Expect more wearables, robots and even electric cars to come from manufacturing giant Foxconn Technology Group, as the Taiwanese company tries to reinvent itself as a broader technology service provider. While Foxconn now mainly manufactures products for vendors like Apple and Sony, the company is hoping to seize on new opportunities emerging in the market. “When a typhoon comes, even a pig can fly,” joked Foxconn’s CEO Terry Gou at its annual shareholders’ meeting on Wednesday.
Foxconn Electronics’ (Hon Hai Precision Industry) subsidiary Pan International recently announced it will sell its 48.01% shareholdings in SMS Marketing Service, and market watchers believe the action implies that Foxconn may part ways with its China-based retail channel partner Cybermart, which is a wholly-owned subsidiary of SMS Marketing Service.
LIVE FROM MOBILE ASIA EXPO 2014: Terry Gou (pictured), founder and CEO of device manufacturer Foxconn, used today’s Global Device Summit to talk up the importance of the wider ecosystem, noting that “terminals alone cannot meet our needs. We need to create a smart society”.“Devices are terminals. Cloud computing, cloud storage and transmission through the internet have to be integrated,” the executive said in his keynote presentation.
You probably know Foxconn as the rather controversial manufacturer of the iPhone, the iPad, and many other consumer electronic devices from a wide range of U.S. companies. The Taiwan-based company is the world’s largest contract electronics manufacturer, and the third largest private employer in the world, behind Wal-Mart and McDonalds.
Apple is rumored to release a 5.5-inch and a 4.7-inch iPhone in 2014 with Foxconn Electronics (Hon Hai Precision Industry) said to be manufacturing both models, while Pegatron has landed 30% of the 4.7-inch model’s orders, according to sources from the upstream supply chain. Orders for the existing 4-inch iPhone will be outsourced to Wistron.
Foxconn, the Taiwan-based company that manufactures gadgets for Apple, Microsoft, Cisco, and others, aims to become a major force in Taiwan’s emergent market for 4G. The gadget supplier will buy a stake worth $390 million in Asia Pacific Telecom, a Taiwanese mobile telecoms operator, reports Reuters.
Foxconn is writing a $390 million cheque for the Taiwanese mobile telecoms operator Asia Pacific Telecom as part of a cunning plan to expand into the 4G telecoms market. Foxconn and Asia Pacific are expected to merge fully via a share swap once the small print is worked out by June 20. The world’s largest contract manufacturer of electronic goods wants to expand its operations to include software, 4G services and cloud computing. It also has a licence to operate part of Taiwan’s 4G spectrum.
HP and Foxconn announced that the two parties have established a joint venture for the development of servers designed for cloud computing services. According to the two companies, they signed an agreement to set up a non-equity joint venture on May 1, 2014. Ownership splits and capitalization schedules for the new entity were not released.
Foxconn Electronics’ (Hon Hai Precision Industry) server and data center business group has been developing fourth-generation containerized data centers with PUE (power usage effectiveness) rising to 1.25-1.30, according to industry sources. PUE is a measure of energy efficiency specifically for data centers, expressed as a ratio of total amount of energy used by a data center to energy used by the data center’s IT equipment alone, the sources indicated.
The partnership came into effect on May 1, 2014 News | by CIOL Bureau MUMBAI, INDIA:Foxconn, world’s leading manufacturer of computer components and systems is establishing joint venture with Hewlett-Packard (HP) exclusively to manufacture servers for cloud computing and offering related supporting services. The partnership came into effect on May 1, 2014.
Hewlett-Packard plans to invest more than US$1 billion over the next two years to develop and offer cloud-computing products and services. The company said it will make its OpenStack-based public cloud services available in 20 data centers over the next 18 months. HP last week also inked a deal with Taiwanese contract manufacturer Foxconn Technology Group to make servers aimed at companies that provide cloud computing services.
Hewlett-Packard is hoping contract manufacturing giant Foxconn can help it gain traction in the market for low-cost, low-power servers aimed at large-scale cloud service providers. The two companies, which already partner on a range of systems, including servers and PCs, announced a deal April 30 in which Foxconn will design and manufacture the systems and HP will add services atop the systems and sell them.
It’s a curious piece of news: Foxconn, a hardware manufacturer that employs legions of workers to make smartphones for Apple and Samsung, has invested US$2.2 million into Project Goth, the Singapore-based parent company behind microblogging app mig33. Foxconn will receive existing equity in mig33 and get the rights to new shares, which will be available once mig33′s completes its listing on the Australian Securities Exchange.
Singapore cyber surveillance startup KAI Square has raised S$4 million (US$3.18 million) in a Series B round. The investors are Ingrasys, a wholly-owned subsidiary of electronics manufacturer Foxconn, as well as Innov8, the venture capital arm of Singapore’s largest telco SingTel. The startup has developed technology which can identify a person by scanning his or her facial features through a camera. It also launched a Video-Analytics-as-a-Service for retailers, enabling them to track store visitors and their behavior. KAI Square developed the service in collaboration with SingTel. Merchants can use the service starting from S$200 a month.
Foxconn Electronics (Hon Hai Precision Industry) is exposing itself to high risks by relying too much on a single client. Foxconn has revealed that its biggest client accounted for 50.63%, or NT$2 trillion of its revenues in 2013, up from 47.77%, or NT$1.86 trillion in 2012. Foxconn did not name the client, but it is generally believed to be Apple. Although Apple’s performance is expected to stay strong in the short term, Foxconn will still need to find new clients and new markets to avoid long-term risks.
CHINA: Foxconn, world’s leading manufacturer of computer components and systems, announced its cooperation with Beijing Automotive Group (BAIC) a China-based holding company of several Chinese automobile and machine manufacturers to develop new-energy batteries for electric cars. Foxconn is anticipating gaining advantages in China’s new energy vehicle (NEV) market.
The hyperscale systems market is getting a new supplier, and this one is a big one with plenty of expertise in manufacturing complex servers and storage and integrating gear at the rack level. The startup is called StackVelocity, and it is a business unit of contract manufacturer Jabil Circuit. You may not know Jabil by name, but many of your IT equipment suppliers do. The company, which is based on St Petersburg, Florida, is among the largest contract manufacturers in the world, a group that includes Foxconn, Flextronics, Quanta Computer, Celestica, Sanmina-SCI, Benchmark Electronics, and many others.
It’s finally happening. Taiwanese manufacturing giant Foxconn (LSE:HHPD; HKEX:2038; TPE:2354) signed a letter of intent on Friday to build a factory in Jakarta. The letter states that the city has committed to provide a 200-hectare plot of land in Marunda, Central Jakarta, for the upcoming factory. The agreement was signed jointly by Foxconn chairman Terry Gou and Jakarta governor Joko Widodo on Friday.