Hon Hai Precision Industry

Foxconn builds world’s largest Nvidia superchip production facility in Mexico amid AI boom

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Foxconn builds world’s largest Nvidia superchip production facility in Mexico amid AI boom

Foxconn, the world’s largest contract electronics manufacturer and Apple’s biggest iPhone assembler, has been benefiting from the artificial intelligence (AI) boom, as it assembles servers used to process AI systems. “We’re building the largest GB200 production facility on the planet,” said Benjamin Ting, senior vice-president at the cloud enterprise solutions business group of Foxconn, formally … Read more

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

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Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Apple’s main contract manufacturing partner, Foxconn Technology Group, said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted by demand for servers powering artificial intelligence (AI) applications. The Taiwan-based company, formally known as Hon Hai Precision Industry, said on Wednesday that net income … Read more

China’s supply chain under scrutiny amid report HP shifting more PC production overseas

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China’s supply chain under scrutiny amid report HP shifting more PC production overseas

United States-based personal computer giant HP said it remains committed to its operations in China after denying a report that it was shifting more production outside the world’s second-largest economy, which sparked fresh scrutiny of the mainland’s manufacturing supply chain. HP – the world’s second-largest PC vendor behind Lenovo Group, according to research firm IDC … Read more

Apple supplier Foxconn to invest in two projects in Vietnam to diversify supply chain

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Apple supplier Foxconn to invest in two projects in Vietnam to diversify supply chain

Apple supplier Foxconn to invest in two projects in Vietnam to diversify supply chain The company has been granted a licence for a US$264 million project in Song Khoai Amata Industrial Park to produce smart entertainment products, with designed capacity of about 4.2 million units per year, according to a posting on the provincial government’s … Read more

Foxconn sees record April sales with 19% jump, offers positive Q2 outlook despite ‘off-peak season’

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Foxconn sees record April sales with 19% jump, offers positive Q2 outlook despite ‘off-peak season’

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

Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales

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Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales

Taiwan’s Foxconn Technology Group, the world’s largest electronics contract manufacturer 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, formally known as Hon Hai Precision Industry, said in a statement that this year’s second quarter “remains a … Read more

China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

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China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

According to data released by Zhengzhou’s local customs authority, Henan’s smartphone exports totalled 6.65 million units in the first quarter, down 60.1 per cent from the same period last year. The customs data did not provide a breakdown of the handset exports by brand. An iPhone assembly line worker checks one of the devices made … Read more

iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

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iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

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

Who’s the new Nvidia? Wall Street hunts for next wave of AI winners beyond the US

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Who’s the new Nvidia? Wall Street hunts for next wave of AI winners beyond the US

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink … Read more

Foxconn expects big revenue jump in 2024 after slow start to the year amid booming AI demand

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Foxconn expects big revenue jump in 2024 after slow start to the year amid booming AI demand

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