Taiwan’s Foxconn, the world’s largest contract electronics maker and the biggest assembler of Apple’s iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April. Foxconn said in a statement that this year’s second quarter “remains a traditional off-peak season, and major products are entering a … Read more
Taiwan’s Foxconn has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of the world’s largest contract electronics maker, chairman Young Liu said on Wednesday. Reuters exclusively reported last week that major Apple supplier Foxconn was considering introducing a rotating chief executive system in a move … Read more
Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters. For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from … Read more
Apple supplier Foxconn Technology Group said on Thursday it expects revenue to increase significantly in 2024 following a slow start to the year amid booming demand for artificial intelligence (AI) servers, after it posted fourth-quarter profit that beat market estimates. The outlook has turned rosier since Foxconn chairman Liu Young-way said in November that the world’s … Read more
In a message to Beijing, India for the first time conferred one of its highest civilian awards upon a person from Taiwan on Thursday. Liu Young-way, the CEO of Foxconn, the world’s biggest maker of electronic components headquartered in Taipei, was chosen for the Padma Bhushan, India’s third-highest civilian honour. Liu, 66, will be presented … Read more
New Delhi: Taiwanese contract manufacturer Foxconn has received approval to invest at least $1 billion more in a plant in India that will manufacture Apple products, a significant step towards its aim of establishing a hub outside of China, a media report said on Wednesday. Bloomberg reported citing sources that Foxconn intends to spend the … Read more
