apple supplier

Concerns Over Vedanta’s Financials Led to Foxconn Withdrawing From JV

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[ad_1] The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters. Indian conglomerate Vedanta’s London-based parent, Vedanta Resources, has been plagued by a rising debt pile. In a statement to … Read more

Apple Supplier Foxconn’s Sales Drop 9.5 Percent YoY: All Detail

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[ad_1] Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple, said on Monday that revenue in May fell 9.5 percent year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry, said revenue last month reached TWD 450.7 billion (roughly Rs. … Read more