Tags Foxconn

Microsoft offloads Nokia feature phone business to Foxconn for $350M

Nokia mobiles Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today. At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to “create a new generation of Nokia-branded mobile… Read More

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Natasha Lomas

May 18th

Gadgets

Mobile

Almost entire Sharp board will be replaced as Foxconn vows to turn the company around

Following the on-off-on-again acquisition of display-maker Sharp by Foxconn, the company has announced that 12 of the 13 board members – including CEO Kozo Takahashi – will step down once the takeover process is complete. The WSJ reports that the announcement follows deepening losses at the company.

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Filed under: iOS Devices Tagged: Apple suppliers, displays, Foxconn, screens, Sharp

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Ben Lovejoy

May 13th

Apple

Mac

iPhone decline hits Apple suppliers, say they see no upside in immediate sight

Apple’s decline in iPhone sales is unsurprisingly having a knock-on effect on its key suppliers, with the WSJ reporting that Foxconn, Pegatron, Sharp, Japan Display and Sony have all reported falling profits or losses as a result.

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Filed under: AAPL Company, iOS Devices Tagged: Apple suppliers, Foxconn, iPhone, iPhone 7, iPhone sales, japan display, Pegatron, Sharp, Sony

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Ben Lovejoy

May 12th

Apple

Mac

As expected, Sharp gearing up for large-scale OLED displays following Foxconn acquisition

It had always seemed obvious that Foxconn’s reason for buying display-maker Sharp was to acquire the capacity to make OLED displays for future iPhones – and a supply-chain report today supports this.

Sharp will set up one 4.5G and two 6G AMOLED production lines with monthly capacity of 13,000, 11,500 and 34,500 glass substrates respectively, with total monthly capacity of 9.85 million 5.5-inch equivalent panels.

While the source is Digitimes, this one seems likely to be at least broadly accurate.

Apple currently used OLED displays only in the Apple Watch, still relying on older LCD displays for the iPhone, but numerous reports suggest that the company plans to switch to OLED screens for iPhones at some point in 2017 or 2018.

Image: OLED display under microscope via Reddit


Filed under: iOS Devices Tagged: AMOLED, Foxconn, iPhone, OLED, Sharp

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Ben Lovejoy

April 6th

Apple

Mac

Foxconn seeking concessions from shareholding banks in attempt to rescue Sharp takeover

The Nikkei Asian Review reports the latest on the on-off-maybe acquisition of display maker Sharp by iPhone assembler Foxconn.

Various potential deals appear to be under discussion with both Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ. These include paying the banks less for the shares they hold, reducing the interest rate payable on a joint loan to Sharp and agreeing that the banks will provide financial support in the event that the feared liabilities do indeed materialize after the deal is done.

It was initially reported last month that the deal had been done before details of potential Sharp liabilities put it into doubt. Negotiations then resumed.

It had been suggested at one stage that Apple may help to support the deal, but as there has been no recent mention of this, we’d say this currently seems unlikely. Foxconn has, however, long played a role in helping keep Sharp afloat.


Filed under: AAPL Company Tagged: china, Foxconn, iPhone, Sharp, The Bank of Tokyo-Mitsubishi UFJ

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Ben Lovejoy

March 15th

Apple

Mac

Foxconn’s acquisition of Sharp reportedly back on track after earlier doubts; Apple’s involvement still unclear

Foxconn’s planned takeover of Sharp, to allow it to begin making displays for iPhones as well as assembling them, is reportedly back on track.

First reports of Foxconn’s interest in purchasing Sharp’s display division emerged last September, when it was reported that Apple would come on board as an investor. Foxconn made a $5.3B bid in January, and it was initially reported that the deal had been concluded last week.

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Filed under: iOS Devices Tagged: Apple Inc, Foxconn, iPhone, iPhone displays, Sharp, Sharp Corporation

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Ben Lovejoy

March 4th

Apple

Mac

Foxconn’s acquisition of Sharp reportedly back on track after earlier doubts; Apple’s involvement still unclear

Foxconn’s planned takeover of Sharp, to allow it to begin making displays for iPhones as well as assembling them, is reportedly back on track.

