Foxconn Electronics (Hon Hai Precision Industry) on March 26 announced cooperation with SK C&C, a South Korea-based IT service provider, to establish a joint venture for tapping the China’s IT service market. The joint venture will start operations in May 2015. Foxconn in June 2014 invested NT$10.8 billion (US$342 million) for a 4.9% stake in SK C&C. The joint venture will initially apply IT services to automated production lines at Foxconn’s factories in China, creating a model of integrating IT services with industrial automation for China-based manufacturers.
Foxconn Electronics has signed a strategic agreement with China-based Internet service provider Tencent Holdings and luxury auto dealer China Harmony Auto Holding for tapping the Internet-connected smart electric vehicle market. However, the companies did not reveal much detail of the cooperation project. The coalition efforts will draw on Foxconn’s manufacturing expertise, Tencent’s Internet platform and China Harmony Auto’s dealership networks, according to industry sources.
A retail subsidiary of Hon Hai Precision Industry, the world’s largest contract electronics manufacturer better known by its trading name Foxconn, plans to open 20 stores in China for technology innovators known as “makers,” by the end of the year, a company executive said on Sunday. According to Wang Jung-ching, general manager of Big Cyber, a new retail brand under Hon Hai’s Cybermart consumer electronics chain in China, his firm will open new stores in Beijing and Guangzhou in April and May after already a first store in Shanghai.
New Taipei District prosecutors on Thursday summoned a Hon Hai Precision Industry executive for questioning on allegations that he had stolen 4,000 iPhone 6 handsets. Initial findings of an investigation revealed that the suspect surnamed Tsai is a veteran executive at Hon Hai, the world’s largest electronics contract manufacturer which manufactures many Apple products.
Xiaomi Technology is currently in talks with its Taiwan-based production partners Foxconn Electronics and Inventec for the possibility of jointly setting up a smartphone plant in India, according to Xiaomi’s co-founder and president Lin Bin. The establishment of a production base in India will be instrumental to Xiaomi’s future growth as the India government is currently promoting the production of industrial products in India, Lin noted.
The electronics industry may still be reliant on human workers to assemble products, but Apple supplier Foxconn Technology Group is hopeful that robots will take over more of the workload soon. In three years, Foxconn will probably use robots and automation to complete 70 percent of its assembly line work, said company CEO Terry Gou on Thursday in news footage circulated online.
TAIPEI – The Foxconn Technology Group, constantly searching for opportunities other than assembling Apple gadgets, is joining hands with China’s Alibaba Group in e-commerce and cloud-computing ventures. Terry Gou, chairman of the Taiwanese contract manufacturer, has been aggressively branching into other sectors, including telecommunications and robots, as his empire grapples with tight margins from churning out iPhones.
TAIPEI, Taiwan — Foxconn’s Terry Gou (郭台銘), chairman of the world’s largest manufacturer of consumer electronics, yesterday said he hopes 70 percent of assembly can be automated within three years. Hon Hai Precision Industry Co., which trades as Foxconn Technology Group, sees robotics as a major investment direction for the coming year, Gou said at a prayer ceremony marking the Year of the Goat.
Foxconn Electronics (Hon Hai Precision Industry) has continued to expand its investments in application technologies and integrated service platforms, aiming to increase added value in the IT supply chain, according to industry sources. Foxconn has recently made equity investments in interactive marketing platform ConneXionONE and design company Gixia Group, the sources noted.
CHENNAI: Taiwanese phone-part manufacturer Foxconn, which had suspended its Chennai operations has floated a severance package for the 1,306 workers at the Chennai plant, and told them that February 10 will be the last working day. Foxconn had wound up its plant after its sole Chennai client Nokia had downed shutters in Chennai. Employees have time till February 9 to decide on the offer, delaying which workers will receive a severance amount prescribed by labour laws the next morning.
Optimistic about software defined network (SDN) development, Facebook is planning to shift its network switch orders from existing brand partners to Taiwan’s white-box suppliers in 2015 and both Quanta Computer and Wiwynn, a white-box server subsidiary of Wistron, are already preparing aggressively to strive for related orders.
Taiwan’s Foxconn Technology Group, the world’s largest contract electronics manufacturer and maker of Apple devices, is hoping to slim its global workforce with the help of robots. The group currently employs about 1.3 million people during peak production times, making it one of the largest private employers in the world. As a key Apple supplier, the company has had a solid run in recent years, but faces declining revenue growth and rising wages in China.
Foxconn Electronics (Hon Hai Precision Industry) will make assisting its China-based handset clients including Xiaomi Technology, Meizu and MIT boost their sales to emerging markets one of its major goals in 2015, according to industry sources. Xiaomi began to push its smartphones to a number of emerging markets, including Brazil, India, Indonesia, Russia and Turkey, in 2014 but initial results have been lower than expected, said the sources.
TAIPEI — Chinese handset maker Xiaomi (小米) Corp.’s newly launched 5.7-inch smartphone is expected to boost sales and profits for FIH Mobile Ltd. (富智康), a unit of Taiwanese contract electronics maker Foxconn Technology Group (富士康), according U.S. brokerage Morgan Stanley. Xiaomi on Jan. 15 unveiled the Mi Note flagship phone that features ultra-slim design, a more powerful processor, improved cameras and better display resolution. The 5.7-inch phone-tablet hybrid is available in China at 2,299 Chinese yuan (US$372).
CHENNAI: Stepping up their stir against suspension of production at Foxconn India’s facility near here, the employees have decided to go on a day-long hunger strike on January 23 as part of seeking the state government’s attention, Union sources said today. Trouble began at the manufacturing facilities of Foxconn situated at Sriperumbudur near here after it decided to suspend production from December 22, 2014. Fearing job losses the employees have been resorting to agitations since then.
It’s almost an echo of western classic films where a bustling factory suddenly falls silent and the emptiness behind the gates symbolizes its doom. Or the mothballed factories in the manufacturing cluster of Sriperambudur near Chennai. Now thousands of laid-off youth from Nokia and Foxconn are entering the unemployment pool.
CHENNAI: It’s almost an echo of western classic films where a bustling factory suddenly falls silent and the emptiness behind the gates symbolizes its doom. Or the mothballed factories in the manufacturing cluster of Sriperambudur near Chennai. Now thousands of laid-off youth from Nokia and Foxconn are entering the unemployment pool.Rough estimates suggest over 20,000 direct jobs from the two telecom factories were slashed, and thousands more in ancillary roles.
CHENNAI: Indicating that there were no more production orders for employees to work for at its Sriperumbudur unit near here, Taiwan-based electronics parts maker Foxconn today said it has completed them and all its employees were placed on “paid-holiday-leave” status. “FIH Mobile confirms that employees at our India operation, FIH India Private Limited in Chennai, have been placed on paid-holiday-leave status from December 22 as that facility has completed all of its production orders”, the Taiwan based firm said in a statement.
CHENNAI: As Taiwan-based contract manufacturer Foxconn prepares to suspend operations at its facilities here, employee unions have threatened to launch a protest if the company stops production from tomorrow. According to Foxconn India Employees Union, the handset maker has decided to suspend its operations from tomorrow itself. The company had announced to suspend operations at its Chennai facilities from December 24 following closure of Nokia plant, which was a major customer of Foxconn.
The Foxconn Group needs to hire more talent from outside to accomplish its goal of transforming its operations from manufacturing to a trading-centric approach, according to industry sources. To reach the goal of sustainable growth, the group is currently promoting the establishment of a corporate culture that will be based on innovation, creativity and entrepreneurship, and therefore is mapping plans to hire more talent, revealed the sources.