Foxconn, Apple's largest manufacturer of iPads and other iOS devices, has been taking heat for several years now for its poor working conditions. These conditions were said to be a major factor in a string of suicides at the company.
The bad press reached a fever pitch earlier this year, when The New York Times published a lengthy article that painted a bleak picture of the electronics-maker. But according to a new report, it's turning things around...
Funny thing how, after a period of inconsistent rumor mongering, all the pieces of an Apple branded television set rumor appear to be falling in place. First, the Wall Street Journal threw its credibility behind the iTV meme yesterday with a pair of stories describing a set-top box, likely a next-gen Apple TV, that could tap iCloud to store shows the instant they air and work with premium cable TV content.
Then earlier today we've learned via an analyst note that the iTV could be in production as we speak and that Apple is planning to offer both a standalone $1,250 HD TV set with AT&T‘s UVerse and Verizon’s FiOS contract and content deals, as well as a much cheaper and more advanced set-top box for Comcast customers.
And just as I explained the intricacies of a cool gesture recognition technology that iTV is thought to incorporate, a new report from Japan says Apple's favorite contract manufacturer Foxconn is now asking to double its planned stake in Sharp to as much as twenty percent, up from the originally agreed 9.9 percent...
Though the world's largest product assembler Foxconn is taking advantage of Sharp's financial woes, the company will want to offer a lifeline to the struggling Japanese giant, not just because it's one of the suppliers of mobile displays for iPhones and iPads, but also because Apple is seeking to reduce its dependency on Samsung, the world's largest maker of flat displays. That's the crux of today's report by Bloomberg, which also mentions the inevitable Apple television set rumor...
Japanese giants once used to rule the consumer electronics landscape but no more. Even the TV set making biz, once the pinnacle of the "made in Japan" industry, has been declining rapidly due to strong competitive pressure from South Korea, the home to Samsung, the world's largest TV maker.
Foxconn, an assembly company, in March announced intentions to purchase an eleven percent stake in Sharp, a manufacturer. Pundits and industry execs saw the move as laying the groundwork for a mass-scale production of a rumored Apple television set as Foxconn also agreed to buy a 46.48 percent stake in Sharp's cutting-edge (though underutilized) LCD plant in Sakai in western Japan, a big loss maker for the company.
Even though Foxconn has helped Sharp weather some of the storm ahead, the company needs more help. Banks, however, are unwilling to issue new loans and Foxconn just decided to renegotiate the terms of its purchase of Sharp's shares. The best bit: Foxconn has yet to produce the money for that deal...
The world's largest contract manufacturer Foxconn is allegedly aiming to acquire board seat at Sharp, a report out from Asia claims.
Foxconn in May acquired an eleven percent ownership stake in Sharp in exchange for $844 million. It also bought a 46.48 percent stake in Sharp's sister company Sharp Display which makes display panels for iPad 3 and is thought to be readying big-ass IGZO panels for a rumored full-blown television set from Apple...
Apple's contract assembler Foxcon, also known as Hon Hai Precision Industry Company, is planning a brand spanking new manufacturing facility in Indonesia said to be worth one billion dollars. It will assumably help Foxconn churn out more iPhones, iPads and iPods.
The new plant will come in addition to Foxconn's manufacturing sites in China's Chengdu province and Brazil, where some of iPad and iPhone production could move in the future. The Indonesia facility will create approximately one million new jobs in the region where the average monthly wage is a hundred bucks a month...
A new report is out this morning claiming that thousands of job seekers are currently lined up outside of Foxconn's Chengdu, China plant. Apparently, the applicants are all vying for a number of summer job openings that were recently posted by the manufacturer.
It doesn't take a lot of brain power to guess the nature of these positions. Apple, who just so happens to be Foxconn's largest client, is widely expected to unveil two new major products this fall. One of which, the "iPhone 5," is believed to already be in production...
Despite ongoing criticism of poor labor conditions at its factories (sometimes likened to sweatshops), especially following The New York Times' iEconomy series, the world's largest assembler of electronics Foxconn could still be interested in replacing some of its one million low-wage workers with advanced industrial robots. Such an unprecedented switch wouldn't be without pitfalls. Robots promise to make gadget manufacturing faster, way more reliable and potentially cheaper, but also render a ton of human workers obsolete in the process...
According to a former executive from Taiwanese supply chain, Foxconn's recent investments into the Japanese electronics giant Sharp and its cutting-edge display factory is in fact part of preparations for a large-scale manufacturing of a rumored Apple television set, dubbed by the media the iTV...
Back in May, a report quoted Foxconn CEO Terry Gou as saying his company was “making preparations” to assemble a full-blown television set for Apple. It proved bogus when Foxconn issued a statement claiming Gou “neither confirmed nor speculated about Foxconn’s involvement in the production of any product”, but such an ambiguously worded denial only added fuel to fire.
According to a new rumor by Chinese news site 21cbh.com (via AppleInsider), based on talks with a Sharp executive and other sources at the company, Sharp will begin delivering LCD television panels to Foxconn in the third quarter of this year, for the specific purpose of assembling Apple television sets...
So this is rather interesting: Apparently Foxconn's CEO Terry Gou has been sharing some of his famous words of wisdom lately, advising consumers to wait a bit before making their next smartphone purchase.
Speaking at the company's annual shareholders meeting, Gou told investors to hold off on buying the new Samsung Galaxy S III, claiming that Apple's next smartphone would put the handset to shame...
In another hint that Hon Hai Precision Industry, also known in the Western world as Foxconn, could be gearing up for mass production of a rumored Apple television set, Reuters now reports that Foxconn is in talks with the Japanese multinational corporation Sharp about increasing its stake.
This is interesting development as Foxconn in March bought an eleven percent stake in Sharp worth $844 million. The two companies now run Sharp’s cutting-edge display plant in Sakai, Osaka, leading some to speculate that Foxconn made the move on behalf of its biggest customer, Apple of California, which has long been rumored to be readying production of a full-blown television set, which Foxconn publicly denied...