Taiwan's Hon Hai has offered to buy Sharp's struggling liquid panel display business and plans to seek funding from Apple.
Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 percent stake in Snapdeal for $200 million via its Singapore- based subsidiary Wonderful Stars Pte.. Sources told Reuters this month that Snapdeal was set to raise $500 million from China's Alibaba Group Holding, Japan's SoftBank...
June 25- Hong Kong stocks fell on Thursday, breaking a four-day winning streak, dragged down by gloomy global markets as negotiations between Greece and its creditors stumbled, denting hopes for a last-minute bailout deal. A late afternoon sell-off in mainland stocks also soured investor sentiment, with Chinese companies listed in Hong Kong leading declines.
China wants domestic companies to buy more locally made robots, but industry insiders have warned its policies are over-stimulating the market.
CNBC's Eunice Yoon reports that what happens at Foxconn is seen as a barometer for the tech industry.
As Apple's sales outlook slows down, what happens to the tech giant's suppliers? CNBC's Eunice Yoon has more.
Abhey Lamba, Mizuho Securities analyst, weighs in on Foxconn's decision to "temporarily slow down" their recruitment process.
The "Squawk on the Street" news crew report on today's top business headlines; including new highs for the Dow, S&P, and Nasdaq; an unexpected decline in January housings starts; and Foxconn's hiring freeze, as the company cuts production of the iPhone 5. Also, CNBC's Andrew Ross Sorkin reports the OfficeMax/Office Depot deal may have been announced prematurely.
Asian shares were mixed on Thursday after manufacturing data from China confirmed a recovery was on track, easing nervousness caused by a sharp drop in Apple shares.
One day last summer, Pu Xiaolan was halfway through a shift inspecting iPad cases when she received a beige wooden chair with white stripes and a high, sturdy back. The NYT reports.
President Ma Ying-jeou says Taiwan is now on the road to recovery, helped by a broadening of the country's trade and investment partnerships.
Chinese labor arbitrators have ruled against the father of a Foxconn worker brain-damaged in a factory accident in southern China.
HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential election spurred mild profit-taking after a strong run-up last week lifted the Hang Seng Index to a 15- month high.
*Foxconn surges more than 30 pct after Citigroup upgrade. HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential elections spurred mild profit-taking after a strong run-up last week lifted the local benchmark to a 15- month high.
A Foxconn executive has acknowledged that the company is having trouble making enough iPhone 5s—creating a supply problem that has contributed to Apple's (AAPL) falling stock price and led to analysts cutting their estimates for the company's December quarter.
Foxconn, the world’s largest electronics contract manufacturer, admitted on Tuesday that it had employed interns as young as 14 years old at one of its factories in China. The FT reports.
SHANGHAI, March 29- Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labour practices.
HONG KONG, Oct 12- Foxconn International Holdings Ltd, the world's biggest contract maker of cellphones, said on Friday it was unaware of any reason behind a sharp rise in its stock price.
HONG KONG, Oct 12- Shares of Foxconn International Holdings Ltd, the world's biggest contract maker of cellphones, rose by more than 10 percent on Friday, extending gains from the previous day on a brokerage report that said it might get iPhone orders soon.
HONG KONG, Oct 12- These are some of the leading stories in Hong Kong newspapers on Friday. --Bursa Malaysia, the operator of the Southeast Asian country's stock exchange, plans to list the world's first retail Islamic exchange-traded bond in Malaysia in December, which may lead to a listing in Hong Kong if there is demand.