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
Monday, Sep 242012, 7:26 AMFoxconn 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. |Monday, Sep 242012, 7:26 AM| 6 Comments
Monday, Aug 62012, 5:47 AMApple (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." |Monday, Aug 62012, 5:47 AM| 1 Comment
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