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AI demand boosts iPhone maker Foxconn's second-quarter profit by 27%, beating forecasts

cnbc.com Dylan Butts 2025-11-16 06:48:00

Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. Taiwan's Foxconn , the world's largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business. Here's how Foxconn did in the second quarter of 2025 compared with LSEG SmartEstimates, which are weighted toward forecasts fr

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Monarch Tractors won’t be built by Foxconn after Ohio factory sale

techcrunch.com Sean O'Kane 2025-11-17 15:29:45

Foxconn will no longer build electric tractors for California startup Monarch Tractor after the Taiwanese tech giant recently sold its Ohio factory to SoftBank. Monarch CEO Praveen Penmetsa confirmed the news in a LinkedIn comment Tuesday. He also said his company worked with Foxconn to “build up inventory” before the sale of the factory, noting his startup has “enough to meet customer demand for the next 12 months, along with ample spare parts.” “In the coming weeks, we will be sharing more a

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SoftBank reportedly bought Foxconn’s Ohio factory for the Stargate AI project

techcrunch.com Sean O'Kane 2025-11-25 20:00:51

The mystery buyer of the former General Motors factory owned by Foxconn in Lordstown, Ohio is apparently SoftBank, according to Bloomberg News. SoftBank wants to use the factory to build AI servers as part of the Stargate data center project being spearheaded by the Japanese conglomerate, OpenAI, and Oracle. The report comes just a few days after Foxconn announced it had sold the factory, along with electric vehicle manufacturing equipment that was inside of it, to a buyer it only referred to a

Topics: electric factory foxconn lordstown softbank
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Foxconn sells former GM factory to mystery buyer after failing to make EVs

techcrunch.com Sean O'Kane 2025-12-06 15:43:02

Foxconn has sold the former GM factory it has owned for three years after failing to stand up any meaningful, large-scale electric vehicle production there. The pivot marks the second major failure of Foxconn to deliver on its promises to help revive U.S. manufacturing. The iPhone-maker once promised to build a giant LCD factory in Wisconsin — a project that Donald Trump called the “eighth wonder of the world” during his first term — and wound up underdelivering to an extreme degree. Foxconn s

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iPhone maker Foxconn joins $1 trillion AI data center market with new alliance

cnbc.com Arjun Kharpal 2025-12-15 15:20:57

Foxconn on Wednesday said it is taking a stake in TECO Electric & Machinery Co ., as it looks to supercharge its efforts to become a key player in building artificial intelligence data centers. The Taiwanese firm, formally known as Hon Hai, is looking to replicate the success it has had in consumer electronics in the world of AI. It's a play that could unlock Foxconn's access to a potential $1 trillion of spending by companies on data centers in the coming years, according to Counterpoint Resea

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Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories

techcrunch.com Ram Iyer 2026-02-08 05:55:05

In Brief Apple’s biggest assembly partner, Foxconn, has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg reported, citing anonymous sources. The employees told to return account for the bulk of Foxconn’s staff in its iPhone facilities in India, and only Taiwanese support staff remain in the country, the report said. The motivation behind the order was not immediately clear, Bloomberg reported, though the outlet noted that Chinese offi

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Apple’s push in India continues: Foxconn to start making iPhone casings in the country

9to5mac.com Marcus Mendes 2026-03-02 09:26:13

Foxconn is taking another step in cementing its rolerole in Apple’s Indian manufacturing strategy. After years of focusing mainly on iPhone assembly, the Taiwanese contract manufacturing giant is now preparing to build iPhone casings locally for the first time. Here’s why that matters. According to a new report from The Economic Times, Foxconn is setting up a new unit at the ESR Industrial Park in Oragadam, Tamil Nadu, focused specifically on making metal casings for iPhones. Casings, often re

Topics: apple assembly foxconn india iphone
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