Foxconn Technology Group, best known for assembling Apple iPhones, will acquire Taiwan chipmaker Macronix International for approximately $90.8 million (T$2.52 billion) to boost its entry into the electric vehicle (EV) market. Foxconn earlier announced plans to assemble cars for EV startup Fisker and team up with Stellantis, manufacturer of Jeep and Chrysler, to develop in-car software. Macronix’s six-inch wafers are made of silicon carbide, regarded as preferable for tasks such as fast charging. Continue reading Foxconn Has Plans for Expansion, Buys Chipmaker Macronix

Due to iPhone sales that have been slower than expected, Apple has cut production orders for the three models it debuted in September, frustrating suppliers and the workers who assemble the phones. Of particular note is its lower-priced model, iPhone XR, which saw its 70 million planned production units plummet by up to one-third. Bedeviled by competition from China and an overall lagging smartphone market, last week Apple again cut its production numbers for the iPhone XR. Apple’s shares fell 4 percent to $185.86. Continue reading Apple Cuts iPhone Orders, Impacting Suppliers and Workers

Apple is planning to introduce higher-end AirPods, a next-gen HomePod and studio-quality over-ear headphones as early as 2019, say sources. With regard to the new AirPod, which will likely be priced more than the current earbuds’ $159, Apple is trying to increase the range that it can work away from an iPhone or iPad, and is adding noise-cancellation and water resistance against rain and sweat. A wireless charging case compatible with the upcoming AirPower charger is also in the works. Continue reading Apple to Roll Out Higher-End AirPods, Other Audio Products

Taiwanese electronics manufacturer Foxconn Technology Group announced that it has acquired a seven-story building in downtown Milwaukee that will serve as the company’s North American corporate headquarters. The new facility will employ 500 people and also house an innovation center that will focus on display technology. Foxconn, which purchased the downtown building from Northwestern Mutual, is additionally planning a major manufacturing complex about 30 miles south of Milwaukee in Racine County, expected to open in 2020. Continue reading Foxconn Selects Wisconsin for North American Headquarters

LG Display, a major panel supplier for Apple, will reportedly supply TV displays to rival Samsung as early as this year in a deal that is expected to replace the Sharp-Foxconn venture as a lead supplier to Samsung. A deal between LG Display and Samsung (the world’s largest television manufacturer) would mark a first for the South Korean rivals. Sharp and Foxconn are cutting back production of LCDs, which would also likely impact panel supply and display prices throughout the industry. Meanwhile, Sharp and Foxconn are considering expansion into the U.S. Continue reading LG Display Signs Deal to Supply LCD TV Panels to Samsung