2024-03-14 09:35:49
Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand (Kosaku Narioka/Wall Street Journal)
https://www.
Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand (Kosaku Narioka/Wall Street Journal)
https://www.
Biden trolls Trump by unveiling new $3bn facility on site of failed FoxConn plant | The Independent
https://www.independent.co.uk/news/world/americas/us-politics/biden-trump-microsoft-center-foxconn-b2541755.html
Biden touts new Microsoft AI center on site of Trump’s failed Foxconn deal
President Biden will champion a new Microsoft artificial intelligence investment in Wisconsin on Wednesday
— showcasing the failed economic commitments of his political rival Donald Trump, whose promises for a key Foxconn plant in the battleground state never materialized.
The president will appear in Racine, Wis., at the site of the failed Foxconn manufacturing campus,
to announce Microsoft’…
Foxconn reports Q1 revenue down 9% YoY to ~$40.9B, net profit up 72% YoY to ~$679M, and consumer electronics was 48% of its revenue while cloud was 28% (CNBC)
https://www.cnbc.com/2024/05/14/apple-supplier-foxc…
Sources: Foxconn is considering a new rotating CEO system, a major and unusual overhaul to nurture talent; a source says the plan is a response to investors (Yimou Lee/Reuters)
https://www.reuters.com/technology/foxconn-considers…
I still can’t believe that so many people in southeast Wisconsin thought the #Foxconn deal was going to amount to anything (it didn’t). Instead, #Microsoft got what I assume is a sweetheart deal on the abandoned property with $500 million in public infrastructure already in place
From: @…
https://geeknews.chat/@theregister/112407875742077592
I still can’t believe that so many people in southeast Wisconsin thought the #Foxconn deal was going to amount to anything (it didn’t). Instead, #Microsoft got what I assume is a sweetheart deal on the abandoned property with $500 million in public infrastructure already in place
From: @…
https://geeknews.chat/@theregister/112407875742077592
Sources: Apple COO Jeff Williams makes a rare visit to Taiwan to celebrate Foxconn's 50th anniversary, joining SVP of Operations Sabih Khan at a gala event (Bloomberg)
https://www.bloomberg.com/news/articles/202…
Foxconn Chair Young Liu says the company implemented a rotating CEO system this month, aiming to nurture successors, choosing a leader from its six businesses (Yimou Lee/Reuters)
https://www.reuters.com/technology/apple-supplier-f…