The news, coupled with more details about the company's strategy in its services business, helped send shares in BlackBerry surging more than 9 percent. Code named Jakarta, the device will go on sale in April in Indonesia, where BlackBerry's BBM messaging service is proving very popular, said John Chen, who took over as the group's chief executive late last year.
Code named Jakarta, it will go on sale in April in Indonesia, where BlackBerry's BBM messaging service is proving very popular, said John Chen, the group's new chief executive who took over late last year.
TAIPEI, Jan 27- Taiwan's Foxconn Technology Group, the major supplier of Apple Inc's iPhones and iPads, may build high-tech factories in the United States and low-cost plants in Indonesia as the appeal of' made in China' fades into a burden.
HONG KONG, Dec 24- Hong Kong and China shares extended a rebound from multi-week lows on Tuesday, with the first central bank liquidity injection through normal channels in three weeks providing some respite from a year-end interbank cash crunch in the mainland.
Foxconn's BlackBerry deal marks the Taiwanese firm's biggest step up the value chain - a chance to help design smartphones.
HONG KONG, Dec 23- Hong Kong shares produced a tepid rebound on Monday from the previous session's lowest close in five weeks, as strength in Macau gambling, Chinese consumer and environmental stocks outweighed losses in the mainland banking sector. The China Enterprises Index of the top offshore Chinese listings in Hong Kong rose 0.2 percent.
*FIH Mobile spikes after affiliate strikes Blackberry deal. HONG KONG, Dec 23- China shares rose from more than four-month lows in choppy Monday trade, lifting Hong Kong stocks, after the central bank said it put $50 billion last week to interbank markets, allaying some fears about a repeat of June's cash crunch in the mainland.
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.