Tag Archives: Foxconn

Dual Camera Maker Corephotonics Receives $15 Million Investment From Samsung, Foxconn, Others

Israeli firm Corephotonics, specialised in making dual camera setups for smartphones, has managed to raise a whopping $15 million in a funding round. The biggest investors in the company include Foxconn, Samsung, and MediaTek. The investment is significant as it indicates the importance being placed on dual camera setups, seen in such smartphones as the iPhone 7 Plus and the ... Read More »

Foxconn Manager Indicted for Stealing, Selling Thousands of iPhones for Nearly $1.56 Million

A former senior manager at Taiwan’s technology giant Foxconn has been indicted for stealing and selling 5,700 iPhones in China to pocket around $1.56 million (roughly Rs. 10.6 crores), Taiwanese prosecutors said Friday. Foxconn is the world’s largest contract electronics maker and assembles products for international brands such as Apple and Sony. It employs about one million workers at its ... Read More »

iPhone 8 Wireless Charging Tech Being Tested by Foxconn: Report

iPhone 8 rumours are cropping up steadily, and the latest one hints at a change many Apple fans will love. The 2017 upgrade is expected to support wireless charging, and now it is being reported that manufacturer Foxconn has already started building the required components to be embedded within the iPhone. Nikkei Asian Review reports that the wireless charging capabilities ... Read More »

Foxconn Will Consider Reviving Chennai Plants, Says Tamil Nadu

Taiwan-based electronic equipment manufacturer Foxconn has said it would consider reviving its Chennai units following a request made by Tamil Nadu Government, Industries Minister M C Sampath said Tuesday. A team of state industries department officials recently visited the headquarters of Foxconn in Taiwan and made a request to the management to revive its Chennai plant, saying government would extend ... Read More »

Microsoft to promote feature telephone division to Foxconn for $350 Million

Microsoft on Wednesday announced it’s far promoting its function telephone assets to FIH cellular, a subsidiary of Hon Hai Precision it really is better referred to as Foxconn, and HMD worldwide. The deal, really worth $350 million (more or less Rs. 2,343 crores), will see the switch of Microsoft mobile Vietnam manufacturing facility to Foxconn, along more or less 4,500 ... Read More »

Foxconn Seals $3.5 Billion Takeover of Sharp as Execs Seek to Shake Off Doubts

Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes. At a packed news conference following the signing of the $3.5 billion deal, Foxconn CEO Terry Gou ducked questions about ... Read More »

Foxconn CEO to Meet With Sharp Executives on Friday

Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan’s Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm’s takeover bid over a rival offer from a Japanese state-backed fund. Shares in Osaka-based Sharp soared 10 percent in early morning trade, bringing two-day gains ... Read More »