First reports of Foxconn’s interest in purchasing Sharp’s display division emerged last September, when it was reported that Apple would come on board as an investor. Foxconn made a $5.3B bid in January, and it was initially reported that the deal had been concluded last week.

more…


Filed under: iOS Devices Tagged: Apple Inc, Foxconn, iPhone, iPhone displays, Sharp, Sharp Corporation

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Ben Lovejoy

March 4th

Apple

Mac

Report: Apple manufacturer Foxconn acquires Sharp for $6.2 billion

screen-shot-2015-09-23-at-10-23-52-pm

Last month it was reported that Apple manufacturer Foxconn had bid $5.3 billion to acquire Japanese display maker Sharp, who has faced numerous financial and manufacturing difficulties over recent years. Now, Japanese news outlet Nikkei Asian Review reports that Sharp has accepted an offer from Taiwan’s Hon Hai Precision Industry, better known as Foxconn, for $6.2 billion.

It was initially reported last year that Foxconn was looking to acquire Sharp with an investment from Apple. That rumored deal proposed that Foxconn would hold a majority stake in the company, while Apple would be on the board as an investor. It’s unclear at this point if the deal Sharp accepted from Foxconn included an investment from Apple or not.

Sharp had faced a choice between Hon Hai’s takeover bid and support from the Innovation Network Corp. of Japan, a state-backed fund. The fund offered Sharp a 300 billion yen injection as well as a 200 billion yen credit line.

With Foxconn having now acquired Sharp, the company is put in a position where it can start to actually make iPhone components, going beyond its current role of assembling the devices.

Sharp’s Kameyama Plant No. 1 in Japan is solely dedicated to producing iPhone displays. Apple initially invested $987 million to transform the plant from an HDTV panel plant to a smartphone LCD factory.

Whether Apple is involved in the deal or not, it’s good news for the Cupertino company. iPhone displays are currently manufactured by Sharp, Samsung, and LG, with Foxconn handling the assembly process. For Apple’s part, it should no longer have to worry about one of its iPhone manufacturing partners going out of business and being unable to fulfill orders.

Apple has reportedly been beefing up its role in the display industry recently. The company reportedly opened a secret production laboratory in northern Taiwan last year to work on developing thinner and brighter displays. Should Apple play a role in the Foxconn acquisition of Sharp, it will gain access to a variety of new talent and resources. Even if Foxconn is the only player in the deal, Apple has such a strong relationship with the manufacturer that it will surely benefit from the deal.

We should know more about Apple’s role in the deal when Sharp and Foxconn officially release details. Until then, it’s unclear how big of a role Apple played in the acquisition process.


Filed under: AAPL Company Tagged: Apple, displays, Foxconn, iPhone, Sharp

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Chance Miller

February 25th

Apple

Mac

Report: Apple manufacturer Foxconn acquires Sharp for $6.2 billion

screen-shot-2015-09-23-at-10-23-52-pm

Last month it was reported that Apple manufacturer Foxconn had bid $5.3 billion to acquire Japanese display maker Sharp, who has faced numerous financial and manufacturing difficulties over recent years. Now, Japanese news outlet Nikkei Asian Review reports that Sharp has accepted an offer from Taiwan’s Hon Hai Precision Industry, better known as Foxconn, for $6.2 billion.

It was initially reported last year that Foxconn was looking to acquire Sharp with an investment from Apple. That rumored deal proposed that Foxconn would hold a majority stake in the company, while Apple would be on the board as an investor. It’s unclear at this point if the deal Sharp accepted from Foxconn included an investment from Apple or not.

Sharp had faced a choice between Hon Hai’s takeover bid and support from the Innovation Network Corp. of Japan, a state-backed fund. The fund offered Sharp a 300 billion yen injection as well as a 200 billion yen credit line.

