Taiwan-based manufacturer Foxconn has finally agreed to a deal to take over Sharp. The Japanese electronics company was originally set to be taken over for $4.3 billion but the deal was suddenly put on hold for Foxconn to analyze Sharp's financial situation.
Sharp announced that a take over by Taiwanese manufacturing giant Foxconn has been agreed to the sum of $4.3 billion, but hours after release Foxconn stated that the deal has been placed on hold.
A new report has surfaced detailing how Apple supplier Pegatron is overworking employees more than the maximum 60 hours a week specified by Apple. Workers at the Shanghai plant need to put in more hours simply to make ends meet, according to the report.
A fire broke out on Sunday night at Foxconn's main iPhone manufacturing plant in Zhengzhou, China. No injuries have been reported, and Foxconn claims that the fire will not result in any production delays.
Foxconn has made an offer to purchase display maker Sharp for $5.3 billion (¥625 billion), according to The Wall Street Journal.
Both Foxconn and Apple are said to be mulling major investments in Sharp's display business, which would see Foxconn take a majority stake in the business.
Foxconn, Apple's primary manufacturing partner in China, saw a big boost in its earnings thanks to the popularity of Apple's latest iPhones.
Foxconn offers a glimpse of how workers live inside one of company's factories in China, where over 140,000 employees help to make products for Apple. The tour of Foxconn's Shenzhen factory in the south China province of Guangdon was given to Re/code, but with some restrictions. The actual factory floor where iPads and Macs are made was not part of the tour but it did show where...
Foxconn had a successful year, with a net profit increase of 22% over 2013, its highest earnings growth in five years, in part due to the popularity of Apple's new iPhones. Foxconn is Apple's primary manufacturing partner in China, building devices from iPhones and iPads to most of the Mac line. The contract between the two companies accounts for a good portion of Foxconn's revenue,...
Apple has released its annual supplier responsibility report for 2015 today, touching on the ways in which it has made progress towards ensuring its suppliers' workers are treated fairly. Overall, the report focuses on improvements in key areas such as health and safety, working hours, and worker education. In this years report, Apple says that it performed 633 audits on suppliers in...