Recently, Hon Hai pulled in NT$30.39 billion which is around $998 million, this was in net profits during the March quarter, which The Wall Street Journal reported on Friday. Facing pressure from asset manager BlackRock, which they increased their dividend payout from NT$1.80 per share to NT$3.80, or from roughly 6 cents to 12 cents. Read more
In recent news, according to one of Apple’s partners, the company’s choice to award production contracts for their new “A9″ chip to Taiwan Semiconductor Manufacturing Co. — rather than single-sourcing parts from Samsung — was the result of a planned lobbying effort from Taiwanese firms. Read more
In recent news, according to an updated support pages document, hardware manufacturers responsible for supplying Apple’s official Lightning to USB cable accessory have moved production beyond China and into Brazil and Vietnam. Read more
In recent news, Bloomberg reported that “Consumers will be able to take older iPhones to Apple stores in China for credit against the company’s products as soon as March 31, the people said, asking not to be identified as the details aren’t public.”
The publication site went on to say “Foxconn Technology Group will buy and re-sell the phones as part of the program, one of the people said. Natalie Kerris, an Apple representative, didn’t respond to a request for comment. Foxconn declined to comment.” Read more
Rumors are surfacing about ‘Foxconn’ getting in on Apple’s sapphire business for future iPhones, courtesy of a source speaking with Cult of Mac. While Foxconn hasn’t been reported to have actual experience growing sapphire, sources say that they are reportedly very interested in the material, and that they’ve been actively pursuing various sapphire related patents over the past years.
Foxconn has deployed some factory assembly machines recently to help assemble iPhones and other Apple devices for more convenience, but so far the program may not be as successful as they may have first anticipated. According to the Chinese economic website Jiemian and G4Games, the first-generation Foxconn robots are not that accurate and precise to meet Apple’s demands and standards. Read more
On Wednesday, a new report by Focus Taiwan came out, and reported that China Economic Weekly said that “Foxconn has signed an agreement with the Zhengzhou city government in Henan Province, central China, to set up a display factory on a plot of land next to an iPhone 6 assembly plant.” If this is true, Foxconn’s upcoming $2.6 billion facility in central China will be dedicated to producing screens for Apple’s mobile devices, which would then use synthetic sapphire crystals for increased durability and protection.
It has been reported that Foxconn Technology Group will make a new dedicated factory plant in Taiwan, and Bloomberg says that “Foxconn Technology Group will spend NT$80 billion ($2.6 billion) over the next two years on a new factory in Taiwan to supply displays exclusively for a client.”
As Apple releases their newly two handsets across the whole world, a shortage of production sadly falls on Apple, as they try to meet them. Courtesy of DigiTimes, they had wrote “Strong demand for Apple’s iPhone 6 and iPhone 6 Plus is pushing Foxconn Electronics (Hon Hai Precision Industry) to start large-scale hiring at its plants in Shenzhen and Zhengzhou, China, according to sources from the upstream supply chain.” Which means that, a lot of people are waiting for their new handsets to be manufactured. Read more
An explosion has recently taken place at a manufacturing plant in the eastern province China, killing 75 and injuring nearly 200 people. The plant was responsible for making hubcaps for General Motors; however the incident has caused authorities to start inspecting the safety of other plants in the neighboring areas. Read more