Foxconn has reached a deal with Sharp to acquire the Japanese firm for $3.5 billion, lower than the earlier announced figures, after an extended period of due diligence. Signatures will be exchanged in early April.
Foxconn has made a $5.3 billion bid for failing display manufacturer Sharp, and has also offered to pay off all the company's debts to Japanese creditors. It follows several bailouts from Japanese banks and a continued operating loss.
Apple has informed suppliers to scale back production of components for the iPhone 6S and 6S Plus, after lower than expected sales numbers. Suppliers might be forced to lower expectations until the iPhone 7 release, coming later this year.
Indian labourers may soon get to find out what it's like working for Foxconn producing Apple hardware, as the Indian government has granted permission for the construction of several new, high-tech electronics manufacturing facilities.
Roughly 1,000 Foxconn workers went on strike last week demanding an increase in overtime hours. The decrease was due to a reduced order by HP, with negotiations between workers and corporate lasting several hours.
High demand for the new iPhone 6 and 6 Plus, as well as display shortages for the larger model, has left manufacturer Foxconn struggling to fulfill orders. The company's production lines are reportedly operating 24/7, with 200,000 workers…
While Foxconn is thought to have hired around 100,000 extra workers to help with the assembly of the next iPhone, company boss Terry Gou says it's also planning to introduce 10,000 'Foxbots' to help automate the process.
Called USB Type C, the new connectors will feature an entirely new design with a smaller size, and most important, users will no longer need to be concerned with plug orientation -- no more fumbling behind that PC, in other words.
BlackBerry would love to get back to its former glory and it's hoping its announcement of the Z3 smartphone at Mobile World Congress 2014 will help. The device will be made by Foxconn and available in Indonesia in April.