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The Latest Breaking News from Foxconn

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

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

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

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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

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 Street

Telangana CM Revanth holds meeting with Foxconn representatives

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

The Hindu

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.

Al Jazeera

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.

International Business Times

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.

Kiplinger

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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.

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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".

Fortune

Taiwan's opposition spent an hour publicly arguing over who will run for president. They can't decide—and the deadline to register is in under 24 hours

Candidates for Taiwan's presidential election on Jan. 13 differ on a key question: How should the self-governing island deal with mainland China?

StockNews.com

NVIDIA (NVDA) Pre-Earnings Moves: A Chip Stock Opportunity?

In the dynamic world of semiconductor stocks, NVIDIA Corp (NVDA) has consistently stood out as a market leader. As the chip giant gears up to unveil its upcoming quarterly results, could it be a wise investment candidate for your portfolio? Let’s find out….

The Hindu

Dell, HP, Foxconn, among 27 firms granted approval under new IT hardware PLI scheme: Vaishnaw

The Government said 27 companies, including Dell, HP, and Foxconn, have been granted approval under the new production-linked incentive scheme for IT hardware.

Broadcasting & Cable

Sharp Debuts the First Roku-Powered OLED TVs

In nearly 10 years on the market, the Roku TV program has never featured a set using high-end 'organic light-emitting diode' display technology ... until now

Barchart

As the Stock Hits New Lows, How Long Can Lucid Motors Survive?

With Lucid Motors stock falling to one new low after the other, many investors now wonder whether the company can stay in business. However, Lucid might not go bankrupt - at least, not for the next couple of years.

InsideEVs

Fisker Has ‘2 Cars That Are Almost Ready,' Might Be Made By ‘Traditional’ Car Companies

The American startup is already building the Ocean SUV under contract in Austria, but things might not be set in stone for its next models.

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