Tag - hon-hai

 
 

HON HAI

With Apple’s business making up more than half of the company's revenue, investors are watching Hon Hai for clues on iPhone sales.
BUSINESS / Tech
May 6, 2024
iPhone maker Hon Hai hits a record high buoyed by AI and Apple
Hon Hai makes most of the world’s iPhones, but is now diversifying to focus on building datacenter server racks and other equipment for AI clusters.
The Hon Hai Precision Industry Co. headquarters in New Taipei City, Taiwan
BUSINESS / Companies
Oct 23, 2023
Beijing probes Foxconn amid spate of arrests at foreign firms
China often does not explain publicly the actions taken by its regulators, leaving companies guessing at the ultimate goals of the government.
Japan Times
BUSINESS / Companies
Jun 23, 2022
Sharp will make English its official language in a year, says CEO Wu Po-hsuan
The company, headquartered in the city of Sakai, in Osaka Prefecture, plans to expand its overseas business by strengthening human resource development.
Japan Times
BUSINESS / Companies
Aug 5, 2020
Sharp eyes 2020 net profit doubled with supply chain recovery
Sharp Corp. said Wednesday it expects a 2.4-fold increase in net profit for the current business year through next March to ¥50 billion ($473 million) as its supply chains disrupted by the coronavirus pandemic return to normal.
Japan Times
BUSINESS / Companies
Nov 1, 2019
Sharp sees net profit fall 33.1% in April-September, attributes decline to weak TV sales
Sharp Corp. said Friday its group net profit in the April-September period fell 33.1 percent from a year earlier to ¥27.40 billion ($254 million), due to weak TV sales in overseas markets.
Japan Times
BUSINESS / Companies
Jun 25, 2019
Sharp back in 'normal mode' after buying back shares issued during crisis
Sharp Corp. said Tuesday it has returned to "normal mode" after completing the purchase of all preferred shares it issued to financial institutions during its crisis four years ago.
Japan Times
BUSINESS / Companies
Jun 21, 2019
Terry Gou resigns as Hon Hai chairman to pursue Taiwan presidency, hands reins to Sharp board member Liu
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.
Japan Times
BUSINESS / Companies
May 9, 2019
Sharp to re-enter U.S. TV market after reaching agreement with Hisense on brand rights
Sharp Corp. said Wednesday it will re-enter the U.S. TV market for the first time since 2015 after reaching a deal with Chinese electronics maker Hisense Group on rights to sell its brand in the world's largest economy.
Japan Times
BUSINESS / Companies
Nov 22, 2018
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.
Japan Times
BUSINESS / Companies
Aug 3, 2018
Sharp plans to halt domestic production of major appliances
Sharp Corp. plans to pull out from domestic production of major appliances and shift to overseas manufacturing as part of streamlining efforts under Taiwanese parent Hon Hai Precision Industry Co., a source said Friday.
Japan Times
BUSINESS / Companies
Aug 1, 2018
Sharp's net profit rises 32% as cost-cutting efforts pay off
Sharp Corp. said Tuesday its group net profit in the April to June period rose 32.6 percent from a year earlier to ¥19.20 billion ($172 million) as cost-cutting efforts paid off in its display business.
Japan Times
BUSINESS / Companies
Apr 26, 2018
Sharp posts first net profit in four years on solid LCD sales
Sharp Corp. said Thursday it posted its first group net profit in four years in fiscal 2017, helped by its core liquid crystal display business.
Japan Times
BUSINESS / Companies
Apr 2, 2018
Sharp streamlines Malaysian operations under Hon Hai leadership
Electronics firm Sharp Corp. has merged two Malaysian arms to streamline business operations in the Southeast Asian country in line with restructuring policy under Taiwanese parent Hon Hai Precision Industry Co.
BUSINESS / Companies
Mar 26, 2018
Toshiba unable to sell chip unit by end of March as Chinese antitrust approval holds up deal
Toshiba Corp. said Monday it will be unable to sell its prized memory chip unit by the end of March as planned, as it has not yet received approval from Chinese antitrust regulators.
Japan Times
BUSINESS / Companies
Feb 12, 2018
Hon Hai's Terry Gou plots move beyond iPhone assembly to AI and big data
Hon Hai Precision Industry Co. Chairman Terry Gou says that over the next few years he plans to focus the company's direction on artificial intelligence and big data.
Japan Times
BUSINESS / Companies
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.
BUSINESS / Companies
Jan 31, 2018
Sharp returns to black in April-December period for first time in four years
Sharp Corp. reported Wednesday a consolidated net profit of ¥55.38 billion ($509 million) for the nine months through December, its first black ink for the period in four years due to recovering sales and cost cutting.
Japan Times
BUSINESS / Companies
Dec 23, 2017
Sharp to add three co-CEOs on Jan. 1
Sharp Corp. said Saturday it will appoint three co-CEOs on Jan. 1 to lead the electronics maker alongside its sole CEO and President Tai Jeng-wu.
Japan Times
BUSINESS / Companies
Dec 22, 2017
Sharp to appoint three co-CEOs in January following return to TSE's first section
Sharp Corp. will appoint three co-chief executive officers at the start of 2018 to lead the electronics maker alongside president and current sole CEO Tai Jeng-wu, company sources said Friday.
Japan Times
BUSINESS / Companies
Dec 7, 2017
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.

Longform

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