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 ...
Sharp projects first profit in four years on Foxconn's cost cuts
Sharp said on Friday it expects to report its first net profit in four years in the year through March 2018 due in part to cost-cutting under the aegis of Taiwan's Hon Hai Precision Industry (Foxconn). The liquid crystal display manufacturer forecast profit of ¥59 ...
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 ...
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 ...
Sharp trims full-year loss outlook due to cost cuts, display profits
Sharp Corp. narrowed its full-year loss outlook after posting its first quarterly profit in more than two years, lifted by cost reductions and a turnaround in the display business. The net loss will reach ¥37.2 billion ($329 million) in the year ending March 31, the ...
Hon Hai profit drops a third straight quarter on phone slowdown
Hon Hai Precision Industry Co.'s profit fell for a third straight quarter, reflecting the impact of a global slowdown in demand for smartphones. Net income dropped 31 percent to New Taiwan dollars 17.7 billion ($565 million) in the three months ended June, according to an ...
