#foxconn

5:54am, 15th May, 2020

Foxconn quarterly profit plummets, sees new growth from post-virus lifestyles

Foxconn's first-quarter profit plunged to its lowest in two decades, all but wiped out, after the coronavirus pandemic forced the Taiwanese firm to suspend manufacturing operations in China and knocked demand from customers including Apple Inc .

Foxconn's first-quarter profit tumbles almost 90% on coronavirus fallout

1:42am, 15th May, 2020

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Foxconn's first-quarter profit tumbles almost 90% on coronavirus fallout

Taiwan's Foxconn posted an almost 90% drop in first-quarter profit on Friday, as the coronavirus pandemic disrupted production and hit demand from Apple Inc and other major clients.

Virus to dent Foxconn's consumer electronics revenue in first-quarter

6:00am, 3rd March, 2020

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Virus to dent Foxconn's consumer electronics revenue in first-quarter

Apple supplier Foxconn warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China.

Taiwan's Foxconn warns of negative revenue impact from virus outbreak

2:20am, 20th February, 2020

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Taiwan's Foxconn warns of negative revenue impact from virus outbreak

Taiwan's Foxconn on Thursday said a coronavirus outbreak will lead to lower full-year revenue and the company will "cautiously" resume output at its main factories in China that were shut because of the outbreak.

Exclusive: Foxconn exploring sale of $8.8 billion display plant in China - sources

11:41pm, 1st August, 2019

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Exclusive: Foxconn exploring sale of $8.8 billion display plant in China - sources

Taiwan's Foxconn is exploring the sale of its upcoming $8.8 billion display panel factory in China, people familiar with the matter told Reuters, as demand for the product wanes amid an intensifying U.S.-China trade war.

Taiwan's Foxconn shares drop more than 2% after quarterly profit miss

8:43pm, 14th May, 2019

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Taiwan's Foxconn shares drop more than 2% after quarterly profit miss

Shares of Foxconn, the world's largest contract manufacturer, dropped more than 2% on Wednesday after the company posted a lower-than-expected quarterly profit.

Foxconn poised to nominate chip boss as Taiwan group's next chair: sources

2:46am, 13th May, 2019

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Foxconn poised to nominate chip boss as Taiwan group's next chair: sources

iPhone assembler Foxconn is poised to nominate its chip unit head as group chairman to succeed Taiwan presidential hopeful Terry Gou, in what is internally seen as a surprise move, two people with direct knowledge of the matter said.

Wisconsin governor says wants to renegotiate Foxconn contract

4:22pm, 17th April, 2019

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Wisconsin governor says wants to renegotiate Foxconn contract

Wisconsin's governor said on Wednesday he wants to renegotiate the state's contract with Foxconn Technology Group Ltd because the Taiwanese company is not expected to reach its job creation goals for the state.

Foxconn's Gou says may run for Taiwan president, step back from daily business

2:37am, 16th April, 2019

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Foxconn's Gou says may run for Taiwan president, step back from daily business

Foxconn's Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan's 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world's largest contract manufacturer.

Foxconn rejects Microsoft patent lawsuit, says never had to pay royalties

3:33am, 12th March, 2019

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Foxconn rejects Microsoft patent lawsuit, says never had to pay royalties

Taiwan's Foxconn on Tuesday responded to a patent infringement lawsuit filed against it by Microsoft Corp , saying as a contract manufacturer, it has never needed to pay royalties for the U.S. giant's software.