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......»»
Ford invests in hybrids and battery recycling amid EV transition, company vice president says
Lisa Drake spoke about strategy changes that Ford has made involving EVs, as part of a keynote discussion at the Automotive News Leading Women Conference......»»
Vietnam urges Apple supplier Foxconn to cut power use by 30% amid energy concerns
Vietnamese officials have asked Apple supplier Foxconn to voluntarily reduce power usage by 30% at its northern assembly plants to prevent power shortages like last summer, which led to over a billion dollars in lost output. more….....»»
Vietnam again asks iPhone maker Foxconn to reduce electricity use
Manufacturers including iPhone maker Foxconn have been asked by Vietnamese officials to voluntarily cut their power usage by 30%.Vietnam at nightVietnam's government made a similar request of Foxconn and others in June 2023, at a point when drought i.....»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»
Foxconn saw best-ever April revenues partly because of better than expected iPhone demand
Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.Workers in a Foxconn factoryIn March 2024, Foxconn's parent company Hon Hai Precision.....»»
Apple"s iPhone factory shift has left a ghost town behind in China
Foxconn is closing factories in China as iPhone production moves elsewhere, and impacts beyond industry have been made crystal clear in a new video.A Foxconn facility signApple has long operated its production in China, but in recent years it has bee.....»»
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026......»»
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.....»»