Archives
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ALL DEALS 
September 3, 2017 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 […]
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NEWS 
August 18, 2017 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 […]
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NEWS 
August 4, 2017 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 […]
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ALL DEALS 
September 19, 2016 Hike Messenger Raises $175 Million in Funding From Tencent, Foxconn, Others
HIGHLIGHTS Hike Messenger announced funding of $175 million Hike Messenger is now valued at close to $1.4 billion The funding round was led by Tencent and Foxconn Hike Messenger, started as a joint venture between Bharti Enterprises and SoftBank, just announced its Series D funding round of $175 million (approximately Rs. 1,170 crores) at a […]
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ELECTRONICS 
August 13, 2016 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 […]
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ELECTRONICS 
August 13, 2016 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 […]
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ELECTRONICS 
August 5, 2016 Foxconn Hires Ex-Staff Of Nokia Chennai Plant For Andhra Pradesh Unit: Report
Foxconn was earlier a major supplier to Nokia’s plant. Chennai: Electronics equipment maker Foxconn India has re-employed over 2,000 workers of its two closed plants near here for its assembling unit at Sri City Special Economic Zone in Andhra Pradesh. The company has also hired most of around 3,000 staff at Nokia’s facility at Sriperumbudur […]
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NEWS 
June 24, 2016 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, […]
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ELECTRONICS 
June 24, 2016 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) […]
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ELECTRONICS 
April 8, 2016 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 […]
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NEWS 
March 19, 2016 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 […]
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ELECTRONICS 
February 25, 2016 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. […]
