Page 11 - Foxconn

Foxconn's profit beats estimates, sees sustained revenue weakness ahead

Foxconn reported a net profit of T$22.9 billion ($778.54 million) for the second quarter ended June. That was up 34% from a year earlier

Apple vendors, Samsung apply for PLI; govt plans Rs 11-trn worth production

The proposals by electronics manufacturers will create 300,000 direct and 900,000 indirect jobs, says Ravi Shankar Prasad

Samsung, Foxconn to take part in govt's PLI scheme for phone manufacturing

The scheme aims to make India a manufacturing and export hub for mobile phones

Apple starts manufacturing flagship iPhone 11 model at Chennai plant

Sources said this could be the beginning of a new era for Apple, which is preparing to begin manufacturing its newly launched iPhone SE (2nd Generation) of handsets in India

Make in India: Apple starts making iphone 11 in Foxconn's Chennai plant

There is no clarity on price cuts but manufacturing in India saves Apple 22% on duties

iPhone maker Foxconn says customs clearing procedures in India resolved

Foxconn's customs clearance for cargo logistics in India has been resolved and all local regulatory procedures have been complied with, Foxconn said in a filing to Taipei stock exchange

US firms look for stable policy to make India hub: USISPF's Mukesh Aghi

While the forum is advocating India not just as a preferred market but also as an export hub, many member firms have raised concerns about sudden policy changes impacting inbound global investments.

iPhone maker Foxconn eyes further India investment, sees bright outlook

Foxconn already makes smartphones in India for Apple Inc and Xiaomi Corp, though in March said it suspended production due to the novel coronavirus outbreak

Top 10 biz headlines: Make in India boost, fall in air traffic & more

Here are the top ten headlines on Thursday morning

Make in India boost: Samsung, Foxconn, Lava likely to apply for PLI scheme

The government will offer the scheme to five global and domestic entities.

Scheme for phone makers finds no takers amid coronavirus lockdown

Despite the government recently announcing two ambitious schemes for the sector to attract new investment, none of the companies is planning to avail them any time soon.

Apple supplier Foxconn's profit down 24% in fourth quarter of 2019

Foxconn reported its biggest monthly drop in revenue in about seven years in February as the outbreak continued to play havoc with its business

Apple supplier Foxconn's revenue hammered by coronavirus outbreak

TAIPEI (Reuters) - Apple's manufacturing partner Foxconn <2317.TW> reported its biggest monthly drop in revenue in about seven years on Thursday as the coronavirus outbreak continued to play havoc with its business.

Foxconn says China factories operating at 50% over coronavirus outbreak

Also known by its official name Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and makes Apple's iPhones as well as gadgets for other international brands

Apple supplier Foxconn to resume normal production in China end of March

Businesses have been hit hard as governments slapped travel curbs to contain the outbreak, upending supply chains and eroding demand

Coronavirus outbreak: Foxconn, General Motors to restart production

Here's a look at the widespread impact of coronavirus outbreak

China blocks Foxconn plan to restart ops over coronavirus worries: Report

Public health experts carried out inspections at Foxconn's factories in the southern city of Shenzhen and told the company that its factories had a "high risk of coronavirus infection"

Foxconn posts 23% Q3 profit rise, forecasts marginal core business growth

Foxconn hopes to boost its gross profit to more than 10% in 3-5 years from 6-7% now, citing a "transformation" plan which includes investment in areas including making parts for electronic vehicles

Alibaba-backed EV firm XPeng raises $400 mn from Xiaomi, others for growth

The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector

Apple starts selling iPhone XR assembled in Foxconn's Chennai unit

The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations