Foxconn, the Taiwanese tech giant best known for manufacturing Apple’s iPhones, has unveiled plans to build electric vehicles (EVs) for Japanese automaker Mitsubishi Motors in a new push into the global EV market. The two companies have signed a memorandum of understanding (MoU), outlining a collaboration in which Foxconn’s EV subsidiary, Foxtron, will design and…
Foxconn has decided to withdraw from a $19.4 billion joint venture with Vedanta to build a chip factory in India, dealing a blow to the country’s ambitions of becoming a tech manufacturing powerhouse. The Taiwanese tech giant, known for its role as a top supplier for Apple, cited a “mutual agreement” as the basis for…
Apple’s biggest supplier Foxconn says its revenue last month fell by 11.65% compared to the same period in 2022 due to weaker demand for electronics. However, February revenue was more than $13bn (£10.8bn), the second highest figure on record for the month. Foxconn added that operations at the world’s biggest iPhone factory in the Chinese…
