HNHAF News and Press, Foxconn Technology Group From 07/24/23

2023-07-24 07:01:17 ET Foxconn Technology ( OTCPK:FXCOF ) is acquiring a 50% stake in ZF Friedrichshafen's (ZF Group) axle system assembly unit, ZF Chassis Modules, to form a joint venture aimed at expanding automotive and supply chain opportunities. ZF Chassis, which bundles...

2023-07-05 07:01:26 ET Foxconn ( OTCPK:FXCOF ), an Apple ( AAPL ) manufacturing partner, said Q2 revenue fell -13.75% Y/Y to NT$1.302T. Q2 : Foxconn —  which is formally known as Hon Hai Precision ( OTCPK:HNHAF ) ( OTCPK:HNHPF ) — added t...

2023-06-27 05:24:35 ET Lordstown Motors ( NASDAQ: RIDE ) has filed for Chapter 11 bankruptcy , sending its stock ~52% lower before the bell, and sued Taiwanese electronics contract manufacturer Foxconn ( OTCPK:FXCOF ) for allegedly reneging on its commitments to the...

2023-06-06 06:00:19 ET Apple ( NASDAQ: AAPL ) stock will be on watch again Tuesday after a momentous keynote presentation at its Worldwide Developers Conference Monday that resulted in its biggest product launch in nearly a decade. The company made headlines by jumping i...

2023-03-15 14:14:26 ET Hon Hai Precision Industry press release ( OTCPK:HNHAF ): FY GAAP EPS of NT$10.21. Revenue of NT$6.63B (+10.7% Y/Y). For further details see: Hon Hai Precision Industry GAAP EPS of NT$10.21, revenue of NT$6.63B

2023-03-06 01:21:48 ET Hon Hai Precision ( OTCPK:HNHAF ) reports February revenue of NT$402.04B, down 39.12% M/M and down 11.65% Y/Y. Revenue in Components and Other Products was flattish, while the rest of the three products all declined M/M and Y/Y. Year-to-date re...

Summary Hon Hai Precision achieved better-than-expected sales in January 2023, which indicates that disruptions associated with its iPhone manufacturing plants should be a thing of the past by now. The key metrics relating to Hon Hai Precision's EV business, gross margin, and valuations...

Summary The outlook for semiconductors is tepid in 2023, driven by a slowdown in economic activity. With its major exposure to the largest semiconductor industry in the world, the EWT ETF is bound to feel the pressure. Using my Trend Flow, Support/Resistance Location, and False Brea...

Summary A more militarily assertive China, U.S. high-tech trade restrictions, COVID-19 lockdowns, and labor issues at Apple's Foxconn site are all reason to re-shore supply chains away from China. Florida-based Jabil is in an excellent position to benefit from the trend to re-shore or r...

Hon Hai Precision Industry press release ( OTCPK:HNHAF ): Q3 GAAP EPS of NT2.80. Revenue of NT1.75T (+24% Y/Y). Net profit attributable to the parent company at NT$38.8 billion in the third quarter was a record high for the same period, in line with the company's goal of m...