Foxconn assisting China smartphone vendors, looking to reduce reliance on Apple

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.

http://www.digitimes.com/news/a20140929PD206.html

Foxconn to invest in signature technology developer AirSig

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.

http://www.digitimes.com/news/a20140903PD208.html

Foxconn taking aggressive moves to enter IoT industry

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.

http://www.digitimes.com/news/a20140820PD217.html

Taiwan’s Hon Hai Q2 net profit up 19%

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.

http://www.thestar.com.my/Tech/Tech-News/2014/08/14/Taiwans-Hon-Hai-Q2-net-profit-up-19/

Foxconn has not made GoPro products: CEO

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.

http://www.chinapost.com.tw/business/asia-taiwan/2014/08/11/414572/Foxconn-has.htm

Foxconn turns sights to robots, electrics cars, wearables

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.

http://mis-asia.com/tech/industries/foxconn-turns-sights-to-robots-electrics-cars-wearables/

Foxconn said to be parting ways with Cybermart

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.

http://www.digitimes.com/news/a20140610PD203.html

Foxconn chief talks up ecosystem beyond devices

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.

http://www.mobileworldlive.com/foxconn-chief-talks-ecosystem-beyond-devices

Apple’s iPhone Manufacturer Morphs Into a Wireless Carrier

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.

http://www.wired.com/2014/05/foxconn-wireless/

Foxconn rumored to land 5.5-inch iPhone orders; Wistron gets 4-inch phone orders

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.

http://www.digitimes.com/news/a20140527PD205.html?mod=3&q=APPLE

Foxconn to expand outside manufacturing with $390M telecom merger

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.

http://venturebeat.com/2014/05/27/foxconn-to-expand-outside-manufacturing-with-390m-telecom-merger/

Foxconn goes mobile

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.

http://news.techeye.net/mobile/foxconn-goes-mobile

HP, Foxconn Establish Cloud Server Joint Venture

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.

http://www.chinatechnews.com/2014/05/08/20499-hp-foxconn-establish-cloud-server-jv

Foxconn developing energy-efficiency containerized data centers

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.

http://www.digitimes.com/news/a20140516PD202.html

Foxconn To Set Up Servers For Cloud Computing With HP Subscribe Today

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.

http://m.newshunt.com/in/english/ciol/home/foxconn-to-set-up-servers-for-cloud-computing-with-hpsubscribe-today_29170805

HP invests US$1bn into shift to cloud market

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.

http://www.itnews.com.au/News/384814,hp-invests-us1bn-into-shift-to-cloud-market.aspx

HP, Foxconn to Jointly Build Servers for Clouds

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.

http://www.eweek.com/servers/hp-foxconn-to-jointly-build-servers-for-clouds.html

Foxconn invests $2.2 million into microblogging company Mig33

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.

http://www.techinasia.com/foxconn-invests-22m-microblogging-company-mig33/

Foxconn, SingTel invest $3.2M in smart video surveillance by Singapore startup

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.

http://www.techinasia.com/singapore-startup-32m-foxconn-singtel-cctvs-smart/

Commentary: Foxconn relies too heavily on Apple

TAG indexFoxconn 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.

http://www.digitimes.com/news/a20140418PD207.html