assembler

Luxshare is deepening its ties with Apple. According to Nikkei Asia, the Chinese manufacturer is set to become the world’s second-largest iPhone assembler after taking over the majority of business from Pegatron’s plant in Kunshan (China).With that, Luxshare is only behind Foxconn, although the Chinese company is really betting on Apple, as it’s also the sole manufacturer of Apple Vision Pro, Apple’s upcoming spatial computer, set to be released in early 2024.According to Nikkei, Pegatron announced that Luxshare…

Apple supplier Foxconn reported on Monday a 1 percent drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics. The Taiwanese company, the world's largest contract electronics maker, said net profit for the April-June quarter slipped to TWD 33 billion (roughly Rs. 8,578 crore) from a revised TWD 33.29 billion (roughly Rs. 8,654 crore) in the same period the previous year.It was better than an average forecast of TWD 25.57 billion (roughly Rs. 6,648 crore) profit from 13…

Foxconn is in talks with Taiwan Semiconductor Manufacturing Company (TSMC) and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India, the Economic Times reported on Friday.Meanwhile, the Gujarat government is holding talks with Foxconn over a semiconductor plant, a top government official told Reuters, days after the Taiwanese giant broke off a joint-venture plan with Vedanta."We are in touch with multiple prospective investors, including Foxconn ... Gujarat is…

Foxconn is in talks with Taiwan Semiconductor Manufacturing Company (TSMC) and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India, the Economic Times reported on Friday.Meanwhile, the Gujarat government is holding talks with Foxconn over a semiconductor plant, a top government official told Reuters, days after the Taiwanese giant broke off a joint-venture plan with Vedanta."We are in touch with multiple prospective investors, including Foxconn ... Gujarat is…

Smartphone company Xiaomi has partnered with contract manufacturer Dixon Technologies (India) Ltd to make and…

Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler, said on Friday revenue in April fell 11.77 percent year-on-year due to weakness in smart consumer electronics, and expected business to drop this quarter.Foxconn said revenue last month reached T$429.2 billion (roughly Rs. 1,31,200 crore), in line with the company's own expectations.For smart consumer electronics products, which include smartphones and are the company's main business driver, revenue in April declined as it entered…

Taiwan's Foxconn has appointed Michael Chiang as the new boss for its iPhone assembly business after a tumultuous year in China, Bloomberg News reported on Tuesday, citing people familiar with the matter. Chiang replaces longtime leader Wang Charng-yang as head of the iPhone assembly division, the Bloomberg report said.Foxconn declined to comment. Apple did not immediately respond to a request for comment. Foxconn's plant in China's Zhengzhou city, the world's largest manufacturing facility of Apple's iPhones, was heavily…

Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, two government officials with knowledge of the matter said, pointing to a production adjustment as it faces disruptions in China.Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant, the world's largest iPhone factory, disturbing production and fuelling concerns over the impact of China's virus policy on global supply chains.The disruptions prompted Apple to lower its…

Apple supplier and iPhone assembler Foxconn plans to update its fourth-quarter outlook on Thursday, having warned this week of the impact of COVID-19 restrictions at a major plant in China's Zhengzhou.Foxconn's main Zhengzhou plant in central China, which employs about 200,000 people, has been rocked by discontent over stringent measures to curb the spread of COVID-19, with many workers fleeing the site.The lockdown ended on Wednesday, though Foxconn said it was maintaining "closed loop" operations, referring to a…

Foxconn’s main listed arm fell the most in three weeks. Foxconn Technology Group's main listed arm fell the most in three weeks, after the world's largest maker of iPhones said it may boost capacity at alternative sites to mitigate potential disruption at its main Covid-stricken plant in China. Foxconn, whose listed vehicle is Hon Hai Precision Industry Co., is grappling with mounting concern that a Covid flare-up at its main Zhengzhou plant could hurt production just as Apple Inc. gears up for the holiday season.…