Foxconn's Terry Gou announced Friday he is stepping down as chairman of the major contract electronics maker formally known as Hon Hai Precision Industry Co. but will remain on its board as he campaigns to become president of Taiwan. Board members subsequently elected Young Liu, ...
Trump EPA overruled career staff on smog at Wisconsin county seeking to host key plant, emails show
Politically appointed U.S. environmental officials last year overruled concerns of career scientists about air pollution in a Wisconsin county where U.S. President Donald Trump has pushed for a factory to be built by Foxconn Technology Co., newly released internal emails show. Trump has been ...
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 ...
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 ...
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 ...
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.
Apple-backed billionaire Terry Gou presses hard to buy Toshiba chip unit
Terry Gou, the billionaire behind Apple Inc.'s iPhone factories, is pressing his case to acquire Toshiba Corp.'s memory chips business in a last ditch effort to beat out two American buyout firms in the tumultuous auction. Gou's Foxconn Technology Group has broad support for its ...
Apple CEO promised to build three 'big' plants in U.S., Trump tells WSJ
Apple Inc. Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying. "I spoke to (Cook), he's promised me three big plants — big, big, big," Trump told ...
