Items tagged with foxconn

Will the next generation iPhone sport an even fancier display than the OLED panels that are found on the iPhone XS and iPhone XS Max? It's a possibility. Apparently Foxconn, which assembles the bulk of Apple's iPhone products, is extending its investments into microLED technology through three of its subsidiaries, including Advanced Optoelectronic Technology (AOT), Epileds Technologies, and Marketech International. All three have developed and are currently ramping up capacities of parts related to the production of microLED chip, as well as production equipment. While a cursory glance at the name might suggest that microLED is a step backward from OLED, the opposite is actually true. Both technologies... Read more...
Foxconn is most known for building numerous devices for other major electronics companies such as Apple; in fact, Foxconn is tipped to be building the majority of the rumored new MacBook Air models. Belkin is known as one of the major sellers of accessories and docking stations that work with Apple devices and accessories for other brands of gadgets. Foxconn Interconnect Technology Limited (FIT) has announced that it intends to purchase Belkin for $866 million in cash, which the company says will create a global consumer electronics leader. "FIT is excited to acquire Belkin and its capabilities in the premium consumer products space," said Sidney Lu, CEO, FIT. "Integrating Belkin's best-in-class... Read more...
An image has leaked via Chinese website Baidu that shows what is allegedly a line art image of a coming Nokia smartphone. According to the leak, this smartphone has five cameras arrayed around the back of the smartphone. We can clearly see a series of smaller circles arrayed around the circumference of a larger circle in the leaked image. We would assume that the lone circle below the cameras is the fingerprint scanner, but there is no confirmation of that. Anyone who can count can see that there are seven smaller circles on the back of that smartphone. Since the leak tips five cameras, the other circles might be for laser element and LED flash. The source of the leak is claimed to be Foxconn,... Read more...
Foxconn has announced that it is making a massive investment into a new U.S. manufacturing facility. The gigantic factory will cover 20,000 square feet and is said to be a virtual village with the factory, housing, and services arrayed around a 1,000 acre parcel of land. The investment in the facility by Foxconn will cost $10 billion and will be constructed somewhere in Wisconsin. The construction of the facility is expected to be completed by 2020, and could employ as many as 13,000 workers. One source claims that when completed with other suppliers wanting to relocate closer to the new Foxconn factory, as many as 22,000 jobs could be created in the area. The factory will build LCDs with the... Read more...
Foxconn is attempting to acquire Toshiba's semiconductor business though it is not going at it alone. According to multiple reports, both Apple and Amazon have joined forces with Foxconn to grab a piece of the sale, with each company offering up an untold amount of financial backing to help push the deal through.It is also said that Taiwan's Foxconn, also known as Hon Hai Precision, has partnered with Sharp in its bid. Foxconn acquired Sharp last year in a deal worth in the neighborhood of $3.5 billion."Foxconn can confirm that we have submitted a bid for Toshiba's chip business with a number of strategic partners," the company told Reuters. It is not willing to discuss specifics of the deal,... Read more...
It looks as though President Donald Trump may be getting his wish when it comes to bringing manufacturing jobs back to the United States. It is being reported that Foxconn is looking to build a “highly automated” manufacturing facility in the U.S. that would produce display panels. It’s expected that investment in the facility will top $7 billion, and that long-time partner Apple will assist Foxconn in its funding, construction and operation. "Apple is willing to invest in the facility together because they need the [panels] as well," said Foxconn Chairman Terry Gou. The facility could have the capacity to sustain 30,000 to 50,000 jobs in the U.S., with Gou adding that such a move was “inevitable”... Read more...
Some people take “swiping” a little too seriously. A former senior manager at the Taiwanese corporation Foxconn has been indicted for stealing and selling 5,700 iPhones in China. It is estimated that the manager, identified by his family name Tsai, pocketed $50 million TWD ($1.56 million USD) during his escapades. Tsai worked in a testing department in Foxconn factory in the southern mainland Chinese city of Shenzhen. Tsai and his eight accomplices sold thousands of test iPhone 5/iPhone 5s smartphones to stores in Shenzhen between 2013 and 2014. These phones were initially supposed to be scrapped. Foxconn reported the missing phones after an internal audit last year. Tsai was questioned earlier... Read more...
