Digi Times — Commenting on Foxconn Electronics’ (Hon Hai Precision Industry) current plans for the 5G industry during the 12th Cross-Strait Information Industry and Technology Standards Forum, Foxconn vice president Lu Fang-ming said that Foxconn will mainly focus on small cell, remote radio head (RRH) module and Cloud radio access network (Cloud RAN) applications, looking to have in-house developed basic technologies and will then gradually push into patent and products, following cross-strait government policies.
Digi Times — TOKYO: Taiwan’s Hon Hai Precision Industry offered to buy Sharp Corp’s struggling liquid panel display business and plans to seek funding from Apple Inc, the Nikkei business daily reported. The report did not specify how much Hon Hai, also known as Foxconn, was willing to pay for the loss-making operations, but said it would seek funding from Apple, a key Sharp customer.
Asustek Computer, in addition to its existing ODM partners Pegatron and Quanta Computer, will have Foxconn Electronics (Hon Hai Precision Industry) make its ZenFone smartphones for the Brazil and India markets, and Arima Communications do so for the Indonesia market, according to Taiwan-based supply chain makers.
Digi Times — Total shipments of iPhone devices, including updated iPhones which are to be unveiled shortly, are expected to total 45-50 million units in the third quarter of 2015 and hit 70-80 million in the fourth quarter, according to sources from Taiwan’s iPhone supply chain.
Taiwan’s Foxconn Technology Group, the world’s biggest electronic component maker, known as Hon Hai in Taiwan, is in talks with German industrial group Siemens AG to develop digitalized manufacturing in its production facilities. Ken Cheng, vice president of Siemens Taiwan, said Thursday that Foxconn chair Terry Gou spent 90 minutes at the Siemens booth at the Hannover Messe trade show in April this year.
Digi Times — Foxconn Electronics (Hon Hai Precision Industry) is expected to expand its cooperation with Korea’s SK Group to include semiconductors, telecom services and energy, in addition to current cooperation focusing on IT services and ODM handset production, according to industry sources.
Digi Times — Siliconware Precision Industries (SPIL) expects its strategic partnership with Foxconn Electronics for developing SiP (system-in-package) packaging technology to begin bearing fruit within one year, according to company chairman Bough Lin. SPIL recently announced plans to form a strategic alliance with Foxconn, which will become the largest shareholder of the IC backend firm through share swaps.
Digi Times — China-based smartphone vendor Xiaomi reportedly is planning to launch a notebook in 2016 and is currently developing the device jointly with its ODM partners Inventec and Foxconn Electronics (Hon Hai Precision Industry). So far, the notebook’s mass production schedule has yet to be confirmed, according to sources from the upstream supply chain.
Patently Apple — In terms of semiconductor packaging business, ASE provides the majority of Apple’sSystem in Packages (SiP). The Taiwanese semiconductor package company Advanced Semiconductor Engineering (ASE) has received major orders from Apple for the Apple Watch, the iPhone 6S and even the 2016 iPhone 7. Yet a portion of Apple’s SiP business goes to Hon-Hai or Foxconn through their ShunSin subsidiary.
Want China Times — Cima NanoTech, a US-based developer of transparent conductive film solutions, announced Tuesday that it has entered into a joint venture with Foxconn Technology Group to deliver components for large format touch screens. The two companies will sell Cima NanoTech’s proprietary Sante ProTouch modules through Cima Touch, the company formed under this joint venture, Cima NanoTech said in a statement.
Times of India — NEW DELHI: Online marketplace Snapdeal has raised $500 million (about Rs 3,269 crore) in a fresh round of funding from a clutch of investors led by Alibaba Group, Foxconn and SoftBank. Existing investors Temasek, BlackRock, Myriad and Premji Invest also participated in the latest funding round, Snapdeal said in a statement. The company had raised more than $1 billion, from investors including Softbank ($627 million) and iconic business leader Ratan Tata (personal investment).
Want China Times — Taiwan’s Asustek Computer confirmed on Tuesday it has teamed up with contract manufacturing giant Foxconn Technology Group (Hon Hai Precision Industry), a key supplier to Apple, to produce smartphones in India. Mass production of the assembly line is expected to begin at the end of August, with a monthly capacity of around 200,000 units, Asustek chief executive Jerry Shen told reporters after the company’s earnings briefing.
Digi Times — Foxconn Electronics will benefit the most for snapping up more windfall smartphone orders as handset vendors including Asustek Computer and Xiaomi Technology are foraying into the smartphone markets in India, Brazil and other emerging economies, according to industry sources.
Times of India — MUMBAI: Global electronic manufacturing giant Foxconn has announced it will invest $5 billion over the next five years in Maharashtra, which has given the Taiwan-based company 1,500 acres of land for its plant. Foxconn chairman Terry Gou said the facility in Maharashtra will focus on research and development as well as manufacturing, and the company has chosen the state for being a financial centre, availability of quality talent and software-hardware integration facilities.
Times of India — NEW DELHI: Foxconn, the world’s largest electronics assembly manufacturer, on Saturday said India would be the next IT hub for it while expressing a desire to open factories in all states in the spirit of the ‘Make in India’ initiative. ‘Make in India’ is one of Prime Minister Narendra Modi’s key initiatives. In an interview to CNBC-TV 18, Terry Gou, chairman of Taiwanese firm Foxconn, said, “We want to expand our base after setting it up in Pune. The Maharashtra government had encouraged us to come to India and invest in the state.”
Times of India — BEIJING: Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China’s Alibaba Group Holding Ltd, three people familiar with the matter said on Monday. One of the people said the deal could be finalized within a few days at the earliest but may also take weeks.
Times of India — NEW DELHI: To counter Reliance Jio’s bid to capture the 4G services market with low cost bundled handsets, telecom major Bharti Airtel is planning to launch Airtel branded smartphones for Rs 4,000 by October-November. “Airtel is in advanced stages to finalise vendors to launch dual mode 4G handset in the price range of Rs 4,000-12,000. Negotiations are around if it should be only Airtel branded handset or co-branded handsets,” a industry source privy to the development said.
Digi Times — The Foxconn Group plans to establish 10-12 plants to create over one million job opportunities in India before 2020, according to chairman Terry Gou. The rise of the domestic market and clients’ demand for local production in India, including Apple, Microsoft and Xiaomai, has prompted Foxconn to consider building its production bases in the country, said sources at Taiwan’s handset supply chain.
Times of India — NEW DELHI: Foxconn Technology Group, the world’s largest contract manufacturer, is aiming to create at least a million jobs by setting up 10-12 manufacturing facilities across the country by 2020, its chairman said. Terry Gou, head of the maker of iPhones and iPads for Apple and Kindles for Amazon, told reporters on a short trip to India that Foxconn would look to set up the manufacturing plants, initially in five states including Andhra Pradesh, Gujarat, and Maharashtra and expand to other states across the country by 2020.
Want China Times — Taiwan-based Foxconn Technology Group, the world’s largest contract electronics maker, will assemble smartphones in India for Chinese brand Xiaomi, according to a report posted Wednesday by India’s technology website TeleAnalysis. The report cited an unnamed official from Sri city as saying that since early June, Foxconn, known in Taiwan as Hon Hai Group, has been moving production facilities from its plant in Chennai to a new base located in Sri city,