foxconn

Apple Inc. (NASDAQ: AAPL) is looking to manufacture batteries for Apple Car in the U.S., MacRumors reported Monday, citing a report by DigiTimes. What Happened: Apple may work with Taiwanese battery makers rather than Chinese manufacturers for its long-awaited self-driving car, as per the report....

Apple Inc (NASDAQ: AAPL) supplier Foxconn reported a sharp year-over-year rise in second-quarter revenue despite two back-to-back months of decline as the pandemic induced demand for work-and-learn from home devices remains robust amid supply global semiconductor shortages. What Happened: Hon...

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co, Ltd (OTC: HNHPF), better known as Foxconn, is offering record-high cash rewards to workers ahead of the launch of iPhone 13, the South China Morning Post reported Tuesday. What Happened: The rewards are being dished out by the...

Apple Inc (NASDAQ: AAPL) supplier Foxconn reported a 9% fall in May revenue on a month-on-month basis and the slowest monthly sales growth in six months on a year-on-year basis.  What Happened:  The slowdown came as Taiwan, the island country where Foxconn is based, tackles a...

The iPhone assembler Hon Hai Precision Industry Co., Ltd. (OTC: HNHPF) is making a move that could serve it well amid a global semiconductor shortage. What Happened: Hon Hai, popularly known as Foxconn, is looking to take a minority stake in Malaysia-based Dagang NeXchange Bhd.,...

Last week featured eight announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals and headline news, all covered on Benzinga’s “SPACs Attack.” SPAC Deals Quantum encryption company Arqit Limited...

Fisker Inc (NYSE: FSR) revealed details of its partnership with Foxconn that was announced back in February. What Happened: Fisker and Foxconn signed a joint venture called Project PEAR (personal electric automotive revolution) that will bring an electric vehicle to market for under $30,000 to...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co. Ltd.’s (OTC: HNHPF) production of the iPhone 12 at a factory in India has slumped by more than half amid the second wave of coronavirus infections that has engulfed the South Asian nation, Reuters reported Monday, citing two...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co. Ltd. (OTC: HNHPF), better known as Foxconn, has slashed its planned investment in Wisconsin from $10 billion to $672 million. What Happened: Wisconsin Governor Tony Evers and Foxconn said they have reached a new deal, under which...

A chip supply shortage has become a material issue, with several automakers warning of production hits from the paucity of semiconductors. The problem is growing beyond carmakers and into the technology industry, according to Apple Inc.'s (NASDAQ: AAPL) Taiwanese supplier Hon Hai Precision...

Apple Inc(NASDAQ: AAPL) supplier Foxconn on Monday reported a 4% fall in quarterly profit as the Taiwanese contract electronics maker speeds up the shift towards electric vehicles, Bloomberg reported.  What Happened: Hon Hai Precision Industry Co’s (OTC: HNHPF), popularly known as...

The Apple Inc. (NASDAQ: AAPL) iPhone supplier Hon Hai Precision Industry Co., Ltd. (Pink: HNHPF), popularly known as Foxconn, has confirmed that it will begin to manufacture electric vehicles in North America by 2023, Nikkei reported, citing a press briefing by the company's Chairman...

One of the hottest sectors for investors in 2020 was SPACs. As the SPAC story continues in 2021, an important theme for investors and analysts to monitor is when recently merged SPACs report quarterly earnings. Some SPAC mergers involve pre-revenue companies, so it could be important to monitor...

Electric vehicles manufacturer Fisker Inc (NYSE: FSR) announced Wednesday a manufacturing deal with Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd. (OTC: HNHPF), which is popularly known as Foxconn. What Happened: California-based Fisker said it has signed a memorandum...