Taiwan’s Foxconn Technology Group (Hon Hai), a major contractor for Apple, has plans to invest US$3.5 billion in India in the coming years to produce a wide range of electronic devices, Indian daily the Business Standard reported Monday. “We’re looking at a US$3.5 billion investment in India in the next two to three years. This would span across smartphones, software, TVs and other electronics,” the English-language newspaper quoted Foxconn vice president Josh Fougler as saying.
India’s Economic Times reported Saturday that the Foxconn Technology Group will soon invest in three new production units in India that could be used in part to assemble iPhones for Apple. Foxconn, the trading name of the Taiwan-headquartered Hon Hai Precision Industry, is planning production facilities in the states of Gujarat and Uttar Pradesh and a trial unit geared toward R&D and new product development in Andhra Pradesh, the report said.
The third version of China’s data center server technology standard project led by China-based Baidu, Alibaba and Tencent are set to be announced at the end of 2015 and the project will cover more standards and adopt a modularized design to help reduce China data centers’ server purchasing costs, according to sources from the upstream supply chain. China launched the first version of the project in 2012 and the second in 2014 and the project is rather similar to the Open Compute Project (OCP) that Facebook has been aggressively promoting.
Apple has teamed up with Foxconn to sell second-hand iPhones, Guangzhou-based Southern Metropolis Daily reports. Apple will reclaim the used iPhone smartphones and resell them to consumers after maintenance via Foxconn’s e-commerce subsidiaries, eFeihu and FLNet. Initial cooperation will focus on the iPhone4 and later models, as well as the iPad series. According to Apple, it will buy back used iPhone4S models for 500 yuan (US$81), and resell them for 899 yuan (US$145) with a one-year guarantee.
Hewlett-Packard (HP) has recently unveiled its new Cloudline series cloud computing servers, manufactured and developed by Foxconn Electronics (Hon Hai Precision Industry) and the two firms’ cooperation is expected to fuel competition in the datacenter server industry in the second half of 2015, according to sources from the upstream supply chain. HP currently has three server models under its Cloudline series all using Intel’s Xeon E5 V3 processors and has started accepting orders for them since the end of March.
Foxconn Electronics has introduced robots to automated production lines at its factory in Kunshan, eastern China, reducing labor from 80,000 workers to 40,000 and doubling its production value, according to a Chinese-language Xinhuanet report. The average cost of a worker is about CNY50,000 (US$8,000) a year. A robot costs CNY130,000 but it is equivalent to three workers because it is able to work 24 hours a day, noted the report citing a Foxconn executive as saying.
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).