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FOXCONN OUTLOOK 2025
Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Apple stock falls 2.65% from the previous close: Why are Apple stock dropping and how are Trump tariffs impacting U.S. stock futures, Nasdaq, Dow Jones, and S&P 500 today?Apple stock dropped sharply after Donald Trump threatened a 25% tariff on iPhones not made in the U.S. This sudden tariff news rattled inve...
Foxconn profit surges on AI demand, but more conservative on 2025 outlookFoxconn reported a 91% surge in Q1 profit, driven by strong AI server demand, beating forecasts. Despite robust AI growth, it issued a more...
BluSmart fleet on the block, HCL-Foxconn semicon JVLenders and lessors are planning to sell EVs on the BluSmart fleet to recover their dues. This and more in today’s ETtech Morning Dispatch.
U.S. stock market futures today: S&P 500, Nasdaq, and Dow edge higher as inflation cools, U.S.-China trade tensions ease, and the Magnificent 7 rally—are investors still showing caution?US Stock market futures are facing pressure as tariff uncertainty continues to dominate the conversation. The S&P 500, Dow Jones, and Nasda...
Apple supplier Foxconn cuts outlook due to tariff uncertaintyFoxconn, a major Apple and Nvidia supplier, anticipates challenges due to U.S. tariff uncertainties, leading to a more cautious full-year o...
Tim Cook's Apple iPhone recipe: Made in India, sold in AmericaApple CEO Tim Cook announced that a majority of iPhones sold in the US this quarter will be sourced from India, highlighting the country's ...
Apple’s India pivot; Cloud, AI fuel Alphabet's gainApple is seeking to assemble all iPhones sold in the US in India by next year, the Financial Times reported. This and more in today’s ETtec...
Foxconn beats estimates with record fourth-quarter revenue on AI demandFoxconn, the world's largest contract electronics maker, recorded its highest-ever fourth-quarter revenue of T$2.13 trillion, driven by rob...
Foxconn sees net profit rise 14% in Q3 on the back of strong demand for AI serversThe company said that the cumulative revenue of AI servers in the first three quarters of this year grew more than 200% compared to the sam...
India’s Global Trade Surge: Expanding horizons with strategic partnershipsIndia has emerged as a bright spot in the global economy, registering unprecedented growth, expanding its infrastructure, and fostering a d...
Apple supplier Foxconn turns upbeat on 2024, cites huge demand for AI serversThe upbeat tone comes after a forecast-beating 33% jump in net profit for the fourth quarter. It also contrasts sharply with remarks by Fox...
Apple supplier Foxconn plans to quadruple workforce at India plant: sourcesTaiwan-based Foxconn now plans to boost the workforce at its plant in southern India to 70,000 by adding 53,000 more workers over the next ...
Apple supplier Foxconn plans to quadruple workforce at India plantFoxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant, the world's largest iPhone factory, di...
PLI scheme: Wary of third wave, handset companies play it by ear on fresh hiringThe PLI scheme for handsets was launched last October for five global companies, five domestic ones and six component makers with the aim t...
Indian economy set for post-COVID-19 rebound as FDI remains buoyant: IHS Markit"The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a rec...
A defunct Chennai factory holds the clue to what India is doing wrongThe "orphaned child", as a minister described the abandoned factory, highlights the peculiar challenges that India faces in boosting growth.