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Foxconn reports record second quarter revenue

Taiwan's Foxconn, the world's largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial intelligence products but cautioned about geopolitical and exchange rate headwinds.

Business • 07 Jul

Foxconn's businesses include manufacturing iPhones for Apple and artificial intelligence servers for Nvidia

Foxconn forecasts strong Q1 revenue after Q4 profit miss

Taiwan's Foxconn, the world's largest contract electronics maker, forecast strong revenue growth in the first quarter after reporting a surprise 13% drop in fourth-quarter profit.

Business • 14 Mar

Foxconn said revenues for the July-September period rose by 20% year-on-year to NT$1.9 trillion

Tech giant Foxconn posts $1.5 billion Q3 net profit

Taiwanese tech giant Foxconn has today reported a forecast-topping net profit for the third quarter and said it expected further strong growth in demand for artificial intelligence servers.

Business • 14 Nov 24

It was the firm's fourth consecutive quarterly profit rise.

Apple supplier Foxconn's second quarter profit rises 6%

Apple supplier Foxconn has reported a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted "strong growth momentum" from the technology boom.

Business • 14 Aug 24

Foxconn's shares have surged 52% so far this year, compared with a 13% jump for the broader market.

Apple supplier Foxconn sees growth in Q2

Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, said today it expected a rise in second quarter revenue after the previous quarter underperformed market expectations.

Business • 05 Apr 24

Foxconn said its net profit for third quarter rose to T$43.1 billion ($1.3 billion), beating market estimates for an 11% drop

Foxconn's Q3 profit up 11%, much better than forecasts

Apple supplier Foxconn has today reported a surprise 11% increase in third-quarter profit, boosted by strong demand for smartphones ahead of the year-end holiday shopping season in Western markets.

Business • 14 Nov 23

Foxconn employs hundreds of thousands of people in China and is a major investor there

Foxconn faces China tax probe amid Taiwan election

Foxconn, a major supplier of Apple's iPhones, is facing a tax probe in China, two sources close to Foxconn confirmed today.

Business • 23 Oct 23

Gou is the fourth person to throw his hat in the ring for the January election.

Foxconn founder announces run for Taiwan presidency

Terry Gou, the billionaire founder of major Apple supplier Foxconn, has announced a bid to be Taiwan's next president in 2024 elections, saying to wanted to ensure the island did not become "the next Ukraine".

Business • 28 Aug 23

The Taiwanese company is the world's largest contract electronics maker

Foxconn's Q2 profit slips 1%, better than forecasts

Apple supplier Foxconn has today reported a 1% drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics.

Business • 14 Aug 23

The car maker's main product is the Endurance electric pickup truck

Lordstown Motors files for bankruptcy, sues Foxconn

US electric truck manufacturer Lordstown Motors has today filed for bankruptcy protection and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan's Foxconn.

Business • 27 Jun 23

Growing unrest at a key Chinese plant has fanned worries of a bigger hit to the already constrained production of higher-end iPhone 14s

Apple shares slip as China factory unrest to hit phones

Shares of Apple fell about 2% today as growing unrest at a key Chinese plant fanned worries of a bigger hit to the already constrained production of higher-end iPhone 14 models.

Business • 28 Nov 22

Foxconn's facility had been under strict access control to prevent Covid-19

Foxconn's woes to take bigger toll on iPhone plant

Foxconn's flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of worker unrest this week, a source with direct knowledge of the matter said today.

Business • 25 Nov 22

Foxconn cautious on outlook as smartphone sales slow

Apple supplier Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.

Business • 10 Aug 22

Foxconn said its Shenzhen operations would be suspended until further notice due to an outbreak of Covid

Apple supplier Foxconn cuts output amid China's curbs

China's efforts to curb its largest Covid-19 outbreak in two years has forced Apple suppliers such as Foxconn to car makers Toyota and Volkswagen to suspend some operations, raising concerns over supply chain disruptions.

Business • 14 Mar 22

Foxconn, the world's largest contract electronics maker, today posted a 20% jump in third-quarter profit

Apple supplier Foxconn cautious on 2022 revenue outlook

Apple supplier Foxconn has today forecast that a global chip shortage would run into the second half of 2022 and its fourth-quarter revenue for electronics, including smartphones, would fall more than 15%.

Business • 12 Nov 21

Foxconn is the world's biggest contract electronics maker

Foxconn's Q1 profit surges past estimates

Taiwan's Foxconn said its first-quarter profit jumped 13-fold amid the work-from-home trend spurred by the Covid-19 pandemic that has stoked demand for devices like smartphones and laptops.

Business • 14 May 21

Under a deal with the state of Wisconsin, Foxconn will reduce its planned investment to $672m from $10 billion

Foxconn scales back $10 billion Wisconsin project

Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former US President Donald Trump once called "the eighth wonder of the world."

Business • 21 Apr 21

The Taiwanese firm counts technology giants such as Apple among its major clients

Apple supplier Foxconn's Q4 profit slips

Foxconn, the world's largest contract electronics maker, has today posted a lower fourth-quarter profit that lagged expectations despite strong iPhone 12 sales and pandemic-led demand for telecommuting devices.

Business • 30 Mar 21

Apple has warned that iPhone supplies worldwide would be impacted by the coronavirus epidemic

Apple to miss revenue forecast as supplies hit by virus

Apple is to miss its revenue forecast for the March quarter due to the coronavirus epidemic, the US tech giant said last night.

Business • 18 Feb 20

China's economy tries to return to normal tomorrow after the coronavirus outbreak forced authorities to extend the week-long Lunar New Year holiday by 10 days

Shenzhen denies blocking Foxconn from resuming work

Local Chinese authorities have not blocked Apple supplier Foxconn from resuming production amid a coronavirus outbreak, they said in a statement today, denying an earlier report in the Nikkei Business Daily.

Business • 09 Feb 20

Foxconn manufactures a range of smartphones and other devices, including Apple's iPhone

Foxconn faces 'big' production issues over coronavirus

Foxconn could see a "big" production impact and shipments to customers including Apple face disruption if a Chinese factory halt due to the coronavirus outbreak extends into a second week, a person with direct knowledge of the matter has said.

Business • 03 Feb 20

The world's largest contract electronics manufacturer said its third-quarter net profit tumbled to $700m

Foxconn's Q3 profit tumbles after iPhone X hurdles

Taiwan's Foxconn has reported a 39% slide in quarterly profit, far worse than expected, as the assembler of Apple products saw margins squeezed by production bottlenecks for the iPhone X.

Business • 15 Nov 17

Foxconn was formally known as Hon Hai Precision Industry

Foxconn says Apple, Dell part of its bid for chip unit

Apple, computing giant Dell and Kingston Technology are members of a Foxconn-led consortium bidding for Toshiba's chip unit, the CEO of the world's largest electronics manufacturer told Reuters today.

Business • 12 Jun 17

Sharp has said it is now looking to invest in future growth drivers

Sharp expects first profit in four years on cost cuts

Japan's Sharp said today it expects to report its first net profit in four years in the year to March 2018 due in part to cost-cutting under the aegis of Taiwan's Foxconn.

Business • 26 May 17

The Foxconn-Sharp deal marks the largest acquisition by a foreign company in Japan's insular tech industry

Foxconn agrees Sharp deal after cutting 1st offer

Taiwan's Foxconn has today agreed to buy Japanese firm Sharp at a big discount to its original offer.

Business • 30 Mar 16