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RED teams up with Foxconn to create “affordable” 8K prosumer cameras

With disappointing iPhone X sales, and the overall reduction in iPhone sales, it seems Foxconn are branching out. And they’re brancing out into the 8K prosumer video market, if Nikkei Asian Review’s report is accurate. They say thatShow More Summary

Paying for jobs: How cities end up spending millions for corporate incentives

Are economic development megadeals like Foxconn and Amazon worth the price—and the risk? Are economic development megadeals worth the price—and the risk? With cities trying to outbid each other for Amazon’s new headquarters, it’s worth...Show More Summary

Foxconn branching out from iPhones into more expensive devices as it seeks to diversify

iPhone assembler Foxconn is seeking to diversify its production lines as it says the smartphone market has become stagnant. The company currently relies on Apple for around half of its revenue, but has ambitious plans for even higher-end manufacturing … more…

Foxconn is working with RED to make cheaper and smaller 8K cameras

Foxconn, AKA Hon Hai Precision Industry, AKA the company that made your iPhone, is working with digital cinema pioneer RED to create affordable 8K cameras, the company announced. Chairman Terry Gou told reporters in Taipei, the Nikkei’s among them, that the goal is to reduce both the price and the size of such camera systems by two thirds. Read More

Even underpaid Chinese factory workers are losing their jobs to robots

Foxconn plans to slash more than 10,000 jobs this year as part of an aggressive robot takeover. Innolux, the LCD-display arm is said to bear the brunt of the lost jobs. According to Honorary Cairman Tuan Hsing-Chien: We will reduce our total workforce to less than 50,000 people by the end of this year, from the 60,000 staff at the end of 2017. Show More Summary

Foxconn picks Milwaukee for U.S. headquarters

Foxconn Technology Group has chosen Milwaukee for its US headquarters, about 30 miles from its planned factory that will make liquid crystal display panels for commercial and consumer uses, including televisions. (Feb. 6)        

Foxconn putting US headquarters in Milwaukee

Foxconn Technology Group says it will establish a U.S. headquarters in Milwaukee as part of a massive investiment it is making in an electronics manufacturing plant in southeast Wisconsin.

iPhone assembler Pegatron optimistic about demand for high-end phones this year

2 weeks agoTechnology / Apple : 9 to 5 Mac

Pegatron – Apple’s secondary iPhone assembler alongside Foxconn – has said that it is optimistic about demand for high-end phones this year. We are rather positive about the premium phone segment for all of 2018. We will also be benefiting from expanding adoptions of new artificial intelligence and augmented reality features to go into those high-end phones … more…

Foxconn package cost Wisconsin eight times as much per job as similar 2017 jobs deals

At more than $200,000 in state taxpayer money per job, the package for the Taiwanese company is easily the state's most expensive deal of 2017.        

Foxconn to plug at least $340M into AI R&D over five years

Manufacturing giant Foxconn has said it will make a major investment in artificial intelligence-based R&D as it looks for new business growth opportunities in a cooling global smartphone market, Nikkei reports.  Read More

Sprint, Foxconn, and Comcast named in America’s most hated companies poll

Sprint ranked seventh, while Foxconn and Comcast finished sixth and 15th, respectively.

Xpeng gets $350M in funding, including from iPhone maker Foxconn

Chinese electric car startup Xpeng only revealed its G3 SUV to the world at last month's 2018 Consumer Electronics Show in Las Vegas, but the vehicle, a potential rival to the Tesla Model X, has been testing in prototype form since 2016. That's why Xpeng is confident of getting the G3 into showrooms, in China only initially, as early as this year...

The ‘failing’ iPhone X pushed Apple’s manufacturing partner to its best December in years

Foxconn, Apple's primary iPhone assembler and the company's biggest manufacturing partner, reported December revenue that was up 50 percent year-on-year, largely driven by iPhone X orders. The strong performance was enough to put Foxconn's...Show More Summary

Alibaba and Foxconn led a $350 million funding round in Chinese electric car maker Xiaopeng

Xiaopeng is one of several Chinese start-ups looking to speed up development of battery-powered technology and compete with global leaders including Tesla.

Alibaba, Foxconn Invest in Chinese Electric-Vehicle Maker

Chinese e-commerce giant Alibaba and Foxconn Technology Group have led a $348 million funding round into Chinese electric-vehicle manufacturer Xiaopeng Motors, the auto maker said in a statement.

Alibaba & Foxconn Leading $347 Million EV Startup Funding Round

In yet another example of the way that the electric vehicle market in China seems to be exploding in a way that others aren't, Alibaba and Foxconn have led the recent, 2.2 billion yuan (~$347 million) funding round for the startup manufacturer Xiaopeng Motors

Foxconn wants to tap 7 million gallons of water a day

Foxconn Technology Group wants to tap 7 million gallons of water a day from Lake Michigan to meet its needs.

Wisconsin's FoxConn Bribe Rises to $4.5 Billion

A planned Foxconn manufacturing facility in southwest Wisconsin could cost taxpayers roughly $4.5 billion, a state assemblyman said Tuesday. Wisconsin Assemblyman Gordon Hintz (D) told reporters that a memo from the state legislature's fiscal bureau indicated the cost of the facility to the public will likely be higher than the $3 billion Gov. Show More Summary

Memo says Foxconn cost to taxpayers could near $4.5 billion

A new analysis from the Legislature's nonpartisan Fiscal Bureau says the cost to taxpayers for a Foxconn Technology Group manufacturing complex in southeast Wisconsin could near $4.5 billion. The memo … Click to Continue »

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