Foxconn

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

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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

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 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

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

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 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

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

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

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 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, 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

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

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

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

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

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

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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