Foxconn, maker of the Apple iPhone, is taking the unusual step of switching part of its production to making surgical masks. The firm is also pushing to be allowed to reopen its regular production lines making electronics, which have been closed due to the coronavirus. The outbreak has seen demand for masks soar and caused […]
Apple has responded to a report by a campaign group which criticised working conditions at a factory where iPhones are made. According to the report (pdf), Foxconn workers were not getting bonuses, were being made to do overtime and too many temporary workers were being hired. Under Chinese law, only 10% of a workforce […]
Foxconn says it has agreed to acquire Belkin International for $866 million in cash. Foxconn, a unit of Hon Hai Precision, is well known as the manufacture of iPhones for Apple. Belkin is a consumer electronics company that designs and sells accessories and other products. Belkin owns the Linksys, Wemo, and Phyn brands. Foxconn will use […]
Nintendo has struggle to keep up with demand for the Switch. Now we have reports that, Nintendo has increased production of the hybrid console to two million units per month. According to DigiTimes, the Switch is currently manufactured by Foxconn and Hosiden, with Foxconn handling more than 50 percent of production. Nintendo has apparently managed to […]
Foxconn said it will build a manufacturing facility in Wisconsin, where it will make LCD panels and employ up to 3,000 people. The company previously announced it might invest up to $10 billion in the U.S. Today’s news, shared by the White House, demonstrates Foxconn was serious about the investment. The facility will be approximately […]
Qualcomm is targeting companies that manufacture Apple products in an attempt to recover royalty payments. Qualcomm has sued Foxconn, Pegatron, Wistron, and Compal Electronics for patent fees since Apple is not paying them. Apple is withholding about $1 billion in royalties from Qualcomm after it sued the company in January for overcharging for patents and […]
HMD Global this week announced the Nokia 6, the first smartphone to fall under the company’s plan to resurrect the Nokia brand. HMD Global is a Finland-based business with the sole license to design smartphones using the Nokia brand. Foxconn isthe exclusive manufacturer forHMD Global . The Nokia 6 is milled from a single block […]
Nokia and Microsoft today put in motion a series of deals that may eventually lead to Nokia-branded handsets returning to the market. Microsoft has agreed to sell its feature phone business to FIH Mobile Limited, a subsidiary of Foxconn, for about $350 million. The deal will include the transfer of select assets, such as manufacturing […]
Money-losing Sharp, recently taken over by Apple manufacturing partner Foxconn, is seeing a management shakeup as a result of it’s roughly $2.37 billion loss in 2015. The company’s troubles began in 2012 when it invested heavily in larger displays for HDTVs over improvements in screen technology. Sharp’s current CEO, Kozo Takahashi, will be replaced by […]
Foxconn has agreed to acquire a 66% stake in Sharp for $3.5 billion, said the companies today. The sale price is considerably less than the $5 billion Foxconn offered earlier in the month. Foxconn is a Chinese company known mostly for building Apple products. Sharp, based in Japan, chiefly makes displays. It has suffered from […]
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