21Vianet and Foxconn have signed a strategic cooperation agreement to establish a joint venture named Smart Time Technologies Limited. The two parties will jointly build and develop a global supply chain for the Internet data center and cloud computing infrastructure markets. In addition, the companies announced they plan to open a 21Vianet-Foxconn Internet infrastructure and engineering technology research and development center. This development is expected to further strengthen the technological collaboration between the two companies.
Ingrasys Technology, a subsidiary of Foxconn Electronics (Hon Hai Precision Industry), has acquired a 40% stake in Taiwan-based cloud computing-based storage and computing solution provider Hope Bay Technologies. Hope Bay said it was originally a cloud computing technology center under power supply maker and energy management solution provider Delta Electronics, which spun it off in May 2013.
Last week, around 1,000 workers at Foxconn’s Chongqing plant stopped working. They made banners and demanded a meeting with management to discuss their grievances, making it clear that they wouldn’t step back on the assembly line until that happened. Their beef? They wanted to work longer hours. Foxconn wasn’t giving them enough overtime.
Foxconn Electronics (Hon Hai Precision Industry) and 21Vianet Group, a China-based Internet data center (IDC) service provider, will invest US$25 million initially to establish Smart Time Technologies, a joint venture to provide planning, design, construction, project financing, operation and maintenance services for IDCs in China and other markets, according to 21Vianet. 21Vianet said it and Foxconn will hold a 60% and 40% stake respectively in the joint venture.
TAIPEI–Asian tech giants are fast-rivaling their Western counterparts, with Taiwan’s Hon Hai (鴻海) Precision Industry Co. an example of that rising power, according to an article posted on the Forbes website. “Call them copycats if you want, but the Asian tech giants from South Korea, Taiwan and China are fast becoming the new Ciscos and IBMs of the world,” according to the article published Oct. 5.
Despite having strong performance thanks to iPhone sales, Foxconn Electronics (Hon Hai Precision Industry) has been aggressively helping its China-based smartphone clients such as Xiaomi, Meitu, Oppo and Meizu boost their sales and is looking to increase the revenue contribution from non-Apple players, according to sources from the upstream supply chain. Since most of these vendors are mainly selling their smartphones domestically, helping them to sell their products to non-China markets has become a new business direction that Foxconn is looking to expand in the future, the sources noted.
Foxconn Electronics will invest US$2 million to acquire a 10% stake in AirSig, a Taiwan-based developer of digital signing technology, and apply the technology to information security for mobile devices, according to AirSig. Prior to the investment, Foxconn also invested in Norway-based Next Biometrics to acquire fingerprint identification technologies.
Foxconn Electronics (Hon Hai Precision Industry) is interested about the Internet of Things (IoT) industry and has been investing in related businesses as well as looking at its existing businesses to make connections with the IoT industry, according to sources from the upstream supply chain. However, Foxconn does not plan to only become a maker of IoT products, the company is also looking to acquire technologies, IC design capability and the ability to conduct back-end transmission, data collection and analysis, the sources said.
TAIPEI: Taiwan’s tech giant Hon Hai Precision Industry, a major supplier to Apple, said Wednesday that its net profit in the three months to June rose almost 19%. Net profit in the second quarter was Tw$20.19bil (RM2.14bil), compared to Tw$16.98bil (RM1.8bil) in the same period the previous year and Tw$19.54bil (RM2.07bil) in January-March. Hon Hai — the parent company of Foxconn in China — said in a statement that sales in the second quarter eased to Tw$879.1bil (RM93.25bil), down 1.8% year-on-year.
According to Bloomberg, GoPro’s CEO Nick Woodman said in a phone interview that Foxconn (富士康) hasn’t made any products for GoPro, since Foxconn’s founder and Chairman Terry Gou (郭台銘) invested US$200 million in GoPro two years ago. Gou is currently not a board director of GoPro. Insiders said that Foxconn and GoPro’s enterprise cultures are two different worlds, and Gou’s hard-driving character and Woodman’s easy-going personality also differ very much. The partnership between Foxconn and GoPro apparently didn’t go well due to such differences.
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.