Buoyed by their impressive performance, the companies are busy expanding into new products and places. Contract manufacturers have also been expanding into new industries. In October Foxconn unveiled two new electric-vehicle designs,
Apple's iPhone assembly partner Foxconn has asked the Indian government for larger payments from a manufacturing fund, because other companies failed to meet standards.
Leading market analysts highlighted Foxconn's surprise Q4 performance, with Jim Cramer suggesting investors may have overlooked the company.
This matters because Foxconn is the world’s top contractor manufacturer for electronics, and counts Apple, HP, and Dell among its consumer-facing clientele, and deals directly with hyperscalers who rely on the company to produce their servers and other infrastructure.
Steve Jobs unveiled the revolutionary iPhone, transforming the tech world and making Apple the most valuable company today.
The government pledged a total of Rs 41,000 crore ($4.8 billion) in subsidies to manufacturers, and part of that remains unallocated because some companies didn't meet estimated production targets
Donald Trump term means the Apple CEO will need to find ways to keep his supply chain in China out of any potential trade disputes.
The Taiwan-listed assembler of Apple and Nvidia products posted record revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial intelligence technologies.
Foxconn and Dixon Technologies are requesting subsidies from India’s production-linked incentive program, claiming they are eligible for unallocated funds. The government pledged 410 billion rupees in subsidies,
Global semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.
India will soon offer a combination of subsidies and tariff reductions designed to lower the cost of production for Apple and other smartphone manufacturers. The program is part of the Indian government’s broader effort to become a major global manufacturing hub, according to a report from Bloomberg.