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Citing incredibly high demand for the iPhone 5 and quality control difficulties, Foxconn Chairman Terry Gou told Reuters that his company's Hon Hai Precision Industry unit is struggling to assemble enough of the devices to meet Apple's requirements for the latest iPhone. Talking to reporters ...

2 years ago 0 Comments
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The two-headed beast that is Foxconn / Hon Hai has just released its latest financials, showing that the oft-troubled manufacturer has seen profit margins jump around two percent. It brought in $24 billion (NT$ 711.0 billion) in net sales, generating a net profit of $1.3 billion (NT$ 30.2 billion)...

2 years ago 0 Comments
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Much of the business news out of Japan from Sharp hasn't been good, but for now at least it's worked out a loan agreement to keep rolling. It's still pursuing a deal with manufacturer Hon Hai Precision Industry / Foxconn that would provide a much-needed injection of capital, but those talks have r...

2 years ago 0 Comments
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Sharp has mortgaged its offices and factory buildings in order to raise the cash it needs to stay in business, according to Reuters. It's cut a deal with banks for nearly $2 billion in short-term credit secured on its assets -- including the factory that reportedly produces displays for the iPhone...

2 years ago 0 Comments