Foxconn
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Microsoft offloads Nokia feature phone business to Foxconn for $350M
Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today. At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to “create a new generation of Nokia-branded mobile… Read More
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Apple Reveals Solar Energy Programs To Clean Up Its Manufacturing Partners In China
Apple has plunged billions of dollars into making its global operations more efficient with renewable energy. The bulk of that push, which has won praise from Greenpeace, has come in the U.S. and Europe, but today Apple unveiled a suite of initiatives designed to make its business in China — the country where its revenue is positively booming — greener, too. Read More
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Fitness Wearable Developer Lemonade Lab Scores $5.8M From Foxconn Unit
Lemonade Lab, which develops sensors for athletes, has scored $5.8 million led by a Foxconn subsidiary. The Boston- and Tokyo-based startup will form a strategic partnership with FIH Mobile, which provides manufacturing services for mobile device makers. This is the latest in a string of hardware investments made by Foxconn, whose manufacturing clients include Apple, Microsoft and Acer, or… Read More
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Chinese manufacturing giant Foxconn, best known for being an Apple supplier, has made a strategic investment in the Cyanogen version of the Android mobile OS.