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The Latest Breaking News from Young Liu

Foxconn has immense confidence in growth momentum due to AI, chairman says

Taiwan's Foxconn sees strong growth driven by AI demand. Chairman Young Liu is optimistic about the second half of the year. Cloud providers' massive AI investments are fueling this confidence. Foxconn, a key supplier for Nvidia and Apple, reported a profit rise. The company expects its capital expenditure to grow…

The Economic Times

'A lifelong advocate for cycling culture' – Giant founder King Liu dies at age of 93

'He led the company onto the global stage and helped the world recognise the strength and capability of Taiwan’s bicycle industry' says world's largest bicycle manufacturer

Cycling News

Nvidia-Supplier Foxconn Reportedly Bets Big On AI With Up To $3 Billion Annual Spend As Chairman Warns Of Shakeout In Brutal Chinese EV Market

Nvidia Corp (NASDAQ:NVDA) supplier Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF), is reportedly shifting its financial firepower toward artificial intelligence.

Benzinga

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Nvidia Supplier Foxconn Announces First-Ever Deployment Of Humanoid Robots For AI Server Production

Foxconn Technology Group, owned by Hon Hai Precision Industry (OTC:HNHPF) is reportedly set to deploy humanoid robots for the production of AI servers in Texas amid its aggressive expansion push in the U.S.

Benzinga

Foxconn Will Build EVs for Two Unnamed Japanese Automakers: Report

Foxconn is apparently on the verge of designing and manufacturing electric vehicles for two unspecified Japanese companies. The Taiwanese electronics maker has expressed interest in cooperating with Nissan, but Foxconn chairman Young Liu did not mention which companies are being considered.

Motor1

Tech giants call Trump tariffs 'big headache' — Foxconn CEO teases increased production in US

Foxconn CEO Young Liu claims major tech partners consider navigating Trump's tariff plays a "big headache" in an earnings call this week.

Tom’s Hardware

Taiwan Tech Giant Foxconn's 2024 Profit Misses Forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

International Business Times

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Will Renault sell its stake in Nissan?

In the automotive sector, there is talk of a possible new alliance. After saying goodbye to Honda, Foxconn has not ruled out buying Renault's 36% stake in Nissan. However, the company, which is the world's largest producer of electrical and electronic components for OEMs, has made it clear that its…

Motor1

Foxconn Wants to Work With Nissan, Not Acquire It

We should know more about the state of the Honda-Nissan merger by tomorrow when the two companies announce their quarterly earnings. Reports of the deal’s demise surfaced last week, again putting Nissan’s future in question. However, Foxconn could serve as the potential lifeline the company needs, except the Taiwanese electronics…

Motor1

iPhone manufacturer Foxconn confirms it would seek to buy Renault’s stake in Nissan if up for grabs

With Renault’s alliance with Nissan on the rocks, Foxconn could scoop up its 15% interest as part of a plan by the Taiwanese contract manufacturer to expand into the EV market.

Fortune

Bonnie Tu, the most powerful woman in bicycling, retires after more than 30 years in the industry

'Her unwavering passion transformed the cycling industry and empowered countless women to chase their dream,' says Liv in tribute

Cycling Weekly

Foxconn is moving past the iPhone with a Mexico megafactory helping to make Nvidia chips

But analysts say its EV business could still be a better bet for the future.

Fortune

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

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".

International Business Times

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The Times of India

iPhone maker Foxconn aims to double India investment, employment

Apple Inc partner Foxconn Technology Group plans to double its investment and employment in India, highlighting an accelerating manufacturing shift away from China as Washington-Beijing tensions grow.

The Times of India

'Committed to set up manufacturing facility in Telangana,' says Foxconn

NEW DELHI: Apple Inc partner Foxconn Technology Group says it is committed to setting up manufacturing facility in Telangana, Hyderabad, the company said.

The Times of India

Apple partner Foxconn plans $700 million India plant in shift from China

NEW DELHI: Apple Inc partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

InsideEVs

Apple iPhone Maker Foxconn Would Like To Build EVs For Tesla: CEO

Foxconn claims that it can cut the design time of a car in half and reduce development costs by a third for automakers wanting to use its services.

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The Hindu

Foxconn seeks competitive incentive proposal from State govt.

Foxconn Chairman Young Liu says he wishes to meet Tamil Nadu Chief Minister M.K. Stalin on setting up a EV manufacturing plant

The Hindu

Tamil Nadu makes EV pitch to Foxconn

Government officials meet chairman Young Liu and offer help in expansion

Benzinga

Key Apple Supplier Foxconn's Chief Meets India's PM Modi: EV Manufacturing Finds Mention

Hon Hai Precision Ltd. (OTC: HNHPF) Chairman Young Liu met the Indian Prime Minister Narendra Modi on Thursday as Apple Inc's (NASDAQ: AAPL) oldest and largest supplier continues

The Hindu

KTR showcases Telangana to Foxconn

Minister meets chairman Young Liu, invites firm to explore State for investment

The Times of India

Welcome Foxconn's plans for expanding electronics manufacturing capacity in India: PM Modi

NEW DELHI: Prime Minister Narendra Modi met Foxconn chairman Young Liu on Thursday and said he welcomes the company's plans for expanding its electronics manufacturing capacity in India.

InsideEVs

Foxconn: Lordstown Electric Pickups To Start Shipping In H2 2022

Foxconn chairman Young Liu tells Nikkei Asia that electric pickups made in cooperation with Lordstown Motors will begin shipping in the second half of 2022.

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