NEWSWORTHY
Trump met with Foxconn CEO about ever-changing Wisconsin project
Foxconn Technology Group CEO Terry Gou has met with President Donald Trump to discuss the company's ever-changing Wisconsin project. Foxconn confirmed the meeting on Thursday but offered few details on what was discussed. Wisconsin Gov. Tony Evers says Foxconn approached him about changing the state's ...
Foxconn's Terry Gou says he will follow order of sea goddess to run for Taiwan presidency
Foxconn founder Terry Gou has claimed divine endorsement for his bid to become Taiwan's president: support of the Chinese sea goddess Mazu. The billionaire told reporters after visiting a New Taipei City temple Wednesday that the goddess had encouraged him to "come forward" to support ...
Foxconn's Terry Gou eyes run for Taiwan presidency after stepping back from daily business
Foxconn's Chairman Terry Gou said Tuesday he is considering whether to run for Taiwan's 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world's largest contract manufacturer. Speaking on the sidelines of an event to mark the 40th ...
Hon Hai rethink of Wisconsin LCD screen plant plan flies in face of Trump job-creation boast
Hon Hai Precision Industry Co. said Wednesday it is shifting the focus of its planned Wisconsin campus away from blue-collar manufacturing to a research hub, while insisting it remains committed to creating 13,000 jobs as promised. The much-ballyhooed facility was heralded by President Donald Trump ...
CEOs at Davos sour on Trump policies, warning they hurt business and investment
From center-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. It hasn't quite turned out that way. Foreign direct investment to the United States fell in 2018, and companies gathered at the World ...
As demand slows, Apple iPhone supplier Foxconn plans deep cost cuts
Foxconn Technology Group, the biggest assembler of iPhones, has become the latest Apple Inc. supplier to warn of anemic demand, with an internal memo suggesting that expenses will be cut by almost a half next year. The contract manufacturer aims to cut $2.9 billion from ...
U.S. taxpayers count the cost of Foxconn's artful deal in Wisconsin
Whatever Americans were hoping for when they elected Donald Trump president in 2016, it's a fair bet that it didn't include shoveling billions of dollars of American taxpayer money to foreign companies to build white-elephant factories. But it looks as if that is what's happening ...
Hon Hai joins Wisconsin firms to forge $100 million investment fund to aid tech startups
Hon Hai Precision Industry Co. will partner with three major Midwestern U.S. companies to create a $100 million fund to help launch technology startups around the world, the companies announced Tuesday. The Taiwanese electronics giant, Advocate Aurora Health, Johnson Controls and Northwestern Mutual will each ...
Sharp cancels new share sale, blaming market instability caused by U.S.-China trade tensions
Sharp Corp., the electronics-maker controlled by Foxconn Technology Group, canceled plans to raise as much as ¥200 billion ($1.8 billion) in a public share sale, blaming market instability fueled by U.S.-China trade tensions. The Osaka Prefecture-based company, which had planned to use the proceeds to ...
Amid Harley-Davidson feud, Trump brags about economy at future FoxConn factory site
U.S. President Donald Trump highlighted his economic policies Thursday at the groundbreaking for a massive $10 billion FoxConn factory complex that may bring thousands of jobs to Wisconsin, a state he barely carried in the 2016 presidential election. At the same time, Trump kept ...
Foxconn Industrial Internet Co., is seeking to use proceeds from an initial public offering in China to bankroll 27.3 billion yuan ($4.3 billion) investment in next-generation projects. A unit of Hon Hai Precision Industry Co., the Taiwanese manufacturing giant responsible for making Apple iPhones and ...
Resurgent Sharp returns to TSE's first section after 16-month absence
The electronics giant, recovering under the wing of new parent Hon Hai Precision Industry Co., had been demoted about 16 months earlier to the second section.