With Foxconn having now acquired Sharp, the company is put in a position where it can start to actually make iPhone components, going beyond its current role of assembling the devices.

Sharp’s Kameyama Plant No. 1 in Japan is solely dedicated to producing iPhone displays. Apple initially invested $987 million to transform the plant from an HDTV panel plant to a smartphone LCD factory.

Whether Apple is involved in the deal or not, it’s good news for the Cupertino company. iPhone displays are currently manufactured by Sharp, Samsung, and LG, with Foxconn handling the assembly process. For Apple’s part, it should no longer have to worry about one of its iPhone manufacturing partners going out of business and being unable to fulfill orders.

Apple has reportedly been beefing up its role in the display industry recently. The company reportedly opened a secret production laboratory in northern Taiwan last year to work on developing thinner and brighter displays. Should Apple play a role in the Foxconn acquisition of Sharp, it will gain access to a variety of new talent and resources. Even if Foxconn is the only player in the deal, Apple has such a strong relationship with the manufacturer that it will surely benefit from the deal.

We should know more about Apple’s role in the deal when Sharp and Foxconn officially release details. Until then, it’s unclear how big of a role Apple played in the acquisition process.


Filed under: AAPL Company Tagged: Apple, displays, Foxconn, iPhone, Sharp

Check out 9to5Mac for more breaking coverage of AAPL Company, Apple, and iPhone.

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Chance Miller

February 25th

Apple

Mac

Digitimes: Wistron joining Foxconn for iPhone 5se production, dual suppliers for iPhone 7 models to lower risk

FILE-In this Wednesday, May 26, 2010, file photo, staff members work on the production line at the Foxconn complex in Shenzhen, China. Foxconn, the company that makes Apple’s iPhones suspended production at a factory in China on Monday, Sept. 24, 2012, after a brawl by as many as 2,000 employees at a dormitory injured 40 people. The fight, the cause of which was under investigation, erupted Sunday night at a privately managed dormitory near a Foxconn Technology Group factory in the northern city of Taiyuan, the company and Chinese police said.(AP Photo/Kin Cheung, File)

9to5Mac most recently reported Apple is planning to launch its new addition to the iPhone lineup on March 18th, a 4-inch ‘iPhone 5se’. Foxconn is leading production of the phone, as it does with most iPhone units. Digitimes is reporting that Apple is adding a new supplier to the mix to aid supply: Wistron.

Naturally, Wistron declined comment as 4-inch iPhone production is still a supposed secret. According to Digitimes, Apple is aiming to lower supply channel yield risks by contracting with multiple suppliers for iPhone models. This strategy will continue with iPhone 7 ….

Apple is moving to a supply chain setup where two manufacturers will be responsible for a particular phone size. The report indicates that the 4.7 inch iPhone 7 supply will be shared between Pegatron and Foxconn.

This matches the current iPhone 6s supply chain for the 4.7 inch screen size. For iPhone 7 Plus, Digitimes says the 5.5 inch phone will be made by both Wistron and Foxconn. The iPhone 5se assembly contract will help ramp Wistron for the millions of units demanded for the flagship iPhone 7 Plus later in the year.

Having two suppliers for each phone type increases competition for units (no doubt helping Apple’s profit margins) and reduces Apple’s supply-side risk. If one manufacturer encounters problems in production, the other company could step up to the plate. Although not much is known about the iPhone 7 yet, we expect to see it debut in the fall. The iPhone 7 is widely rumored to lose the 3.5mm headphone jack, replaced by Bluetooth wireless tech or Lightning headphones.

As usual, take some liberty with what you take from Digitimes. The accuracy of the publication is often sketchy, although it is generally more reliable on rumors relating directly to supply chain matters — like this story.


Filed under: AAPL Company, iOS, iOS Devices Tagged: DigiTimes, Foxconn, iPhone 5se, iPhone 7, suppliers, wistron

Check out 9to5Mac for more breaking coverage of AAPL Company, iOS Devices, and iOS.

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Benjamin Mayo

February 16th

Apple

Mac
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