Foxconn invests in AutoCore.ai
Foxconn Electronics and others have jointly invested about CNY100 million (US$15.5 million) in AutoCore.ai, which is devoted to autonomous driving development, in pre-Series A funding round, according to Foxconn......»»
Tim Cook visits Singapore as Apple invests in a $250 million AI campus expansion
CEO Tim Cook has continued his tour of Asia by visiting Singapore, where he announced that Apple will spend $250 million to expand its existing campus there.Apple Marina Bay Sands store, SingaporeApple does not release Tim Cook's schedule in advance,.....»»
Tim Cook visits Singapore as Apple invests $250 million
CEO Tim Cook has continued his tour of Asia by visiting Singapore, where he announced that Apple will spend $250 million to expand its existing campus there.Apple Marina Bay Sands store, SingaporeApple does not release Tim Cook's schedule in advance,.....»»
Alethea raises $20 million to combat disinformation campaigns
Alethea announced the close of a $20 million Series B funding round led by GV, with participation from Ballistic Ventures, who led Alethea’s Series A funding in 2022. Also participating in the round is Hakluyt Capital, which invests alongside l.....»»
Apple is now assembling the 6.1-inch iPhone 15 in Brazil
While China is still responsible for manufacturing most of Apple’s devices, the company does have some assembly facilities around the world. One of these facilities is Foxconn Brazil, located in São Paulo. There, Apple is now assembling the ......»»
Apple COO Jeff Williams in Taiwan for Foxconn’s 50th, as Tim Cook steers clear
Apple’s chief operating officer Jeff Williams is in Taiwan as a guest of honor for Foxconn’s 50th anniversary celebrations. He’s reportedly joined by his deputy, Sabih Khan. The rare visit is likely a compromise, enabling the occasion to be.....»»
Apple"s Jeff Williams is in Taiwan for Foxconn"s 50th anniversary
Apple Chief Operating Officer Jeff Williams has traveled to Taiwan, on a trip to mark the 50th anniversary of Foxconn.Apple COO Jeff WilliamsFoxconn held a gala celebration in Taipei on Tuesday night, as part of its celebrations for the 50th annivers.....»»
Disney invests $1.5B in Epic Games, plans new “games and entertainment universe”
Major move continues Disney's decades-long, up-and-down relationship with gaming. Enlarge / What is this, some sort of "meta universe" or something? (credit: Disney / Epic) Entertainment conglomerate Disney has announced.....»»
Toyota invests another $1.3 billion for EV production in Kentucky
The automaker will build a three-row EV in the US in 2025. Enlarge / Toyota Kentucky currently churns out Camry sedans, but from next year it will also make electric vehicles. (credit: Toyota) Toyota's factory in Georget.....»»
Toyota invests $1.3 billion more into Kentucky plant for EVs
Toyota will add $1.3 billion into its massive Kentucky assembly plant to build battery assemblies for future EVs and support "future electrification efforts.".....»»
NASA invests in new nuclear rocket concept for the future of space exploration and astrophysics
In the coming years, NASA plans to send several astrobiology missions to Venus and Mars to search for evidence of extraterrestrial life. These will occur alongside crewed missions to the moon (for the first time since the Apollo Era) and the first cr.....»»
Stellantis invests in French sodium-ion battery startup Tiamat
Sodium-ion batteries could offer an alternative to lithium, especially for inexpensive short-range EVs......»»
Foxconn expects Q1 revenue drop as iPhone demand falls
Apple's largest manufacturer says that Q4 2023 revenues for all of its business, including the iPhone, declined 5.4% year on year, and that it believes a slowing demand will also impact Q1 2024.Back in August 2023, Foxconn reported that its profits c.....»»
Apple"s suppliers have so far spent $16 billion to move from China
New research says that Apple's suppliers including iPhone manufacturer Foxconn have invested $16 billion since 2018, in an increasing plan to move or reshore manufacturing away from over-reliance on China.Foxconn is one of many Apple suppliers workin.....»»
Major ramp-up in Apple’s plans to shift production from China, as Foxconn quadruples investment in Indian plant
We’re today learning of a major acceleration in plans to shift more production of Apple devices from China to India. In less than one year, Foxconn has increased its planned investment in an Indian plant by almost 400%. It follows a recent repor.....»»
Foxconn pours another $1 billion into India expansion
The Indian government announced this week approval of Foxconn's plan to invest an additional $1 billion in a manufacturing plant expected to produce the iPhone.Mumbai, IndiaThe Karnataka government acknowledged Tuesday it had approved a 139.11 billio.....»»
iPhone assembler Foxconn expects strong sales for the holiday quarter
iPhone assembler Foxconn had already predicted “significant growth” during the holiday quarter, but now says that October and November have been even stronger than expected. The company told investors that its November revenue hit T$650 billio.....»»
Foxconn"s expansion into India isn"t going as well as hoped
Apple supplier Foxconn is struggling to get its factories in India to operate efficiently, with employees citing language barriers, culture clashes, and difficulty adapting to strenuous schedules.FoxconnFoxconn began production of iPhone in India sta.....»»
iPhone maker Foxconn plans extra $1.54 billion plant in India
Foxconn is doubling its investment in India with a further $1.54 billion going to a further manufacturing plant that is expected to produce iPhone.Production in a Foxconn facilityApart from pulling out of a $19.5 billion joint venture for processor m.....»»
Foxconn founder Terry Gou withdraws Taiwanese presidential bid, to likely relief of Apple
Foxconn founder Terry Gou has withdrawn his bid to become the next president of Taiwan, issuing a somewhat opaque statement which included the phrase “stop, reset, restart.” Whatever Gou’s exact meaning, it seems that he is out of the race f.....»»
Foxconn decarbonization rating a weak D+, says Greenpeace
A new report has criticized Foxconn’s decarbonization credentials, rating the iPhone assembler at D-plus – the second lowest rating of any final assembly company. The rating is likely to focus attention on the feasibility of Apple’s environment.....»»