline switches for service providers and has a Helion private cloud reference architecture for OpenStack Swift. …
Chris Mellor, 9 Mar 2016
management analysis3

Foxconn spikes six-billion-dollar Sharp scoff – for now

The $5.6bn takeover deal for Foxconn to buy Sharp is on hold after the ailing Japanese company passed new information to its potential buyers at the last minute. "Most of the contents of the material information Foxconn received on Wednesday morning, before Sharp's board meeting began on Thursday, had not been previously …
Iain Thomson, 26 Feb 2016
Huawei and Foxconn road sign

Foxconn to slurp Sharp for US$5.6 BEELLION

Foxconn's CEO Terry Gou says Sharp will be slurped into the Chinese manufacturer's maw by the end of February. According to Reuters, executives of the two companies have reached a consensus about the main details of the ¥659 (US$5.6 billion) deal. “We have a consensus”, he reportedly said. “The rest is a process … I don't see …
Team Register, 7 Feb 2016

Samsung told to build bots who work for less than Foxconn staffers

Samsung and South Korea are taking aim at electronics manufacturing costs with a new investment in robots it's hoped will make mechanical men cheaper to operate even in jobs that currently need flexible human fingers. South Korea's Ministry of Trade, Industry and Energy has found 6.75 billion won (US$14.8 million) for an …
Simon Sharwood, 19 Oct 2015
China

AliCloud and Foxconn join forces to train Chinese startup army

Alibaba's cloud division AliCloud has hopped into bed with with Apple manufacturer Foxconn, with the intention of creating a space to breed the next generation of companies to take over the world. The investment "incubator" is intended to nurture SME and "micro" businesses by giving them access to Alibaba's cloud computing …
Kat Hall, 15 Oct 2015

iMaker Hon Hai/Foxconn earnings stall as fanbois hold fire

Hon Hai/Foxconn's revenue slowed dramatically in the second quarter, as its iGadgets manufacturing reliance began to take its toll, with fanbois' showing thrift in anticipation of a new iPhone launch later this year. The Taiwanese manufacturer stated that Q2 net profits had risen 27 per cent from the preceding year, reports …

Foxconn to build Xiaomi phones in India

With the world of mobile phones fragmenting into local markets, both Taiwanese maker-of-everything Foxconn and China's rising dragon Xiaomi are keen to find a route into the Indian market. Earlier this week, El Reg reported that Foxconn will spend $5bn (£3.2bn) on new factories in India. It's now emerged that the company will …
Simon Rockman, 12 Aug 2015
india

Foxconn to build 1,500-acre, US$5billion complex in India

Foxconn and the Indian state of Maharashtra have announced a relationship that will see the contract manufacturing company spend up to US$5 billion on a colossal manufacturing complex. In a deal announced on Saturday by Maharashtra chief minister Devendra Fadnavis and Foxconn (known as Hon Hai in its Taiwan home ) founder and …
Simon Sharwood, 10 Aug 2015

Another death in Apple's 'Mordor' – its Foxconn Chinese assembly plant

A worker at Apple's iPhone manufacturing plant in Zhengzhou, visited by CEO Tim Cook just a few months ago, has been found dead, reigniting concerns over how the iGiant's Chinese outsourcer Foxconn treats its employees. Foxconn, dubbed Mordor by Apple engineers, said in a statement that it was cooperating with the authorities …

Foxconn to hire a million Indian staff in major base shift

Apple manufacturer Foxconn reckons it will create one million jobs in India by 2020 – nearly the entire number of its current Chinese workforce – according to reports. Hon Hai otherwise known in the West as Foxconn, last month revealed it was setting its sights on India due to increasing wage costs in China. The firm has not …
Kat Hall, 13 Jul 2015
happy_woman_at_desk

Foxconn's going to 'exploit' Indian labour? SCORE! Bye, poverty

Worstall on Wednesday El Reg serves us up the news that Foxconn is looking to India to set up production lines, presumably for the assembly of Apple's products. This is excellent news as it means that now Indian workers will get exploited and become rich, as those Chinese have in recent decades. And yes, it is indeed exploitation and yes they will …
Tim Worstall, 17 Jun 2015

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