Foxconn unit planning $4 billion investment after China IPO

Business / Corporate Feb 10, 2018

Foxconn unit planning $4 billion investment after China IPO

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 ...

Hon Hai posts surprise profit rise after record iPhone sales

Business / Corporate Mar 31, 2017

Hon Hai posts surprise profit rise after record iPhone sales

Hon Hai Precision Industry Co. reported an unexpected rise in quarterly earnings after the main assembler of Apple Inc.'s devices rode record iPhone sales during the pivotal holiday shopping period. The world's biggest contract manufacturer of electronics reported a 30 percent increase in net income ...

Business / Corporate Feb 20, 2017

Apple's upcoming iPhone release keeping Foxconn unit vibrant

Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria. Hon Hai Precision Industry Co., the main assembler of the U.S. company's smartphones, has gained 29 percent ...