Supplier

Major apparel supplier VF Corp followed up on its December cyberattack disclosure, with its latest Securities and Exchange Commission form admitting to a data breach impacting up to 35.5 million customers. That means if you've purchased from its major brands like Vans, North Face, Timberland, Dickies and more, you may have been impacted. But VF Corp still insists that the incident won't hurt its financial performance.Initially, VF Corp warned customers that the cyberattack it experienced in December could have an impact…

Yanfeng, a key GM, Jeep, and Ram auto supplier, unveiled its Electric Vehicle Interior (EVI) concept at CES 2024 on Monday. The interior is a vision that eliminates the traditional instrument panel and, instead, integrates most features into a Smart Cabin seat. As buyer preference continues shifting to EVs, one thing is becoming evident – they want added tech and features. Yanfeng, a top auto supplier, looks to take advantage of the transition. The company specializes in interior, seating,…

Apple's iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023.Patrick T. Fallon | AFP | Getty ImagesApple supplier and lead iPhone assembler Foxconn on Friday reported a revenue drop for the final quarter of 2023 and said it expects a year-over-year decline in sales for its first quarter of 2024.Foxconn revenue for the last three months of the year totaled NT $1.85 trillion ($59.7 billion), a 5.4% dip from the year-ago period. Foxconn attributed the…

Hon Hai Precision Industry warned of its fourth consecutive decline in quarterly sales after a 5.4 percent slide in the last three months of 2023 suggested consumer electronics demand remains muted.The Taiwanese firm, also known as Foxconn, reported a steep 27 percent drop in December sales to NT$460.1 billion ($14.8 billion, or roughly Rs. 1,23,073 crore), concluding a NT$1.85 trillion quarter. It now sees sales falling in the current period as well, adding to concern about the latest iPhone generation's momentum heading…

The new silicon-carbon uses silicon electrodes in lithium-ion batteries. The new batteries are reported to offer 10 per cent more capacity than conventional graphite anode batteries, and can be made much slimmer than conventional batteries…

Hyundai Mobis, Hyundai’s largest supplier, will unveil its latest EV tech at CES next month. The leading global supplier is teasing its first transparent display screen using holographic tech. It will also introduce its future mobility vehicle for the first time. South Korea’s Hyundai Mobis is the sixth-largest auto supplier globally and the largest for the Hyundai Motor Group (including Kia). Hyundai Mobis is accelerating its transition as EV demand continues climbing. The company introduced…

VF Corporation reported in a Securities and Exchange Commission filing on Monday that it had been hit by a cyberattack. The company owns a slew of apparel brands, including Vans, North Face, Timberland, Dickies and more — and it warns the disruption could affect your holiday shopping.VF first noticed "unauthorized occurrences" on its IT systems on December 13, it said in a statement to Engadget. While it began to mitigate the damage, VF found that the hackers had encrypted some of its IT systems and stole personal data.…

A Durango-based electric cooperative that has vocally criticized the practices of Tri-State Generation and Transmission has filed a lawsuit accusing the utility of being “sneaky and underhanded.” The La Plata Electric Association is seeking to end its contract with the power supplier or be compensated for damages it says it has suffered. The lawsuit accuses Tri-State, a wholesale power provider, of breach of contract. The electric cooperative is among Colorado rural electric associations that have explored leaving…

Image Source : FILE Representational Image Apple is changing its approach by getting batteries for the upcoming iPhone 16 from India instead of China. This move is part of Apple's plan to diversify where it makes its products. There's even talk that the iPhone 17 might be put together in India, which is a big shift from Apple usually relying on China for this. Here are…

Toyota is securing substantial funding as it looks to catch up in the EV race. Sources close to the matter say Toyota and its affiliates will sell a stake of around $4.7B in Denso, the second-largest global auto supplier. Toyota plans to sell around 10% (roughly $4.7 billion) of its stake in the supplier by the end of the year. The move comes as Toyota looks to accelerate next-gen EV tech development. The sources told Reuters Toyota Motor’s portion will be about half of the 10% while Toyota…