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.
Foxconn Electronics (Hon Hai Precision Industry) will sign agreements with Administration Commission of Zhengzhou Airport Economic Comprehensive Experimental Area in China by the end of 2014 to establish an airborne logistic hub 2km east of the airport. The hub is set to be fully completed in six years and after the completion, Foxconn’s e-commerce business headquarters will also be set up there.
Xu Lizhi was a 24-year-old factory worker at Foxconn, the Taiwanese-owned Chinese manufacturer responsible for making a lot of our fancy electronic gadgets, including most of Apple’s products. Since the scandal over Foxconn’s worker suicides several years ago, employee suicides have often made the news, but Xu’s death following his leap from a dorm on the Foxconn campus is different. Xu was a poet, and a lot of his work has been published posthumously, both in newspapers and online.
Foxconn Electronics (Hon Hai Precision Industry) has announced consolidated revenues of NT$469 billion (US$15.35 billion) for October, up 12.89% on month and 22.58% on year, mainly thanks to its strong consumer electronics shipments, while its PC and communication products also achieved steady on-month shipment growth. For the first 10 months of 2014, revenues amounted NT$3.18 trillion, increasing 5.82% from a year earlier.
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.