foxconn

Food poisoning at a factory in India that manufactures Apple Inc’s (NASDAQ: AAPL) iPhones reportedly led to protests and subsequent detention of 70 women and 22 men. What Happened: Over the week, an outbreak of “acute diarrhoeal disease” among employees of an iPhone factory...

A highly anticipated electric SUV was unveiled to the media and public Wednesday. Here are the details of the Fisker Ocean from Fisker Inc (NYSE: FSR). What Happened: Fisker unveiled the Fisker Ocean electric SUV during the media day of the 2021 Los Angeles Auto Show Wednesday. The vehicle comes...

A leading artificial intelligence company announced a SPAC merger to go public. The SPAC Deal: SoundHound announced a SPAC merger with Archimedes Tech SPAC Partners Co (NASDAQ: ATSPT) valuing the company at a pro-forma enterprise value of $2.1 billion. A PIPE of $111 million includes investments by...

Automotive company Lordstown Motors (NASDAQ: RIDE) reported its third-quarter financial results after close Thursday and provided a company update on its timeline. What Happened: Lordstown reported a net loss of $95.8 million in the third quarter and no revenue. The company ended the quarter...

Key Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF) and an Indonesian government agency last week held discussions related to a possible electric vehicle investment in the country, Nikkei Asia reported on Sunday. What Happened: The Taiwan-based Apple supplier,...

Heading into a new trading week, here is a quick roundup of the top five stories from the technology, corporate and cryptocurrency sectors that investors would not want to miss out on from the weekend. 1. Elon Musk Worth More Than Two Fellow Billionaires Combined: Tesla Inc. (NASDAQ: TSLA) CEO Elon...

Key Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF) on Sunday launched three new electric vehicles at its annual tech day. What Happened: The three new electric vehicle models include a sports utility vehicle named Model C, a Model E sedan and a Model T bus.  ...

Key Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd’s (OTC: HNHPF) soon-to-be-unveiled electric car has been seen while being shipped out, Electrek reported on Monday. What Happened: The Taiwan-based supplier, better known as Foxconn, which is expected to begin...

Key Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd. (OTC: HNHPF) is in discussion with pre-production electric vehicle startup Lordstown Motors (NASDAQ: RIDE) to buy its Ohio assembly plant and build electric vehicles there for its partner Fisker Inc (NYSE: FSR),...

One of the most talked-about electric vehicle companies in 2021 has been Lordstown Motors Corp (NASDAQ: RIDE). The company has plans to bring an electric pickup truck, the Endurance, to the market but has faced several setbacks. Lordstown and its shareholders may have found a lifeline Thursday...

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares offer the potential for about 15% upside from current levels, according to an analyst at Piper Sandler. The AMD Analysts: Analyst Harsh Kumar reiterated an Overweight rating on AMD shares and increased the price target from $110 to $120. The...

A leader in electric two-wheeled hardware and battery swap solutions is going public via a SPAC merger announced Thursday. The SPAC Deal: Gogoro Inc announced a SPAC merger with Poema Global Holdings Corp (NASDAQ: PPGH). The deal values Gogoro at an enterprise value of $2.35 billion. A PIPE on the...

Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), better known as Foxconn, said Thursday it plans to begin mass production electric vehicles in the United States and Thailand, Nikkei Asia reported. What Happened: Foxconn Chair Young Liu reportedly said at the company’s April-June quarter...

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd (OTC: HNHAF), also known as Foxconn, said Thursday that it was buying a semiconductors plant from Macronix International in a deal worth $91 billion. What Happened: The two Taiwan-based companies signed an Asset Transaction...

A pre-production lithium battery supplier with key automotive investors announced a SPAC merger Tuesday. The SPAC Deal: SES is merging with Ivanhoe Capital Acquisition Corp (NYSE: IVAN) in a deal valuing the company at a pro forma equity value of $3.6 billion. The SPAC merger will create the first...