Apple may be an American company, but the bulk of its products (save for the long-neglected Mac Pro, which is assembled in the United States) are manufactured in China. The relatively low cost of labor, coupled with premium pricing for devices like the iPhone, has allowed Apple to become one of the most profitable companies in the world. However, according to a new report from the Nikkei Asian Review, during the past year, Apple has at least explored the idea of manufacturing the iPhone in the United States. According to a source for the publication, “Apple asked both Foxconn and Pegatron, the two iPhone assembly plants, in June to look into making iPhones in the U.S. Foxconn complied, while... Read more...
At times it feels as though Apple can be stubbornly slow in adopting features that other smartphone makers have already implemented, one of which is wireless charging. Many hoped it would be included with the iPhone 7. It was not, though don't lose hope if you're an iPhone fan, there is chatter that wireless charging will be one of the feature upgrades on the iPhone 8.That tidbit comes from an industry source who is supposedly familiar with the matter. According to the unnamed source, Hon Hai Precision (parent firm of Foxconn) is producing wireless modules for what will be the 10th anniversary line of iPhone devices.Whether wireless charging actually comes to fruition on the iPhone 8 will ultimately... Read more...
Apple supplier Foxconn replaced 60,000 human workers with robot workers in Kunshan, Jiangsu, China. This makeover was motivated by both rising labor costs and the 2014 explosion in Kunshan that killed 146 people. Although Kunshan is one-seventh the size of neighboring Shanghai, it was the first mainland city in China to achieve $4,000 USD per capita income. Forbes rated Jiangsu as the Chinese county with the best economic performance seven years in a row. At the end of 2014, Kunshan had a population of 2.5 million people, two-thirds of whom were migrant workers. The 2014 explosion and overall reduced profits did some serious damage to the Kunshan economy. The explosion revealed the... Read more...
Foxconn, the Taiwanese company that builds most of Apple's iPhone devices and other mobile products, is said to have offered around 600 billion yen ($5.1 billion in U.S. currency) to take over Japanese electronics maker Sharp Corp., the latter of which has seen better days.Citing a person familiar with the talks, Bloomberg says the struggling electronics maker has until the end of January to respond to the offer. It's the latest attempt by Foxconn, otherwise known as Hon Hai Precision, to take controlling interest in Sharp, efforts of which date back several years.In 2012, Foxconn chairman Terry Gou bought a 38 percent stake in Sharp's display factory in Japan. At the same time, Foxconn presented... Read more...
Foxconn is one of the biggest manufacturers of Apple's iPhone handsets, along with electronic gadgets and gizmos from various other well known companies, and for now, all those devices still require a human element. However,  that might not always be the case as Foxconn dives deeper in robotics. What you may not realize is that Foxconn has been developing robotics technology for over a decade. The company's efforts have mostly flown under the radar, though it gained attention when its Japanese partner SoftBank trotted out a humanoid service robot called Pepper. That was in 2014. Foxconn's robots are, appropriately enough, called Foxbots. They don't resemble humans even though they're replacing... Read more...
Foxconn CEO Terry Gou spoke out at a shareholder’s meeting to set the record straight on comments made at the beginning of the year about robots. It turns out that the era of robot-powered factories isn’t quite as near as the head of Foxconn seemed to imply in February and he’s holding the media responsible for misquoting him. “It should be that in five years, the roots will take over 30 percent of the manpower,” Gou told shareholders this week. Reports earlier in the year indicted that Gou expected 70 percent of assembly line work around 2018, which would likely have had a huge impact on jobs for many of the million employees at Foxconn’s factories. Instead, it looks like Foxconn will be relying... Read more...
That was fast. Less than a week after Re/code broke so-called news out of China that Nokia was returning to the phone manufacturing fold via its patent licensing division Nokia Technologies, the Finland-based company has issued a statement via their website denying its intent to re-enter the cell phone space in which they for so long ruled. "Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false, and include comments incorrectly attributed to a Nokia Networks executive. Nokia reiterates it currently has no plans to manufacture or sell consumer handsets."   The Re/code... Read more...
1 2 3 4 5 Next ... Last