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The Latest Breaking News from Foxconn

1 in 7 iPhones are now assembled in India as Apple continues to reduce its reliance on China

Buying a new iPhone means that there is a 1-in-7 chance that it will have been assembled in India these days, not China.

iMore

Budget-friendly AirPods, enhanced AirPods Max expected in fall 2024

Apple is expected to unveil new, more cost-effective AirPods. Read further on Dynamite News:

Dynamite News

Make AI servers in Mexico, US tech firms tell Taiwanese manufacturers

US tech giants are keen for their Taiwanese manufacturing partners to set up in Mexico. The idea has proven attractive to giants like Foxconn and others, says the report, and geopolitics aside, it looks like a savvy move to have manufacturing that much closer and to benefit from the attractive…

Tom’s Hardware

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Foxconn Shares Soar 9.5% On Q4 Profit Beat

Foxconn's Q4 financial results exceed expectations, leading to a 9.5% surge in shares, showcasing strong investor confidence.

Top News

Foxconn Optimistic For 2024 Due To AI Server Demand

Foxconn expects a successful 2024 with increased demand for AI servers, showcasing readiness for technological advancements.

Top News

Foxconn Logs Second Straight Quarter Of Profits As AI Demand Surges

Taiwanese tech giant Foxconn on Thursday reported a second straight quarter of profit growth, with the Apple supplier boosted by demand for AI hardware and infrastructure.

International Business Times

Foxconn Reports 33% Rise In Fourth-quarter Net Profit

Taiwanese tech giant Foxconn on Thursday reported a 33 percent jump in net profit during the final three months of 2023, marking the second straight quarter of growth for the Apple supplier.

International Business Times

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EV startup reaches the end of the road in bankruptcy case

Lordstown Motors contends with bankruptcy and securities regulators.

The Street

Foxconn Founder Terry Gou Resurfaces In High-Profile Appearance

Foxconn founder Terry Gou's appearance at a tech forum sparks interest and speculation in the industry.

Top News

Foxconn Forecasts Improving Future in 2024, Flags AI Chip Shortage

Foxconn, a major technology manufacturer, expects a slightly better 2024 but warns of a potential shortage in AI chips that could impact the industry.

Top News

A key part of Foxconn has been hit by the Lockbit ransomware

Foxsemicon has had its websites defaced by crooks claiming to have stolen 5TB of sensitive data.

TechRadar

Taiwan's election is shaped by economic realities, not just Beijing's threats to use force

Beijing's threat to use force to claim the self-governed island of Taiwan isn't just about missiles and warships

The Independent UK

High Tech Glove Stymies Parkinson's Disease Tremors

Roberta Wilson-Garrett looked at the glove keeping her right hand steady and smiled.

International Business Times

Nvidia is trying to figure out its approach to China

On Monday, Nvidia announced new partnerships with four Chinese EV makers on automated driving.

Fortune

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The Street

Apple lower on Foxconn outlook as Microsoft nears market-cap takeover

Apple has shed more than $165 billion in cap so far this week, putting Microsoft within striking distance of overtaking it as the world's most valuable stock.

The Street

Apple slumps on Barclays downgrade as Wall Street grows cautious on tech giant

Despite a recent record price and a 54% 2023 surge, analysts are starting to question the near $3 trillion market value of the world's biggest tech company.

The Hindu

Telangana CM Revanth holds meeting with Foxconn representatives

Chief Minister A. Revanth Reddy assures Foxconn of friendly policies & cooperation for industrial development in Telangana.

Al Jazeera

How Beijing is changing the way it involves itself in Taiwan’s election

Beijing is running a multi-pronged campaign to try and keep the ruling DPP from re-election in Taiwan.

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International Business Times

Corning To Open Gorilla Glass Facility In India As Apple Expands Manufacturing Footprint

The New York-headquartered glass maker will work with its Indian partner Optiemus Infracom to set up the facility, expected to be built on a 25-acre plot. It will reportedly employ around 300 people.

Kiplinger

Stock Market Today: Stocks Struggle, Apple Reclaims $3 Trillion Market Cap Mark

Apple quietly reclaimed the $3 trillion market cap level Tuesday amid a choppy day for the main indexes.

Investors Business Daily

Apple, IBD Stock of the Day, Breaks Out As Key Supplier Raises Outlook

AAPL is the IBD Stock of the Day, as Apple stock is breaking out after a key supplier raised its sales outlook.

The Street

Apple hits 4-month high as iPhone assembler Foxconn boosts sales outlook

Apple's key supply chain partner just boosted its sales outlook, suggesting solid demand for iPhones, tablets and PCs over the holiday season.

Barchart

As Fisker Stock Drops to Record Lows, Should You Buy or Sell?

EV stock Fisker has lost more than 60% of its value in the last month alone, and is now trading near record lows. Is the stock a buy or a sell at current prices?

Barchart

How High Can Nvidia Stock Rise in the 'Second Wave' of AI?

Chip designer Nvidia has reaped the benefits of the first artificial intelligence wave of 2023, rising an incredible 228% so far. With the second wave of AI underway, and following strong Q3 results, Wall Street sees the stock soaring higher.

International Business Times

Taiwan's Foxconn Plans To Invest $1.54 Bn More In India

The company said in a filing to Taiwan Stock Exchange late Monday that its Indian subsidiary plans to spend around $128 billion rupees on "engaging others to build on owned land" for "operational needs".

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