Foxconn Technology Group, the world’s biggest contract manufacturer for electronics, is deepening its investment in Lordstown Motors Corp., a once-troubled EV startup that recently began building its first all-electric pickup truck at a former General Motors Co. plant Read more
Tag: electrical components
All eyes on China as Apple and Foxconn outline zero-COVID issues. Meanwhile, cases are rising again in the U.S.
China’s strict zero-COVID policy was making headlines Monday after Apple and iPhone manufacturer Foxconn said over the weekend that restrictions are crimping production and will delay shipments of the high-end Read more
All eyes on China as Apple and Foxconn outline zero-COVID issues. Meanwhile, cases are rising again in the U.S.
China’s strict zero-COVID policy was making headlines Monday after Apple and iPhone manufacturer Foxconn said over the weekend that restrictions are crimping production and will delay shipments of the high-end Read more
Apple stock dips amid questions about iPhone production disruptions at Foxconn
Apple Inc. continues to be dogged by concerns about the pandemic’s impact on production after recent reports indicated that strict COVID-19 restrictions in China were affecting Foxconn, which manufactures iPhones. Read more
Schneider Electric revenue beats forecasts
Schneider Electric SE on Thursday backed its 2022 targets as its third-quarter revenue increased, beating analysts expectations. The French energy management and automation group SU, +0.96% said revenue rose to Read more
Rexel probe, Schneider Electric and Legrand indicted after French pricing probe
Rexel SA said Friday that one of its business units has been placed under formal investigation for an alleged breach of French competition rules governing prices. The company RXL, -1.66% Read more
Generac stock rocked after profit warning due to weakness in home generator business
Shares of Generac Holdings Inc. suffered a record selloff on Wednesday after the manufacturer of home generators and solar equipment issued an earnings warning and cut its growth outlook, citing Read more
Aveva agrees to $10.79 billion by Schneider Electric
Aveva Group PLC said Wednesday that it has agreed to a 9.48 billion pound ($10.79 billion) takeover by its major shareholder French energy management and automation group Schneider Electric SE. Read more