Foxconn

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

Apple VP kindly reminds retail workers that they can say no to unions

As a handful of Apple retail locations begin the process of unionizing, the trillion-dollar company’s vice president of people and retail Deirdre O’Brien delivered a warning to 58,000 reta

Foxconn to build Fisker PEAR EV at former Lordstown Motors plant in Ohio

Fisker and Foxconn said Thursday they will partner to build Fisker’s second all-electric model, the PEAR Urban Lifestyle EV, in Ohio now that Foxconn has purchased the former Lordstown Motors plant.

Synergies raises $12M to give factory managers an AI analytics assistant

There’s no lack of startups around the world trying to make industrial activities more efficient with artificial intelligence. Some invent robots to assist or replace manual labor, while others

Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Lordstown reports $90 million loss and no progress on Foxconn deal

Lordstown Motors said in a filing with the SEC that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern.

Fisker reveals all-electric luxury GT sports car

Fisker Inc. revealed Wednesday a glimpse of the fully electric luxury GT sports car it plans to add as the third model to its fledgling lineup. The Project Ronin concept, code-named after the 1998 stu

Gogoro’s public debut could supercharge EV battery swapping across the globe

Gogoro, the company behind Taiwan's thriving two-wheeler battery swapping ecosystem, is poised to succeed where others have tried and could not -- and now it has the cash to do so.

China’s tech firms in limbo amid COVID resurgence, US scrutiny

2022 is not looking any easier to many Chinese tech companies. The slew of new cyberspace regulations introduced over the past year or so, from anti-competition rules to restrictions on the use of alg

Fisker touts 31,000 reservations for its Ocean SUV as production draws closer

Fisker is still on track to start production of the Ocean SUV in November, with reservations for its first electric vehicle jumping to 31,000, the company said Wednesday during its fourth-quarter and

AI chip designer Moffett AI raises ‘tens of millions of dollars’ in Series A round

China’s call to foster semiconductor independence has sent investors chasing after chip startups of all sorts. Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A inj

Apple puts Foxconn India plant on probation after protests over food and accommodation conditions

Apple has put the southern India factory of Foxconn on probation following protests from workers over subpar food and accommodation conditions, a concern both the firms acknowledged and pledged to add

AI chip maker Kneron raises $25M for autonomous driving push

AI chips, which are semiconductors designed to accelerate machine learning, have many applications. One of the promising use cases, according to Albert Liu, is using AI chips in autonomous driving veh

The all-electric Fisker Ocean SUV debuts with a rotating screen from Foxconn

Foxconn’s fingerprints are all over one of the central details in the upcoming all-electric Fisker Ocean SUV. The company unveiled the production-intent version of the Fisker Ocean SUV on Wednes
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