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 expand its prese

Apple partner Foxconn to invest $1.5 billion in India

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 exchange filing that the inve

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-d

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 investors includ

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 t

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

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 dea

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 T

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 f

Lordstown Motors sues Foxconn, files for bankruptcy

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 sim

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
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