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Top related persons:
Foxconn - 2 Liu Young - 1 Liu - 1 Jun Seki - 1
Top related locs:
Tamil Nadu India China Technology India Maharashtra Karnataka Telangana Wisconsin
Top related orgs:
Stars Mobile India - 2 Apple - 2 Foxconn Technology - 1 Technology - 1 Technology India Mega Development - 1 Vedanta - 1 Nissan - 1 North - 1

Search resuls for: "Stars Mobile India"


3 mentions found


☆ Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China
  + stars: | 2023-11-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019. Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple supplier's "operational needs," the company announced in Taiwanese security filings Monday. Foxconn is a major Apple supplier and has significant operations in mainland China. Those lockdowns, alongside general geopolitical tumult, have prompted Apple suppliers such as Foxconn to reassess their concentrated presence in China. Foxconn has already announced multiple projects inside India, including a $600 million project in Karnataka state and a $500 million factory in Telangana state.
Persons: Foxconn Organizations: Stars Mobile India, Foxconn Technology, Apple, Technology, Technology India Mega Development Locations: Tamil Nadu, India, Technology India, Maharashtra, China, Karnataka, Telangana
☆ Apple supplier Foxconn cautious despite beating earnings forecasts
  + stars: | 2023-08-14 | by ( ) www.cnbc.com   time to read: +3 min
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019. Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic uncertainties. Within the AI server supply chain, Foxconn has won a "very high" market share for GPU modules and substrates, Liu said. It was better than an average forecast of T$25.57 billion profit from 13 analysts, according to Refinitiv. Apple this month forecast that a sales slump would continue into this quarter, sending shares down despite beating Wall Street sales and profit targets in its fiscal third quarter.
Persons: Liu Young, Liu, Foxconn, Jun Seki Organizations: Stars Mobile India, Apple, Vedanta, Nissan, North, Wall Locations: Tamil Nadu, India, China, Wisconsin, Foxconn
☆ Apple supplier Foxconn expects decline in consumer electronics demand, prioritizes global growth
  + stars: | 2023-03-15 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +2 min
Major Apple supplier Foxconn reported a 10% year-over-year decline in profit for 2022 and anticipated a decline in consumer electronics demand for the full year ahead, the company said in its earnings report Wednesday. The negative sentiment reflected Apple's muted expectations for consumer sales. The company added iPhone sales will decline less in the March quarter compared to the Dcember quarter. Taiwan-based Foxconn is a major manufacturer for consumer technology firms, but is best known for its relationship with Apple, which relies on Foxconn to produce and assemble its iPhone, among other products. The Chinese government has since pulled back on the most aggressive of its Covid protocols, but Apple and other major technology companies have emphasized to suppliers a need to diversify beyond China.
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