How a tiny company is a serious threat to dominance

Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare, which it believes poses a serious threat to its dominance.

Trump’s key project came to nothing

A key Foxconn project which Donald Trump claimed credit for has turned out to be complete fiction, according to a report from Wisconsin's Division of Executive Budget and Finance.

Will make ten percent of the world's electric parts

Foxconn has said it will provide components or services to ten percent of the world's electric vehicles (EVs) by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperation.

Between Trump and coronavirus we need to protect the supply chain

Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico.

Need TSMC and Foxconn to get on board.

The fruity cargo cult known as Apple claims that it will be carbon neutral in ten years, but apparently that positive statement is dependent on its suppliers.

Profit up 34 percent

Foxconn reported a better than expected quarterly profit as rising telecommuting demand amid the coronavirus pandemic offset slowing smartphone sales.

Sees bright outlook there

Foxconn is planning further investment in India and may announce details in the next few months as the world’s largest contract manufacturer views the outlook there very favourably.

Working with US outfit Medtronic

Taiwanese electronics manufacturer Foxconn will make ventilators with US firm Medtronic to help patients afflicted by the coronavirus outbreak.

Pandemic issues not included

Foxconn reported a 23.7 percent fall in profit in the last three months of 2019 and it is still bracing itself for the full impact from the coronavirus pandemic.

Down by 15 percent

Foxconn warned revenue would drop 15 percent in the first quarter, but promised that it would recover as production returns to normal in virus-hit China.