Foxconn International Holdings Ltd, a Foxconn Technology subsidiary, reported a $226.07 million loss, its highest-ever first-half net loss. Even though it is the largest contract maker of mobile phones in the world, it is largely dependent on the results of its partners. Important clients such as HTC, Nokia, Huawei, Sony Mobile and Motorola posted very disappointing results. As a result, Foxconn… → Read More
Foxconn, the Taiwanese electronic components manufacturer that makes products like certain Dell computers and Apple‘s iPad and iPhone devices, was – as widely reported – hit by a string of suicides among its workers earlier this year.
Apparently, this hasn’t had much effect on their growth rate (surprise): according to Bloomberg, the company plans to hire as many as 400,000 workers in China in… → Read More