Foxconn
Lordstown Motors comes out of bankruptcy with a new name to fight Foxconn
Lordstown Motors has emerged from bankruptcy with a new name and a nearly singular focus: continuing its lawsuit against iPhone-maker Foxconn for allegedly “destroying the business of an American startup.”…
Foxconn setting up chip packaging and testing venture with India’s HCL
Foxconn has set up a joint venture with Indian IT giant HCL Group to establish its semiconductor packaging and testing operations in India, as the Apple manufacturing partner looks to…
Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock…
Foxconn and Nvidia are building ‘AI factories’ to accelerate self-driving cars
Nvidia and Foxconn are working together to build so-called “AI factories,” a new class of data centers that promise to provide supercomputing powers to accelerate the development of self-driving cars,…
AI chip company Kneron raises $49M to scale up its commercial efforts
Kneron, which is developing AI chips to power self-driving cars, among other autonomous machines, today announced that it raised $49 million in an extension to its Series B round from…
Fisker confirms Foxconn will build its $29,900 Pear EV, but questions remain
EV startup Fisker revealed more details about its $29,900 Pear electric urban lifestyle crossover vehicle Thursday at the company’s Product Vision Day. Included in that reveal was confirmation that Foxconn,…
India’s local manufacturing push spurs 2B mobile unit shipments
India’s ambitious push for self-sufficiency in mobile phone assembling is yielding results. India shipped 2 billion domestically assembled smartphones and feature phones between 2014 and 2022 as part of its…
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Henrik Fisker: No ‘final conclusion’ yet in Foxconn deal
Two years ago, EV startup Fisker seemed to have hooked a giant when it announced a deal with Taiwanese iPhone maker Foxconn to build a sub-$30,000 crossover in the United States. It turns out that deal hasn’t been finalized, according to comments Fisker founder and CEO Henrik Fisker made during an interview with TechCrunch. “In…
Foxconn to invest $600M in Karnataka for iPhone components, chipmaking tools projects
Foxconn, a key Apple supplier, will invest $600 million in two projects in Karnataka for chip-equipment manufacturing and casing components for iPhones, the southern Indian state said Wednesday. The Taiwanese…
Foxconn seeks India incentive despite withdrawing from Vedanta venture
Foxconn said on Tuesday it plans to submit an application to access incentives under India’s semiconductor manufacturing policy even as the Taiwanese giant has pulled out of the nation’s flagship…
Lordstown Motors has made good on its threat to sue Foxconn, the Taiwanese company best known for manufacturing Apple’s iPhones. The EV company took legal action against Foxconn Tuesday, and…
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…
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…
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 faltering,…
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…
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 a primary supplier…
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…
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 investigations, executive upheaval and…
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…
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…
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…
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 as it diversifies from…
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 display…
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…
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…
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…
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 factories…
