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.
Taiwanese electronics manufacturer Foxconn Technology Group, which produces everything from Apple’s iPhone and Microsoft’s Xbox One to HP servers, has patented two data center containers, each with a different cooling system, and a system for powering containers with solar panels. In addition to manufacturing HP’s commodity x86 servers for web-scale data centers, Foxconn also produces HP’s data center modules called EcoPod. But the original design manufacturer has also been growing its own data center container business.
Foxconn Electronics (Hon Hai Precision Industry) is hiring talent to develop a logistic system for its e-commerce business to help speed up product deliveries and is looking to build the system via its existing logistic system for IT product shipments, according to sources from the upstream supply chain. Eyeing the development potential of the e-commerce business, the Foxconn Group has begun to enhance its presence in the segment in China by promoting its own online shopping platform, flnet.com.
FIH Mobile, the handset arm of Foxconn Electronics, will officially close its handset assembly plant in Chennai, India on December 24, 2014, according to the company. A total of 1,700 employees of the plant will be affected, and the company has promised to cooperate with the local government and labor union to lay off or hand out compensations in accordance with relevant regulations, FIH said.
With Internet of things (IoT) applications growing popular, many Taiwan-based ODMs and EMS providers are planning to establish fund-raising platforms to attract partnerships with designers worldwide, according to sources from the upstream supply chain. Foxconn Electronics (Hon Hai Precision Industry) established the kick2real website in April, while Quanta Computer is also considering establishing a similar platform.
Foxconn Electronics (Hon Hai Precision Industry) has announced that its subsidiary Foxteq Holdings sold 211,354 shares of GoPro stock at US$75 per share and earned US$15.85 million from the trade, according to a company filing with the Taiwan Stock Exchange (TSE). The transaction generated profits of US$12.4 million for Foxteq and the company currently still has a 7.37% stake in GoPro, equivalent to 9.41 million shares.
With the now-fledging wearables market set to explode thanks to Apple’s upcoming smartwatch, many hardware startups are looking for creative ways own wristband real estate. Taiwan’s JoyRay is hedging its bets youngsters with Jumpy, a smartwatch for kids that’s currently raising funds on Kickstarter.
Foxconn Electronics, Alibaba and 21 Vianet Group on November 26 jointly signed with the city government of Guiyang, southwestern China, to set up a citywide network of Wi-Fi hot spots to provide free Internet-access services, according to Foxconn. The first phase of the Wi-Fi network will come into operation in June 2015 and the entire network will be completed in three years, Foxconn said.