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FIT Hon Teng =11.0pt (6088-HK), a subsidiary of HonHai (2317-TW), has once again made its debut in the renowned the Red Dot Design Award, known as the Oscar of the Design Industry. This time, FIT focused on the hottest topic of AI and showcased its excellent design capabilities with its innovative 800G high-speed connector under the theme FITCONN, winning the Design Concept Award. This innovative solution not only adheres to the specifications and design rules of existing data cente. ....
1Q 2023 profit margins up on gross and operating basis First quarter revenue at record high for period; EPS NT$0.93, down on-year Current quarter performance expected to decline on-quarter and on-year Low visibility to keep full year outlook conservative 11 May 2023, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced its first quarter 2023 financial results. In the January-March quarter, revenue reached a new record for the period, while profit margins on a gross and operating basis both rose. However, EPS in the first quarter was NT$0.93, down from a year earlier due to asset impairment recorded by an investment company. Looking ahead to the second quarter, with pandemic-driven demand ending to give way to a period of inventory adjustment in the industry, on top of off-peak seasonality, performance in the current quarter will decline on a sequential and annual basis. The outlook for the full year remains f ....
Uniindia: Hyderabad, Mar 2 (UNI) A delegation led by Chairman Young Liu of HonHai Foxconn , a world famous company in the field of electronics, met Telangana Chief Minister K Chandrashekar Rao at Pragathi Bhavan here on Thursday. ....
Signed Manufacturing and Joint Venture Agreements for Product Development with Lordstown Motors, Gaining More Talented Employees and Targeting More EV OEM Clients12 May 2022, Taipei, Taiwan / Lordstown, Ohio. Hon Hai Technology Group (“Foxconn”) (TWSE: 2317), the world’s largest technology manufacturer and service provider, and Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE), an OEM of electric light-duty trucks focused on the commercial fleet market, have announced today the signing of a contract manufacturing agreement and a joint venture agreement for product development. As previously disclosed on Nov 11, 2021, Hon Hai and Lordstown entered into an Asset Purchase Agreement (APA) regarding LMC’s production plant in Lordstown, Ohio. The transaction and asset transfer were in progress and was approved by regulatory authorities. On May 12, 2022, Hon Hai announced the completion of the fa ....