Crunch worsening, Hon Hai says
COMPONENTS ISSUE: Hon Hai’s Young Liu said that although prices for components and raw materials have increased, their influence on the company would be limited
Bloomberg
Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), yesterday said that a global supply crunch that has hit the consumer electronics and automaking industries will worsen this quarter, after it weathered component shortages to post better-than-expected quarterly profit last quarter.
The world’s largest contract electronics manufacturer and main assembler of iPhones reported net income of NT$28.2 billion (US$1 billion) in the first quarter, beating the average NT$24.4 billion of adjusted analyst estimates.
Fisker and Foxconn sign framework agreements for Project PEAR; new FP28 platform
Fisker Inc. has signed framework agreements with Hon Hai Technology Group (Foxconn) supporting joint development and manufacturing related to Project PEAR (Personal Electric Automotive Revolution), a program to develop a new breakthrough electric vehicle. (Earlier post.)
Under the agreements, Fisker and Foxconn will jointly invest into Project PEAR, with each company taking proceeds from the successful delivery of the program. Fisker will work with Foxconn on a new lightweight platform designated FP28, leveraging technological expertise from each company to support Project PEAR and potential future vehicles.
In order to deliver on our promise of product breakthroughs from Project PEAR, we needed to rethink every aspect of product development, sourcing, and manufacturing. Our partnership with Foxconn enables us to deliver those industry firsts at a price point that truly opens up electric mobility to t
2021/05/14 14:15 Foxconn logo (Reuters photo) Foxconn logo (Reuters photo) TAIPEI (Taiwan News) Taiwanese electronics manufacturer Foxconn Technology Co. and electric carmaker Fisker Inc. signed a seven-year deal on Thursday (May 13) to develop and manufacture a new electric vehicle (EV). The EV will go into production somewhere in the U.S. by the end of 2023 and will be sold under the Fisker brand in North America, Europe, India, and China, according to TechCrunch. The site for the American plant was not disclosed, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Wisconsin, which is slated to host a future Foxconn future facility, Reuters reported.