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FIH Mobile Ltd ADR (FXCNY)

- OTCPK - Current
  • Sep. 24, 2012, 7:26 AM
    Foxconn shuts one of its Chinese factories after a dormitory brawl escalates into a violent riot involving maybe 2K workers. About 79K work at the Tiayuan plant, which may make the back plate for the new iPhone 5. However, others say Apple has little exposure there. Foxconn falls 2.6% in Hong Kong. Parent Hon Hai falls 1% in Taiwan.  AAPL -0.7% premarket.
    | Sep. 24, 2012, 7:26 AM | 6 Comments
  • Aug. 6, 2012, 5:47 AM
    Apple (AAPL), a major Sharp customer, is probably closely watching Foxconn's attempts to renegotiate its 9.9% investment in the Japanese company after its shares plunged last week following a profit warning and fell another 5.7% today. "Apple needs Sharp," says analyst Alberto Moel. "Sharp’s capacity is large enough that if it were taken offline, it could hurt Apple."
    | Aug. 6, 2012, 5:47 AM | 1 Comment
  • Jul. 6, 2012, 3:09 AM
    Amazon (AMZN) is developing a smartphone with Foxconn based on Google's Android, reports Bloomberg, which adds that the company is looking to buy wireless patents to help defend it against any allegations of IP infringements.
    | Jul. 6, 2012, 3:09 AM | Comment!
  • Aug. 1, 2011, 9:40 AM
    Foxconn (FXCNY.PK) plans to deal with the issue of skying wages and a spike in worker suicides by putting 1M robots into service within the next three years. The computer assembly giant, maybe best known for putting together iPhones and iPads, employs 1.2M humans at the moment. Shares +4.3% in Hong Kong.
    | Aug. 1, 2011, 9:40 AM | 4 Comments
  • May 24, 2011, 2:11 PM
    Most iPad2s (AAPL) are produced at Foxconn’s (FXCNY.PK) Shenzhen facility, not the Chengdu plant where Friday's explosion took place, so estimates for a 2.8M-unit hit to production are “too pessimistic,” iSuppli's Dale Ford writes. The impact will be short-term, since there are more than 10 factories at Chengdu and the explosion occurred on the third floor of one of the buildings.
    | May 24, 2011, 2:11 PM | 1 Comment
  • May 23, 2011, 9:46 AM
    A 3rd death is confirmed from Friday's explosion at a Foxconn (FXCNY.PK) plant in China where iPads (AAPL) are built. The company suspends polishing operations at all of its facilities, but has enough supply on hand to continue producing for one week. After opening sharply lower in Taiwan last night Foxconn shares close +1.5%.
    | May 23, 2011, 9:46 AM | Comment!
  • May 20, 2011, 12:53 PM
    An explosion at a plant of Foxconn's (FXCNY.PK -1.6%) - key supplier/builder for Apple (AAPL -0.7%) iPads and iPhones - has reportedly killed at least two and injured 16.
    | May 20, 2011, 12:53 PM | 1 Comment
  • Apr. 20, 2011, 8:33 AM
    Apple's (AAPL +1.5%) next-generation iPhone will have a faster processor, and will begin production in the summer and shipping in September, sources say. Suppliers include Foxconn (FXCNY.PK), which makes the case and assembles the device.
    | Apr. 20, 2011, 8:33 AM | Comment!
  • Jan. 28, 2011, 9:30 AM
    Apple's (AAPL) manufacturing partner Foxconn's (FXCNY.PK) retail chain Cybermart has permission to distribute Apple gear through the East. On April 1, Cybermart will open the first of 500 planned Apple-licensed retail shops in China, Hong Kong, and Taiwan. This will help boost Apple's already considerable momentum in Asia.
    | Jan. 28, 2011, 9:30 AM | Comment!
  • Jan. 25, 2011, 9:44 AM
    Sources says Apple (AAPL -0.7%) has selected Taiwan-based contract manufacturer Pegatron to produce 'at least' 10M iPhone 5 units. Given Apple will probably also use Foxconn (FXCNY.PK) to produce the device, the initial batch of the model could be much bigger. Pegatron is trying to fulfill its existing 12M to 15M iPhone 4 order.
    | Jan. 25, 2011, 9:44 AM | Comment!
  • Jan. 21, 2011, 12:11 PM
    A Chinese newspaper recirculates the story about the green critique of Apple's (AAPL -0.8%) oversight of its suppliers. It quotes the report's author as saying: "What is troublesome is Apple's lack of responsiveness and refusal to disclose information on its suppliers." Other vendors have been more proactive with their partners.
    | Jan. 21, 2011, 12:11 PM | Comment!
  • Jan. 20, 2011, 8:34 AM
    Chinese green groups hammer Apple (AAPL -0.3%) for inadequately overseeing its suppliers' environmental and work safety standards. For instance, some 49 Chinese workers in factories making Apple gear were poisoned. Apple insists it audits supplier behavior - but one critic accused it of driving "the suppliers to cut corners to win their contracts."
    | Jan. 20, 2011, 8:34 AM | Comment!
  • Dec. 17, 2010, 1:03 PM
    One positive in the recent theft of Apple (AAPL) secrets: such leaks are rare. But the downside is Apple is vulnerable when it depends on faraway contract factories to assemble its designs. But it's also "sad that the U.S. just doesn’t make things anymore."
    | Dec. 17, 2010, 1:03 PM | 5 Comments
  • Dec. 10, 2010, 10:14 AM
    Contract electronics manufacturer Foxconn (FXCNY.PK) says its Chinese workforce is 1M and growing. The largest private employer in China, it recently faced labor woes that resulted in 30% monthly wage increases for factory workers. Apple (AAPL) and Hewlett-Packard (HPQ) are Foxconn customers.
    | Dec. 10, 2010, 10:14 AM | Comment!
  • Nov. 23, 2010, 12:07 PM
    Sources say Foxconn (FXCNY.PK) went live with new iPad (AAPL -1.6%) manufacturing plants to meet anticipated seasonal demand for the device. But Foxconn still faces labor unrest and supply chain bottlenecks. Q4 iPad shipments could exceed 7M units.
    | Nov. 23, 2010, 12:07 PM | Comment!
  • Nov. 19, 2010, 11:46 AM
    Chinese electronics manufacturer Foxconn (FXCNY.PK), a key producer of iPhones (AAPL) and iPads, faces worker protests over pay and relocation plans. The company has promised to improve working conditions and raised wages.
    | Nov. 19, 2010, 11:46 AM | 3 Comments
Company Description
Foxconn International Holdings (FIH)-- a subsidiary of the world's largest and fastest growing multinational company in the fields of manufacturing services providers (including CEM, EMS, ODM and CMMS players) for Computer, Communication and Consumer... More
Industry: Appliances
Country: China