• ALL DEALS
    Foxconn Plans US Display Plant for Over $10 Billion, Scouting for Location

    HIGHLIGHTS Foxconn is currently considering Wisconsin, Ohio, and others The company plans to invest more than $10 billion in a plant in the US Foxconn already has operations in Pennsylvania Foxconn, the world’s largest contract electronics maker and a major Apple supplier, plans to invest more than $10 billion (roughly Rs. 64,588 crores) in a display-making factory […]

  • NEWS
    Foxconn Display Panel Factory in the US Takes One Step Closer to Reality

    HIGHLIGHTS The Wisconsin Assembly approved a $3 billion tax break for Foxconn Foxconn announced earlier it planned to invest $10 billion in Wisconsin It could eventually hire 13,000 workers at the Wisconsin facility The Wisconsin Assembly approved a $3 billion tax break Thursday with bipartisan support for Taiwan-based Foxconn Technology Group to build a massive display panel […]

  • NEWS
    Foxconn Announces Plans to Build $10-Billion LCD Manufacturing Plant in the US

    HIGHLIGHTS Foxconn on Wednesday announced plans to build a $10 billion plant in US Donald Trump claimed that it would not have happened without his efforts The new $10-billion plant will eventually employ up to 13,000 people Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion (roughly Rs. 64,111 crores) LCD […]

  • ELECTRONICS
    Foxconn Finally Seals Sharp Takeover Deal for $3.5 Billion

    Taiwan’s tech giant Hon Hai said Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a “historic” deal worth JPY 389 billion ($3.5 billion or roughly Rs. 23,222 crores). It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying […]

  • ELECTRONICS
    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows

    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows Taiwan’s tech giant Hon Hai said net profit dipped in the fourth quarter, hit by a slowdown in demand for smartphones as key customer Apple warns waning sales of its iPhone. Net income in October-December fell 6.67 percent to TWD 52.9 billion ($1.6 billion or […]

  • NEWS
    Foxconn ultimately Seals Sharp Takeover Deal for $three.5 Billion

    Taiwan’s tech massive Hon Hai said Wednesday it had in the end sealed a takeover of eastern electronics maker Sharp in a “historic” deal worth JPY 389 billion ($3.five billion or kind of Rs. 23,222 crores). it’s miles the primary foreign acquisition of a prime eastern electronics firm and is derived after weeks of delays, […]

  • ELECTRONICS
    Foxconn Sees this autumn net profit Dip as cellphone demand Slows

    Taiwan’s tech large Hon Hai stated internet earnings dipped inside the fourth area, hit by means of a slowdown in call for for smartphones as key customer Apple warns waning income of its iPhone. net income in October-December fell 6.sixty seven percent to TWD fifty two.9 billion ($1.6 billion or kind of Rs. 10,594 crores) […]

  • ELECTRONICS
    Foxconn Lowering Offer for Japan’s Sharp: Report

    Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of JPY 489 billion ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook, according to […]

  • NEWS
    Foxconn CEO Says Agreed With Sharp on Most Points of a Takeover Deal

    Taiwan’s Foxconn is aiming to finalise a deal to acquire Japan’s Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn Chief Executive Officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co, has been given preferred negotiating rights and most remaining issues […]

  • ELECTRONICS
    Why would Foxconn buy Sharp? It’s all about the iPhone

    Japanese electronics maker Sharp has accepted a bid from Taiwan’s Foxconn Technology Group for it to buy a majority stake in company for ¥489 billion ($4.4 billion), the Japanese firm announced today (Feb. 25). Shortly thereafter, however, Foxconn put the deal on hold “after receiving new material information from Sharp,” it said in a statement. […]