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2023-08-01 06:16:45 ET Foxconn Technology's ( OTCPK:FXCOF ) EV platform unit Mobility in Harmony (MIH) aims to target India or Thailand for the manufacturing of a small battery-powered car under development, Reuters reported citing MIH's CEO Jack Cheng. Foxconn's —...
2023-07-28 06:11:14 ET Advanced Micro Devices ( NASDAQ: AMD ) plans to invest about $400M in India over the next five years and will include its largest design center in the country based out of Bengaluru, Karnataka. The new AMD campus will add about 3,000 new engineer...
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...
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Nearly all automakers have been affected by the global shortage of semiconductors, specifically the kinds of sturdy old-school chips that are found throughout today's automobiles. Now, we're starting to see automakers respond by taking control of their chip supply chains -- and while they'r...