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Schneider shares hit upper circuit on parent co's AI dealSchneider Electric Infrastructure shares saw a significant jump. This followed an announcement by its French parent, Schneider Electric. Th...- Deeptech startup Ethereal Machines raises $28.5 million from Avataar Ventures, Peak XV, othersDeeptech startup Ethereal Machines secured $28.5 million in funding. This capital will fuel the construction of a large manufacturing facil...
- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- HCL-Foxconn selects CTCI as EPC partner for Uttar Pradesh semiconductor facilityThe HCL-Foxconn joint venture has appointed Taiwanese firm CTCI as the EPC partner for its upcoming semiconductor assembly and testing faci...
- Apple’s Tim Cook takes on crucial new role: Global ambassadorTim Cook steps into a new role as executive chairman, dedicating more time to global diplomacy for Apple. He will engage policymakers world...
- Taiwan's Foxconn books 2% fall in fourth-quarter profit, lags forecastsNet profit for October-December for Nvidia's biggest server maker and Apple's top iPhone assembler was T$45.51 billion ($1.42 billion), ve...
- Taiwanese electronics firm Foxconn's Q3 profit rises 17%, beats forecastsFoxconn reported a 17% rise in third-quarter profit to $1.89 billion, beating forecasts, driven by strong demand for AI servers. The Apple ...
- Foxconn sees robust AI demand as second-quarter profit tops forecastThe company said artificial intelligence server revenue is expected to leap more than 170% year-on-year in the coming quarter, though it al...
- Foxconn India revenue rises to over $20 billion, employee count up at around 80,000Foxconn more than doubled its India revenue to over $20 billion in FY 2024-25, driven by iPhone production. Its workforce grew 65% to 80,00...
- After iPhone, Foxconn’s next big revenue project in India is AI serversContract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run...
- iPhone maker Hon Hai plans $1.6 billion in India expansion bidThe announcement, made in an exchange filing in Taiwan late Monday, didn’t give any further details, saying only that the investment was fo...
- Foxconn says it is the beginning of the Bharat eraFoxconn's India representative V Lee posted on LinkedIn photos of the recently concluded Hon Hai Technology Day 2023 that took place on Oct...
- Foxconn sees opportunity to invest several billions of dollars in IndiaHon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the company's second quarter earnings call on Friday said that the com...
- In a shift from China to India & elsewhere, Foxconn isn’t letting a good downturn go to wasteFoxconn is accelerating its global migration away from China and plans to spend billions of US dollars in India and elsewhere, as a rebound...
- Apple supplier Foxconn cautious despite beating earnings forecastsThe world's largest contract electronics maker downgraded its outlook for full-year revenue to a slight decline from a previous guidance of...
- Foxconn unit looks to build facility in Tamil Nadu by next yearFoxconn's parent company Hon Hai Technology already has large existing facilities in Tamil Nadu and is looking to further ramp up these sit...
- Apple supplier Foxconn's Q1 profit slumps 56% yoy, lags forecastsFoxconn, the world's largest contract electronics maker and a supplier to Apple, reported a 56% drop in Q1 net profit owing to global econo...
- Foxconn's April sales fall 12% on slowing smartphone businessFoxconn said revenue last month reached T$429.2 billion ($14 billion), in line with the company's own expectations.
- Apple supplier Foxconn steps up investment outside China, as consumer electronics demand dipsFoxconn, which assembles around 70% of iPhones, has been diversifying production away from China, whose strict COVID restrictions disrupted...
- With plans to invest $2 billion in India, iPhone maker Foxconn keen on Nokia's Chennai plantThe telecom & IT ministry has proposed that Nokia be allowed to sell the plant, frozen in a tax dispute, without passing on the legal liabi...
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