Foxconn
Lordstown Motors turns to a reverse stock split to save Foxconn deal
Lordstown Motors will issue a reverse stock split, a last-ditch move meant to pull the EV automaker out of the penny stock doldrums and salvage a deal with Taiwanese manufacturer Foxconn. The stock fe
Vice files for bankruptcy, Foxconn’s investment in India and two fascinating startup rounds
Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the week
Apple partner Foxconn to invest $500 million in India’s Telangana
Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in
Lordstown Motors’ Endurance EV pickup truck is dying
Beleaguered EV company Lordstown Motors seemed to have found a financial savior in Foxconn, the Taiwanese manufacturer best known for making iPhones for Apple. But now, with that relationship falterin
Lordstown savior Foxconn is threatening to pull funding
Lordstown Motors is at risk of failing — again. The EV startup that went public via a SPAC merger cautioned investors Monday that it may be forced to file for bankruptcy because Foxconn may pull out
Foxconn-built EVs will feature Nvidia’s self-driving toolkit
Taiwanese manufacturer Foxconn and Nvidia announced Tuesday, ahead of CES 2023, a partnership to develop automated and autonomous vehicle platforms. Under the two-part partnership, Foxconn will become
Apple partner Foxconn invests another $500 million in India business
Foxconn is investing another $500 million in its India business as it ramps up its plans to expand its chipmaking factories in the South Asian market that is slowly becoming a key hardware hub for App
Lordstown Motors begins shipping its Foxconn-made EV pickup trucks
Lordstown Motors has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year. Lordstown Motors, which has experienced i
More headaches for Apple in China as protests erupt at Foxconn
Two weeks after Apple warned of production delays in China amid heightened COVID-19 restrictions, the giant is facing more challenges as worker protests broke out at its largest manufacturing partner
Foxconn invests another $170M into EV SPAC Lordstown Motors
Taiwanese manufacturer Foxconn is increasing its investment in EV startup Lordstown Motors by buying $170 million in common stock and newly created preferred shares. Once the deal is complete, Foxconn
iPhone maker Foxconn and Saudi Arabia are going into the EV business
Saudi Arabia’s sovereign wealth fund has formed a joint venture with Foxconn to build and sell EVs, the latest move by the nation to meet its Vision 2030 goal of reducing its dependence on oil a
Fisker bumps up production for all-electric Ocean SUV
Fisker is raising its manufacturing forecast two weeks before its first electric vehicle, the Ocean SUV, enters production. The automaker plans to produce 42,400 Ocean SUVs by the end of 2023, up from
Foxconn pushes deeper into automotive with an electric pickup and crossover
Foxconn, the Taiwanese manufacturing giant that makes Apple’s iPhones, unveiled Tuesday two electric vehicle concepts at its third annual Hon Hai Tech Day as the company tries to diversify its b
Finally. Lordstown Motors, Foxconn begin Endurance EV production
Taiwanese electronics manufacturer Foxconn has begun production of Lordstown Motors’s electric pickup truck. The news, which Bloomberg grabbed first, is a milestone for both companies: Foxconn a
Vedanta and Foxconn sign agreement with Indian state for $20 billion semiconductor unit
Indian oil-to-metals conglomerate Vedanta and global manufacturing giant Foxconn have signed a memorandum of understanding with the Indian state of Gujarat to set up a $20 billion semiconductor and di
Varjo, an early mover in building XR headsets and software for enterprises, taps $40M
Applications in the metaverse often feel like more of a marketing gimmick than something that a critical mass of consumers would use, let alone pay for. But turn to the enterprise and there appears to
LockBit ransomware group downed by DDoS after claiming Entrust breach
The LockBit ransomware gang is claiming responsibility for the July cyberattack against cybersecurity giant Entrust, but with a twist — the group is also accusing its latest victim of a counterattac
macOS will soon block unknown USB-C accessories by default
A new security feature in Apple’s upcoming macOS 13 Ventura will automatically block new USB-C devices from communicating with the operating system until the accessory can be approved by the use
Daily Crunch: To manage high-demand products, Amazon unveils invitation-based ordering system
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Foxconn confirms ransomware attack disrupted operations at Mexico factory
Smartphone manufacturing giant Foxconn has confirmed that a ransomware attack in late May disrupted operations at one of its Mexico-based production plants. “It is confirmed that one of our fact