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You are here: Home / Archives for Foxconn

Foxconn

Sharp & Foxconn Stiff Korean Factory Equipment Suppliers on Money Owed

October 31, 2019 by Ted Leave a Comment

Image of Sharp logo

Korean media is reporting that Sharp, the former Japanese powerhouse brand now owned by Taiwan’s Foxconn, is late on approximately tens or even hundreds of millions of dollars worth of payments to Korean factory gear makers. Not only are they late, but they are said to be demanding even more discounts on the outstanding debt owed to multiple South Korean suppliers of factory equipment destined for use in LCD production factories. All of this is being done in violation of covenants in their purchase contracts with these suppliers.

This dispute may raise to level of government intervention.

What is Sharp & Foxconn doing? And why?…

[Read more…] about Sharp & Foxconn Stiff Korean Factory Equipment Suppliers on Money Owed

Filed Under: Associations, Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: Foxconn, LCD panels, Sharp, South Korea

I Smell a Scam

January 31, 2019 by Ted 2 Comments

Photo of Foxconn's Terry Gou & Scott Walker

The headline caught my attention immediately – “Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant.” This story, from the highly respected Reuters News Agency, follows a series of articles on Foxconn’s growing business struggles in the wake of a decline in sales to Apple. But it immediately raised a red flag with me…

See why I question Foxconn’s motives…

[Read more…] about I Smell a Scam

Filed Under: Asian Connection, Brands, Financial, Manufacturers, Strategy Tagged With: Donald Trump, Foxconn, Hon Hai Precision Industry Co., Scott Walker, Terry Gou, Tony Evers

Foxconn Cuts 50,000 Jobs as iPhone Pain Continues

January 23, 2019 by Ted Leave a Comment

Hon Hai Precision Industry Co., the Apple, Inc. primary supplier better know as Foxconn, has cut more than 50,000 jobs as the pain from the dramatic drop in iPhone sales is taking its toll on the company. Not only that, but the company has fallen short of hiring goals to which it previously committed to the State of Wisconsin – losing major tax credits for this year.

Worse yet, the outlook for the near future, doesn’t look to improve any time soon.

See more on Foxconn’s trouble…

[Read more…] about Foxconn Cuts 50,000 Jobs as iPhone Pain Continues

Filed Under: Financial, Manufacturers, News, People Tagged With: Apple, employment, Foxconn, Hon Hai Precision Industry Co., iPhone, Terry Gou

Apple Supplier Foxconn Hit Hard by iPhone Sales Drop

January 16, 2019 by Ted Leave a Comment

Taiwan’s GDP Declines Due to Apple Cuts

Photo: Nikkei

We have followed Foxconn for years now, first picking up on them in 2012 when news had emerged that a significant Apple supplier was having problems with employees committing suicide – eventually forcing the company to install ‘suicide nets’ on their taller factories and offices to help thwart further suicide attempts. Foxconn has continued on to become one of Apple, Inc.’s largest iPhone supplier of parts and assembly.

Foxconn rode the rising iPhone wave, but what about now?…

[Read more…] about Apple Supplier Foxconn Hit Hard by iPhone Sales Drop

Filed Under: Asian Connection, Brands, Financial, Management, Manufacturers, News, Pivot Point, Tech Trends Tagged With: Apple, Foxconn, Hon Hai Precision Industry Co.

Foxconn’s Double Dose of Bad News

November 14, 2018 by Ted Leave a Comment

A Negative Financial Report & a New Wisconsin Governor Add to Headaches

No doubt about it, Apple Inc. supplier Foxconn has had a really bad week. First, last Tuesday Wisconsin voters kicked Republican Governor Scott Walker out of office, replacing him with Democrat Tony Evers. Then early this week, the company released financial results with disappointing earnings that missed analysts estimates. Both of these unrelated events have combined to cause market analysts to question the company’s strategy going forward.

See more on what these events mean bad news for Foxconn… [Read more…] about Foxconn’s Double Dose of Bad News

Filed Under: Asian Connection, Financial, Manufacturers, News, People, Pivot Point, Strategy Tagged With: Donald Trump, factory, Foxconn, Hon Hai Precision Industry Co., Scott Walker, Terry Gou, Tony Evers

Sharp Plans Major Investment in U.S., Paying Fealty to Trump

February 8, 2017 by Ted 1 Comment

Sharp investing in U.S.Sharp Corp., a subsidiary of Taiwan’s Hon Hai Precision Industry Co. which is better known as Foxconn, has said in Japan that it plans to make a major investment in the United States. This announcement precedes by just two days a summit meeting between Japanese and U.S. leaders and is seen as a political move to buy favor with both the Japanese and U.S. governments.

