Still rose by 18 per cent
Taiwan’s Foxconn, the world’s top contract electronics maker and a key Apple supplier, posted an 18.3 percent rise in third quarter net profit. This figure was well below what analysts had been expected.
Might upset the subsidy
A Wall Street Journal article claims Foxconn is looking to transfer some of its Chinese workers to Wisconsin in time for its new factory opening in Racine.
May not help “make America grate” after all
Foxconn has scaled back plans for the heavily subsidised Wisconsin Gigafactory.
As storms of trade war loom
Foxconn reported a 30 percent jump in September revenue to $18.8 billion in September, extending a streak of double digit growth since May.
Bringing in the Taiwanese as the Americans flee to EU
US President Donald Trump praised Taiwanese high-tech company Foxconn and vaguely threatened US motorcycle maker Harley-Davidson which is threatening to move some of its operations to the EU.
It is our biggest challenge
Foxconn says the US and Chinese governments are engaged in a technology war, not a trade war, describing the spat as its most significant challenge.
Someone has done an intervention
It appears that Foxconn is getting increasingly worried about its dependence on the fruity cargo cult Apple.
Writes a $36 million cheque
Sharp said it would buy Toshiba's personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.
Suddenly no-one is mentioning Apple
When Foxconn announced that it was going to be building an LCD screen plant in Wisconsin, the Tame Apple Press cheered pointing out the plant would be making screens for their favourite computers. But now the project has hit a snag - the Tame Apple Press appears to have forgotten Apple's connection to Foxconn.
2.7 million gallons of the water will disappear
Wisconsin Department of Natural Resources granted permission to Taiwanese tech manufacturer Foxconn, best known for assembling Apple's iPhones, to siphon off seven million gallons of water per day from Lake Michigan.