apple supplier

Foxconn’s Worries Over Vedanta’s Financials Said to Be Reason Behind Withdrawal From JV

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[ad_1] The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters. Indian conglomerate Vedanta’s London-based parent, Vedanta Resources, has been plagued by a rising debt pile. In a statement to … Read more

Tata Set to Acquire Apple Supplier Wistron’s Karnataka Factory to Become First Indian iPhone Maker

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[ad_1] Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple supplier’s factory as soon as August, marking the first time a local company would move into the assembly of iPhones, according to people familiar with the matter. A takeover of the Wistron factory in southern Karnataka state, potentially valued at … Read more

Apple Supplier Foxconn’s Sales Drop 9.5 Percent YoY Due to Low Global Smart Electronics Consumption

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[ad_1] Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple, said on Monday that revenue in May fell 9.5 percent year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry, said revenue last month reached TWD 450.7 billion (roughly Rs. … Read more