Foxconn, Apple’s contract manufacturer, to manufacture own products

By Sophie Chapman
The contract manufacturer based in Taiwan, Foxconn, has announced its new business model, Reuters reported. The company, which is known for producing i...

The contract manufacturer based in Taiwan, Foxconn, has announced its new business model, Reuters reported.

The company, which is known for producing iPhones for the US-technology giant, Apple, wants to combine hardware and software in its integrated solutions, such as cloud computing.

The news was announced on 6 June at the launch of Foxconn’s three-day-long event to mark having worked in China for 30 years.

The firm has worked with autonomous vehicle startups as well as producing display screens following its Sharp Corp acquisition.

The firm has made several other deals recently, such as Sharp’s plan to acquire Toshiba Corp’s personal computer unit for US$36mn.

SEE ALSO:

The new business model follows the news that Foxconn’s stock had fallen by almost 20% since the end of 2017.

“We have built data centers for many of our customers, but we're not known to provide data center services,” Louis Woo, Special Assistant to Terry Gou, Chairman of Foxconn, informed Reuters.

“In the future since we're having all these pieces, we can put them together to provide a technical service to a business customer.”

Share

Featured Articles

COP28: GMIS unites manufacturing sector for decarbonisation

The Global Manufacturing & Industrialisation Summit joins COP28, in what Managing Director, Namir Hourani, hopes will create ‘a sustainable future’

Panel round-up for Manufacturing Digital LIVE

At Manufacturing Digital LIVE, experts will share their exclusive insights at two panels, covering leadership in manufacturing and sustainability

Driving sustainable fashion supply chains with TrusTrace

New Look has partnered with TrusTrace to reduce its carbon footprint & track emissions. TrusTrace CEO Shameek Ghosh tells us about supply chain visibility

The impact of 5G technology in the manufacturing industry

Technology

Manufacturing Digital LIVE: Tech, sustainability & more

Smart Manufacturing

COP28 to discuss emission reduction in pharma manufacturing

Sustainability & ESG