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Showing posts with label Foxconn. Show all posts
Showing posts with label Foxconn. Show all posts

Foxconn | To Open Self-Driving Facility In Michigan



Foxconn, the world’s largest manufacturer responsible for Apple’s iPhone and iPad, has announced another multibillion dollar U.S. investment, this time in a Michigan self-driving facility.
The Taiwanese-based manufacturer will use the Michigan facility to develop self-driving technologies. The state has been very progressive in its legalization of self-driving cars without a backup driver, alongside its tax incentives and subsidies to manufacturers.
See Also: University of Michigan launches its own driverless shuttle service
“Automotive development in the U.S. is still more advanced than China,” said Terry Gou, founder of Foxconn, to South China Morning Post. “Besides self-driving technology, I’m also interested in artificial intelligence and deep learning technology.”
Foxconn did not confirm the size of the investment or if the facility will ever manufacture autonomous cars or parts for automakers.
It is the second U.S. plant announcement by Foxconn this year, the first being a $10 billion LCD display panel facility in Wisconsin. The Washington Post said Foxconn will receive $3 billion in state tax breaks for the facility; a cost of around $230,700 per state worker.

Michigan one of a handful of driverless hubs

Michigan is one of a few self-driving hubs inside the U.S., looking to win over automakers and tech companies before federal regulations standardize autonomous tests. It legalized self-driving tests without a driver earlier this year, and invested heavily in a test town for automakers.
The results have been mixed, while the state has most of the big automakers – General Motors, Ford, and Toyota – testing autonomous cars, technology oriented firms – Waymo, Uber, and Tesla – have remained on the West coast, in Arizona and California.

BlackBerry Inks Deal With Foxconn After $4.4 Billion Loss

Blackberry

Struggling BlackBerry has inked a five-year deal with Foxconn to make phones for the Indonesian and other "fast-growing markets" following a $4.4 billion third-quarter loss.
In a press release explaining the move, CEO John Chen said he sees those foreign markets as a key to a BlackBerry turnaround.

"This partnership demonstrates BlackBerry’s commitment to the device market for the long-term and our determination to remain the innovation leader in secure end-to-end mobile solutions,” Chen said. “Partnering with Foxconn allows BlackBerry to focus on what we do best –- iconic design, world-class security, software development and enterprise mobility management — while simultaneously addressing fast-growing markets leveraging Foxconn’s scale and efficiency that will allow us to compete more effectively."
The move comes as BlackBerry has reported a GAAP loss of $4.4 billion for its third quarter. Revenues for the quarter were $1.2 billion, down 24% from the previous quarter. During the quarter, the company "recognized hardware revenue" on about 1.9 million BlackBerry smartphones compared to 3.7 million in the previous quarter.
Investors seem to like the direction: BlackBerry's stock was up about 3% in premarket trading.
The Asia Pacific market hasn't been a huge source of revenues for BlackBerry. According to the company, the region accounted for $169 million in sales, or 14.2%, in the third quarter, almost exactly the same proportion as a year ago.