UPDATE 1-Foxconn plans 10-12 new Indian facilities by 2020 -chairman GUIYANG, China May 26- Taiwan's Foxconn Technology, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centers, by 2020, Chairman Terry Gou said on Tuesday. The announcement makes Foxconn the latest tech powerhouse to set its sights on the world's second-most populous nation.
| By: Paul Carsten
Foxconn targets 10-12 facilities in India by 2020, chairman says GUIYANG, China, May 26- Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, company Chairman Terry Gou said on Tuesday. The company could spend a "few billion dollars" on developing the facilities, said Gou, whose company's listed...
Value investor: Bet on an eBay dividend Susan Byrne, founder and chairman of Westwood Holdings, is making a bet that eBay will likely issue a dividend following the spin off of PayPal.
| By: Giovanny Moreano
Not as good as it gets for AAPL just yet: Pro Carl Icahn issued an open letter to Apple CEO Tim Cook stating that Apple is "dramatically undervalued." Ed Lee of Re/Code and Alex Gauna, of JMP Securities, weigh in and forecast Apple's future.
Apple's iPhone spreads spoils among Asian suppliers As Apple basks in the unprecedented demand for its latest iPhones, suppliers from Tokyo to Taipei are sharing in the spoils. The Financial Times reports.
Source: Financial Times
| By: Simon Mundy in Seoul and Kana Inagaki in Tokyo
At Sharp, decline marked by over-confidence, drift TOKYO, May 15- In private conversations early last year, executives at Japanese display maker Sharp Corp dubbed their new client "winning horse," reckoning. Within months, however, Sharp found it was sharing Xiaomi revenue as upstart rival Japan Display also struck a deal to supply the Chinese firm with its "in-cell" displays. Once among the top display suppliers to...
| By: Ritsuko Ando
UPDATE 2-Bombardier to cut 1,750 jobs, 15 pct, in business-jet unit MONTREAL/ TORONTO, May 14- Bombardier Inc said Thursday it plans to cut 1,750 jobs in its business-jet division, about 15 percent of jobs in that unit, due to weaker demand, in the latest setback for the Canadian train and aircraft maker. "Economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, have impacted order...
| By: Allison Lampert and Allison Martell