HNHAF News and Press, Foxconn Technology Group From 04/20/21

Apple assembler Foxconn, formally known as Hon Hai Precision Industry (HNHAF), has renegotiated the terms of its investment plans in Wisconsin, an heralded agreement that originally revolved around building an LCD chip fab.Foxconn chairman Young-Way Liu says the company plans to adjust the bu...

Hon Hai Precision (HNHAF) reports a March revenue of NT$441.22B, up 9.78% M/M and up 26.91% Y/Y.YTD revenue totaled NT$1343.33B, up by 44.49% from the previous year.Press Release For further details see: Hon Hai Precision March revenue rose 26.9% Y/Y

Hon Hai Precision Industry (HNHAF): FY net profit of NT$101.79BRevenue of NT$5.36T (+0.35% Y/Y)Profit declined despite slightly higher sales mainly because of a weaker gross profit margin.Source For further details see: Hon Hai Precision Industry reports FY 2020 results

During its fourth quarter earnings report, Apple (AAPL) assembler Foxconn (HNHAF) warns that a "materials shortage" in the consumer electronics supply chain could stretch into next year. But Foxconn says the shortage should hit less than 10% of customer orders. The company didn't specify...

Volvo owner Geely (GELYF) plans to roll out a new electric vehicle line with different branding and revised sales strategies to compete with Tesla in the high-end vehicle space, according to Reuters sources.The Zeekr brand will be launched under Geely's forthcoming Lingling Technologies EV&#x...

Foxconn, as it is popularly known, reported revenues of NT$1.292 billion - a 7% yearly decrease but an improvement on the previous quarter. Profit margin and operating margins showed improvement resulting from better expense management, leaving net income with a 0.66% increase compare...

Hon Hai Precision has entered into multiple collaborations and investments to grow its presence in the electric vehicle market and diversify away from its consumer electronics manufacturing business. The company has developed a new open platform for electric vehicles which is potentia...

Apple assembler Foxconn/Hon Hai (HNHAF) will use Microsoft's (MSFT) Azure AI and databases, ESG governance technologies, and 365 products to create a hybrid workplace and enhance its electric vehicle ecosystem.The digital transformation is meant to help Foxconn adapt to quickly changing deman...

Hon Hai Precision (HNHAF) reports a February revenue of NT$401.89B, down 19.6% M/M and up 84.8% Y/Y.YTD revenue totaled NT$902.11B, up by 55.00% from the previous year. For further details see: Hon Hai Precision February revenue rose 84.8% Y/Y

Amazon (AMZN) is partnering with Foxconn (HNHAF) subsidiary Cloud Network Technology to produce Fire TV Sticks on its first device manufacturing line in India.The line will be housed in Cloud Network's Chennai plant with an annual capacity of "hundreds of thousands" of units. The facilit...