Posts Tagged ‘Foxconn’

Shenxing Tech Raises Funds For Facial Recognition In China

Beijing-based facial recognition and artificial intelligence company Shenxing Tech has raised funds to expand its business in the public security …


Foxconn Reshuffles How It Handles Sharp’s Assets

Sharp JapanSharp and its new Taiwanese parent company Foxconn will jointly establish an intellectual property management company on October 3, 2016 …


Foxconn’s Acquisition Of Sharp Approved By Antitrust Authority Of China

Apple, Sharp, and Foxconn (Hon Hai)Hon Hai’s Foxconn, which is already a major original equipment manufacturer for Apple, is set to enhance its ability to …


Beijing Facial Recognition Firm Closes Face-Saving Investment

Anyone who knows China understands the importance of face, and a Beijing startup is extending that social metaphor to the …


Foxconn To Cut 7,000 Employees After Sharp Acquisition

fired employeeFollowing Foxconn’s USD3.5 billion acquisition of Sharp, the Taiwanese company will position the new executive team in July to accelerate …


Foxconn’s Board Approves Sharp Purchase

SharpJapan’s Sharp today accepted a multi-billion dollar buyout deal from Taiwan’s Foxconn Technology Group. The Taiwanese company may spend as …


Vietnamese Government Cancels Foxconn’s Mobile Phone Plans

The Vietnamese government is canceling plans for Taiwan-based Foxconn to manufacture mobile phones in the country. An official from the government of Vietnam revealed that their related department has cancelled the investment license issued to Foxconn Group for the construction of a USD200 million mobile phone plant in Vietnam. Nguyen Tien Hanh, head of investment […]


What Interests Alibaba And Foxconn About SoftBank’s Robot Subsidiary?

Alibaba Group announced that the company and Taiwan-based Foxconn have made strategic investments of JPY14.5 billion, which is about CNY732 million, into SoftBank Robotics Holdings Corporation. Under the agreement signed by the three parties, Alibaba and Foxconn will hold a 20% stake in SBRH, respectively; while SoftBank will own the remaining 60%. Alibaba, Foxconn and […]


Hon Hai Signs Five New Big Data Projects In Guizhou

Hon Hai Precision Industry, parent company of Foxconn, announced that they have signed five major agreements with Guizhou to enhance investments in the province. Of the five agreements, three were signed with Gui’an New District, including Foxconn’s cloud computing, semiconductor equipment manufacturing, and health Lohas industrial park projects. Meanwhile, the company will team with Peking […]


HP, Foxconn Establish Cloud Server JV

HP and Foxconn announced that the two parties have established a joint venture for the development of servers designed for cloud computing services. According to the two companies, they signed an agreement to set up a non-equity joint venture on May 1, 2014. Ownership splits and capitalization schedules for the new entity were not released. […]