Lordstown Motors Corp (NASDAQ: RIDE) reported a fourth-quarter FY22 net sales of $0.194 million, missing the consensus of $1.29 million. The EPS loss of $(0.45) missed the consensus loss of $(0.27). T...
Tag: Foxconn
Should Hogs Live In Skyscrapers?
Raising swine in high-rises seems like the premise of a dystopian television show—but it’s happening in real life. And from my perspective, it’s frightening. Last fall, the world’s largest free-standi...
Nvidia in Pact With Foxconn to Build Autonomous Cars
Getting a jump on the parade of announcements to come at this week’s CES tech trade show in Las Vegas, the graphics and AI chip company Nvidia gave an unofficial virtual keynote presentation Tuesday m...
Apple Stock Predictions: 2023 To 2025
| Getty Images Key Takeaways Apple stock dropped last month due to production issues at the Foxconn factory in Zhengzhou, China. This hangup led to additional delays around the holiday season. Apple i...
China’s Zero-Covid Exit And The Potential For 2023 Supply Chain Disruptions
Shuttle buses have been arranged by local authorities to facilitate the return trips of Foxconn … [+] factory workers to their hometowns after COVID-19 infections were reported in the city Zheng...
Apple Stock Slumps Due To Production Delays Of New iPhones In China
| Getty Images Key Takeaways Apple’s stock dropped on November 28 due to news of production issues at the Foxconn factory in Zhengzhou, China. The company declined to comment on the Bloomberg report t...
Apple Is Looking to Move Production Out of China, Report Says
Apple has hastened plans to move part of its production out of China, home to the world’s largest iPhone factory, according to a The Wall Street Journal report citing anonymous sources. The world’s mo...
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people ...
Apple Reportedly Faces Shortfall Of 6 Million iPhones Amid China Factory Protests
Topline Apple may fall short of its production target for its flagship iPhone 14 Pro models by nearly 6 million units worldwide, Bloomberg reported Monday, after workers at the world’s largest i...
Taiwan Ruling Party Drubbed In Local Vote; Ex-Exec At Tech Billionaire Terry Gou’s Foxconn Elected Chip-Hub Mayor
Taiwan President Tsai Ing-wen announces her resignation as party chairwoman of Democratic … [+] Progressive Party in Taipei, Taiwan, Saturday, Nov. 26, 2022. Voters in Taiwan overwhelmingly chos...
Apple’s iPhone Issues Could Hit Revenue. Why Analysts Say Not to Worry.
Apple is facing delivery problems for some iPhones as issues at a critical factory in China continue. But analysts are playing down the potential long-term impact on the company. Apple (ticker: AAPL) ...
Here’s what protests at Foxconn plant mean for the Apple stock
Hundreds of workers at a Foxconn plant in China turned to violent protests this week after about a month of rather strict COVID restrictions. Apple’s holiday quarter is now in question That’s bad news...
It Was All A Mistake, iPhone Supplier Says After Violent Worker Protests In China
Hon Hai Precision Industry’s headquarters in New Taipei City. Photographer Lam Yik Fei/Bloomberg © 2022 Bloomberg Finance LP Hon Hai Precision Industry apologized on Thursday for a “techni...
Foxconn Apologizes After Workers Revolt At World’s Largest iPhone Factory
Topline Apple supplier Foxconn on Thursday issued an apology for chaos at its Zhengzhou plant—the world’s largest iPhone factory—and offered ¥10,000 ($1,400) compensation to any disgruntled workers wh...
Protests Flare In China At World’s Largest iPhone Factory — Reports
The Taiwan headquarters of iPhone supplier Hon Hai Precision, one of the world’s largest electronics … [+] contractor manufacturers. (Photo by Craig Ferguson/LightRocket via Getty Images) ...
China’s Cash Drives America Towards Electrification
This week Foxconn, a Taiwanese company under the influence of China, injected another $170 million in Lordstown Motors, the Ohio electric truck company. This follows Foxconn’s purchase of Lordstown’s ...
Foxconn investment to boost EV production
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plan...
Fisker (FSR) Manufacturer Foxconn all set to enter the EV Market
Taiwanese electronics manufacturing giant Foxconn has showcased its growing interest in the Electronic Vehicle (EV) sector lately. In a recent event, the company once again reportedly seems to be feel...
U.S. Dollar Takes Center Stage
Key News Asian equities were mixed overnight on light volumes despite a strong U.S. equity performance yesterday with Hong Kong, China, South Korea, and Taiwan underperforming. Macro took center stage...
Billionaire Anil Agarwal’s Vedanta, iPhone Assembler Foxconn To Build $20 Billion Semiconductor And Display Plants In India
Anil Agarwal Sanjeev Verma/Hindustan Times via Getty Images Indian natural resources conglomerate Vedanta and Taiwanese manufacturing giant Foxconn will jointly invest 1.54 trillion rupees (about $20 ...
New China Lockdown Hits 21 Million People In Chengdu Amid ‘Zero Covid’ Push
Topline Chinese officials will lock down the city of Chengdu on Thursday in an effort to curb the spread of Covid-19, confining millions to their homes and closing business in one of China’s largest a...
Fisker Considers U.S. Ocean Production Amid Shakeup In EV Tax Credit
Fisker Inc.’s electric Ocean SUVs won’t qualify for a revised federal tax credit for EVs that requires them to be built at domestic plants. Fisker Inc. Fisker Inc., a Los Angeles-based ele...
Why Taiwan’s Foxconn Is Investing $800 Million In China’s Chip Champion
Getty Taiwanese manufacturing giant Foxconn plans to invest about $800 million in Chinese chip conglomerate Tsinghua Unigroup, a move that will further expose the world’s largest contract assembler of...
Electric vehicle startup Lordstown Motors names new CEO following Foxconn deal
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Electric vehicle startup Lordstown Motors said Tuesday that i...
Fisker and Foxconn confirm compact EV will be built at Lordstown plant
Fisker Inc. confirmed Thursday that Foxconn will build its second car, a compact EV, at a newly acquired plant in Lordstown, Ohio. The Fisker FSR, +12.55% Pear will enter production in 2024 and cost a...
Lordstown Motors factory sale to Foxconn closes
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electr...
Lordstown Motors RIDE Q1 2022 earnings loss Foxconn
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Stru...
Fisker Says It’s Targeting An Overlooked EV Feature: Affordability
The electric Fisker Ocean crossover goes into production at a Magna plant in Graz, Austria, in November 2022. Fisker Inc. Six months before Fisker Inc. starts delivering its first electric SUVs, CEO H...
Apple Assembler Foxconn Pushes Further Into EVs With M&A
Terry Gou, founder of Foxconn. Visual China Group via Getty Images) Consumer electronics assembly giant Foxconn has acquired and merged a pair of component firms to boost the Taiwan-based company’s po...
The S&P Experienced a Death Cross. Here’s the Bright Side.
Illustration by Elias Stein Text size The S&P 500 has performed poorly this year, down about 6.4%. This past Monday, it got scary in a Harry Potter sort of way: The benchmark experienced a death c...
Why iPhone Assembler Foxconn Might Build A $9 Billion Factory In Saudi Arabia
Terry Gou, founder of Foxconn. Simon Song/South China Morning Post via Getty Images Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the ...