All articles tagged with #foxconn
Hon Hai Precision Industry (Foxconn) reported a about-40% jump in June-quarter revenue to NT$2.51 trillion, beating forecasts around NT$2.37 trillion as AI-related server assembly with Nvidia accelerators drives demand. The company cautioned about memory-chip shortages but remains well-positioned thanks to AI infrastructure spending by major tech players and its role in Apple device assembly.
Apple’s iPhone Ultra is reportedly entering mass production in late July, with a September unveiling alongside the iPhone 18 Pro/Max. After hinge issues were resolved and key specs finalized, Foxconn will produce the initial batch, with first-round trial production already completed in April; a simultaneous launch at the September event remains likely, though exact timing for the Ultra relative to the Pro models is still unclear.
Apple says Foxconn will begin assembling some Mac mini units at a Houston, Texas plant later this year as part of a broader push to expand U.S. manufacturing, including investing up to $600 billion domestically by 2029. U.S.-built Mac minis will primarily serve the domestic market while production for overseas orders continues in Asia. Apple is also expanding AI server manufacturing in Houston and opening an Advanced Manufacturing Center to train workers.
Per Korea’s The Elec, Apple’s first OLED MacBook Pro is expected to launch in Q4 2026 (October–December), with Samsung Display mass‑producing eighth‑generation OLED panels (about two million units) for Foxconn assembly; the 14‑ and 16‑inch machines will run on M6‑series chips and feature a major redesign, though some components are still being revised to cut costs, with BOE potentially supplying panels later but initial units relying on Samsung’s displays.
OpenAI says it is on track to reveal its first AI device in the second half of 2026, designed by Jony Ive's oi Products. Leaks describe a pocket-sized, screen-free behind-the-ear wearable codenamed 'Sweetpea' with a custom 2nm chip and possibly manufactured by Foxconn, potentially overlapping with AirPods in function. The timing is not confirmed, but Lehane indicated a late-2026 release is possible amid ongoing speculation about OpenAI's hardware ambitions.
A circulating leak suggests OpenAI, following its io Products acquisition, is building AI-powered earbuds named “Sweetpea” to compete with Apple’s AirPods, featuring a custom, phone‑integrated chipset. Foxconn is said to be preparing five prototypes for a planned late‑2028 launch, though there is no official confirmation yet.
Foxconn reported a 17% increase in third-quarter profit driven by growth in its AI server business and partnerships with Nvidia, despite global economic uncertainties, and expects continued growth in the second half of the year.
Microsoft is transforming Foxconn's former factory site in Wisconsin into the world's most powerful AI data center, featuring hundreds of thousands of Nvidia GPUs and a focus on environmental sustainability, with operations starting in early 2026.
SoftBank has acquired Foxconn's Ohio plant to manufacture AI hardware as part of its ambitious $500 billion Stargate project, aiming to expand its presence in AI technology manufacturing.
SoftBank is acquiring and operating a Foxconn-owned plant in Ohio to serve as a manufacturing site for its Stargate AI venture, which aims to develop AI data centers in partnership with companies like OpenAI and Oracle, despite recent delays and economic challenges.
Foxconn sold its former GM EV factory for $88 million to an anonymous buyer after failing to establish large-scale EV production, marking a setback in its U.S. manufacturing ambitions. The company plans to remain involved in manufacturing at the site, possibly shifting focus to AI servers, following the bankruptcy of several EV startups it partnered with.
Foxconn plans to build an AI server assembly plant in the US, strengthening its role as a key supplier for tech giants like Nvidia and Apple.
Foxconn announced it will sell its Lordstown manufacturing facility for $88 million but will continue to occupy and operate the plant, aiming to enhance operational flexibility and future growth, with plans to reinvest proceeds into its U.S. business segments.
Nissan is in talks with Foxconn to collaborate on electric vehicle production at Nissan's Oppama plant in Japan, potentially helping to prevent its closure amid Nissan's restructuring plans.
India is rapidly expanding its high-end manufacturing sector, notably with Foxconn's new $2.5 billion iPhone plant near Bengaluru, aiming to produce up to 30% of iPhones domestically by 2025. This development aligns with India's broader 'Make in India' initiative to create jobs and reduce reliance on Chinese manufacturing, though it still imports key components. The growth of manufacturing in India is transforming local economies, attracting global firms, and providing new employment opportunities, but challenges remain in developing a fully self-sufficient supply chain.