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Terry Gou to step back from ‘front line’ at iPhone assembler Foxconn as it expands into India, AI

Terry Gou Tai-ming, the billionaire founder and chairman of iPhone assembler Foxconn Technology Group, plans to step back from day-to-day operations, making room for younger management to run the world’s largest electronics contract manufacturer.A spokesman for Foxconn, formally known as Hon Hai Precision Industry, said Gou aims to sharpen his focus on the company’s strategic direction, denying earlier reports that he aims to resign or retire.“I’m already 69 years old. I hope to pass down my 45… Source link

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Terry Gou accuses Microsoft of ‘scapegoating’ iPhone assembler Hon Hai, bullying Taiwanese companies and taking advantage of US-China trade war

Billionaire Terry Gou accused Microsoft of being a coward and a bully after the US software giant took legal action against consumer electronics manufacturer Hon Hai for allegedly failing to comply with a patent-licensing agreement. Microsoft on Friday sued the Taiwanese company, which assembles iPhones for Apple, in California for failing to make royalty payments on time. Gou, who is chairman of Hon Hai, held a press briefing in Taipei on Tuesday, railed at the US tech giant, now… Source link

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Apple’s iPhone assembler Foxconn to cut costs for 2019 ahead of tough times

Apple’s iPhone assembler Foxconn Technology is cutting expenses for 2019 in anticipation of tougher conditions, according to a person familiar with the matter. The cost-cutting is part of the year-end exercise where different departments submit their budget estimates for the next year, the person said, asking not to be named as the information is private. The contract manufacturer, also known as Hon Hai Precision, aims to cut 20 billion yuan (US$2.9 billion) from expenses next year, Bloomberg News earlier reported, citing an internal memo. Foxconn chairman sees biggest challenge in…

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