Latest news with #HonHaiPrecisionIndustryCo.
29-05-2025
- Automotive
Hon Hai to Reveal 2nd Japanese Automaker Partner
News from Japan May 29, 2025 20:06 (JST) Taipei, May 29 (Jiji Press)--Taiwanese contract electronics manufacturer Hon Hai Precision Industry Co. will shortly announce its second Japanese partner to which it will supply electric vehicles, its chairman, Young Liu, said at a shareholders meeting on Thursday. Hon Hai's first such partner is Mitsubishi Motors Corp., which plans to sell EVs supplied by Hon Hai in Australia and elsewhere from the second half of 2026. Liu also said that his company is in talks with two more Japanese automakers, but did not give further details. He has earlier said that Hon Hai has been in touch with Nissan Motor Co. and Honda Motor Co. END [Copyright The Jiji Press, Ltd.] Jiji Press
Time of India
19-05-2025
- Business
- Time of India
Apple partner Hon Hai injects $1.5 billion into India unit
Hon Hai Precision Industry Co., the main manufacturer of Apple Inc .'s iPhones, will inject $1.5 billion into its India unit as production shifts away from China. The Taiwan-based company said in an exchange filing on Monday that it had made the investment through its Singaporean subsidiary. Hon Hai, which is building new plants and adding production capacity in southern India, didn't immediately respond to an emailed request for comment. Apple is looking to import most of the iPhones it sells in the US from India by the end of next year, drawing the wrath of US President Donald Trump , who said last week he'd asked Apple Chief Executive Officer Tim Cook to stop building plants there. Trump's comments accelerate a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. Apple makes most of its iPhones in China and has no smartphone production in the US — though it's promised to hire more workers at home and pledged to spend $500 billion domestically over the next four years. Hon Hai is also increasing its investments in the US to mitigate geopolitical risks such as the impact of further tariffs. The bulk of India-made iPhones are assembled at Hon Hai's factory in southern India. Tata Group's electronics manufacturing arm, which bought Wistron Corp.'s local business and runs Pegatron Corp.'s operations in India, is another key supplier. Apple assembled $22 billion worth of iPhones in India in the 12 months through March, increasing production by nearly 60% over the previous year.
Time of India
19-05-2025
- Business
- Time of India
Apple partner Hon Hai injects $1.5 billion into India unit
Synopsis Hon Hai Precision Industry Co., Apple's primary iPhone manufacturer, is investing $1.5 billion in its Indian unit, signaling a production shift away from China. This move aligns with Apple's strategy to diversify its manufacturing base amid geopolitical tensions and potential tariffs. The majority of iPhones made in India are assembled at Hon Hai's southern India factory.
Bloomberg
19-05-2025
- Business
- Bloomberg
Apple Partner Hon Hai Injects $1.5 Billion Into India Unit
Hon Hai Precision Industry Co., the main manufacturer of Apple Inc. 's iPhones, will inject $1.5 billion into its India unit as production shifts away from China. The Taiwan-based company said in an exchange filing on Monday that it had made the investment through its Singaporean subsidiary. Hon Hai, which is building new plants and adding production capacity in southern India, didn't immediately respond to an emailed request for comment.
Bloomberg
05-05-2025
- Business
- Bloomberg
IPhone Maker Hon Hai's April Sales Surge 26% Ahead of US Tariffs
Hon Hai Precision Industry Co., the main contract manufacturer for Apple Inc. and Nvidia Corp., said its April revenue rose 26%, likely boosted by the hastening of orders ahead of US tariffs that could upend business for its customers. Sales in April reached NT$641.4 billion ($21.4 billion). That contributed to Hon Hai's best ever total for the first four months of the year, the company said on Monday, crediting 'strong pull-in momentum' for things like AI products.
