Profits up by a third
A chip shortage and strong demand for its partners profits pushed Foxconn’s profits up by nearly a third on last year.
Donating them to the government to bypass China ban
Foxconn and TSMC have agreed to buy 10 million COVID-19 vaccine doses for the island of Taiwan. The two companies will be paying up to $35 a dose of the BioNTech vaccine and donating them to the government.
Work from home spin-off
Taiwan's Foxconn forecast a 15 percent rise in second-quarter revenue as the work-from-home boom spurred by the COVID-19 pandemic extends, boosting demand for consumer devices.
We were wondering when this would happen
Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, which former US President Donald Trump once called "the eighth wonder of the world".
Might buy the Vietnamese production lines
Taiwan’s Foxconn is in early-stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles.
COVID-19 pandemic spin-off
Foxconn said it expects first-quarter revenue to rise more than 15 percent from a year earlier thanks to increased demand for electronics during lockdowns worldwide to curb the COVID-19 pandemic.
Tried turning it off and back on again
Apple supplier Foxconn said the internet connection in its facility in Americas has gradually returned to normal after it was attacked by ransomware.
Wants its own personal Vietnam instead
Foxconn is rumoured to be moving some iPad and MacBook assembly to Vietnam from China at the request of Apple.
Will assemble servers for Google
Foxconn plans to assemble key components for Google servers from its plant in Wisconsin, people familiar with the matter said, finally breathing life into a factory Donald Trump hailed as crucial to bringing manufacturing back to the US.