See more on this Sharp plan which originated with Foxconn’s CEO Terry Gou… [Read more…] about Sharp Plans Major Investment in U.S., Paying Fealty to Trump

Filed Under: Asian Connection, Management, News, Strategy Tagged With: Foxconn, Hon Hai Precision Industry Co., President Trump, Sharp, Shinzo Abe, Terry Gou

Sharp Hit With Pushback; Hisense Refuses to Rescind Licensing Deal

January 11, 2017 by Ted Leave a Comment

Hisense is Said to be ‘Defiant’

Graphic of Sharp's LogoNews sources in Japan are reporting that Hisense has fired back at newly aggressive Sharp negotiating tactics, saying firmly it will not relinquish the licensing rights to the Sharp brand name in North & South America, as the company has recently requested. Hisense paid heavily to obtain those rights, and despite the fact that Sharp has asked to terminate the deal, the company has no intention of doing so no matter the offer – or more recently – no matter the threat from Sharp.

See more on this developing Sharp soap opera… [Read more…] about Sharp Hit With Pushback; Hisense Refuses to Rescind Licensing Deal

Filed Under: Asian Connection, Brands, Management, Manufacturers, Marketing, News, Pivot Point, Products, Shows & Events Tagged With: CES, Foxconn, Hisense, Hon Hai Precision Industry Co., Sharp Corp.

Sharp Strikes Again – Terminates LCD Panel Supply to China’s Hisense

December 21, 2016 by Ted Leave a Comment

Sharp Parent Foxconn Appears to be Playing Global Hard Ball

Hisense logoJust days after we told you about Sharp’s decision to stop supplying LCD panels to global TV leader Samsung – a decision that shocked many in Japan – apparently, they’ve done it again. The Nikkei in Japan is reporting that panel pricing negotiations have apparently broken down between Sharp and China’s Hisense Group with the parties unable to agree on a fair price. As a result, Sharp has notified Hisense it will also stop supplying them with panels in 2017.

The industry is positively buzzing about these power moves by Sharp… [Read more…] about Sharp Strikes Again – Terminates LCD Panel Supply to China’s Hisense

Filed Under: Asian Connection, Industry Trends, Manufacturers, News, Pivot Point, Strategy Tagged With: Foxconn, Hisense, Hon Hai Precision Industry Co., Samsung, Sharp, Terry Gou

Power Move: Sharp to Terminate LCD Panel Supply to Samsung

December 15, 2016 by Ted Leave a Comment

‘Samsung Scrambling to Find New Sources’ – Looks to LG

Samsung logoThe media in Japan positively exploded this week with the shocking news that Sharp has notified Samsung it will no longer supply the world’s top seller of LCD TVs with the panels they need for their sets. Samsung was Sharp’s largest customer, but in a shocking power move, after negotiations broke down – Sharp said no deal.

Could this be a sign of a new Sharp, now that it’s part of Foxconn? [Read more…] about Power Move: Sharp to Terminate LCD Panel Supply to Samsung

Filed Under: Asian Connection, Brands, Industry Trends, Manufacturers, News, Pivot Point, Products, Strategy Tagged With: Foxconn, LCD panels, LCD TV, Samsung, Sharp, Terry Gou

Sharp in Negotiations to Buy Back Building Sold Only Months Ago

August 31, 2016 by Ted Leave a Comment

New Owner’s Moves Continue to Confound the Japanese Media

Graphic of Sharp's LogoNews comes out of Japan that the new owners of Sharp are in the process of buying back a building the old management sold off when seeking to improve profitability by reducing overhead. Now, new management – made up of former Foxconn executives – are doing an about-face and looking to repurchase the building, in a move that has Japanese media scratching their heads.

See more on this new course reversal from Sharp’s new managers… [Read more…] about Sharp in Negotiations to Buy Back Building Sold Only Months Ago

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Foxconn, Hon Hai Precision Industry Co., Sharp

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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