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Foxconn

Foxconn’s Q1 profit to jump from low base, AI to power growth

TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker, is expected to report on Tuesday that...

Published 10 May, 2024 01:24pm

Markets

Foxconn shares surge 9.5% after Q4 profit beats market estimates

TAIPEI: Shares of Apple supplier Foxconn rose as much as 9.5% early on Friday to their highest in three years, a day...

Published 15 Mar, 2024 11:02am

Technology

Foxconn cancels first shift on Tuesday at Indian iPhone facility after extreme weather

BENGALURU: Taiwan’s Foxconn has cancelled the first shift on Tuesday at its Indian facility that makes Apple iPhones...

Published 05 Dec, 2023 10:59am

World

India approves $360m in investments in IT hardware sector

MUMBAI: The Indian government has approved investments worth 30 billion Indian rupees ($360.4 million) in the IT...

Published 19 Nov, 2023 03:14am

Technology

Foxconn faces tax audit, land use probe

BEIJING: Foxconn Technology Group , Apple Inc’s largest supplier of iPhones, has been subjected to tax audits at...

Published 22 Oct, 2023 11:31am

Technology

Tech giants Foxconn, Nvidia announce they are building ‘AI factories’

TAIPEI: Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create “AI...

Published 18 Oct, 2023 11:45am

Business & Finance

Foxconn boss sees potential to invest billions in India

TAIPEI: Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest “several...

Published 15 Aug, 2023 06:30am

Technology

Apple supplier Foxconn’s Q2 profit slips 1%, beats forecasts

Apple Inc supplier Foxconn reported on Monday a 1% drop in second-quarter net profit, as global economic woes hurt...

Published 14 Aug, 2023 12:55pm

Business & Finance

Foxconn plans $500m component factories in India

BENGALURU: Apple’s main supplier, Foxconn Technology Group, is planning to invest close to $500 million to build...

Published 07 Aug, 2023 06:34am

Business & Finance

Foxconn’s July sales drop 1.23% y/y, Q3 outlook better

TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker and a major supplier for Apple, said on...

Published 05 Aug, 2023 02:53pm

Technology

Foxconn to invest $600mn in India to make iPhone components, chipmaking equipment

BENGALURU: Taiwan’s Foxconn will invest $600 million in two projects in Karnataka state in southern India to make...

Published 02 Aug, 2023 03:30pm

Markets

Foxconn unit to sign $194mn components plant deal with India’s Tamil Nadu

CHENNAI: A Foxconn unit will on Monday sign an agreement with India’s Tamil Nadu state to build a new facility for...

Published 31 Jul, 2023 11:39am

Business & Finance

India’s Gujarat in talks with Foxconn for its semiconductor plant

AHMEDABAD: India’s Gujarat state is holding talks with Foxconn over a semiconductor plant, a top government official...

Published 12 Jul, 2023 05:45pm

Technology

Foxconn eyes India chipmaking incentives after quitting $19.5bn JV

TAIPEI/NEW DELHI: Taiwan’s Foxconn said on Tuesday it plans to apply for incentives that India is offering under its...

Published 11 Jul, 2023 01:53pm

Business & Finance

Foxconn dumps $19.5bn Vedanta chip plan in blow to India

TAIPEI/BENGALURU: Taiwan’s Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture...

Published 10 Jul, 2023 05:02pm

Technology

Foxconn to invest $246mn in 2 projects in northern Vietnam

HANOI: The world’s largest contract electronics maker and assembler, Foxconn, has received approval from Vietnam to...

Published 30 Jun, 2023 10:27am

Business & Finance

Foxconn predicts huge growth in AI server business

TAIPEI: Taiwanese tech giant and key Apple supplier Foxconn predicts three-digit growth for its artificial...

Published 05 Jun, 2023 03:27am

Technology

Modi’s chip making plan flounders as firms struggle to find tech partners

NEW DELHI/OAKLAND: Big companies including a Foxconn joint venture that bid for India’s $10 billion semiconductor...

Published 01 Jun, 2023 12:39pm

Technology

Foxconn sees AI driving strong server demand, but full year to be flat

TAIPEI: Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive...

Published 31 May, 2023 02:41pm

Business & Finance

iPhone maker Foxconn’s profits slump 56pc in Q1

TAIPEI: Profits for Taiwanese tech giant and key Apple supplier Foxconn fell 56 percent in the first quarter, it...

Published 15 May, 2023 06:41am

Business & Finance

iPhone maker Foxconn buys huge site in India tech hub

BENGALURU: Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub...

Published 09 May, 2023 05:18pm

Technology

Apple craze draws long queues at opening of first India store

MUMBAI: About 200 Apple fans hoping to be among the lucky few to enter the tech giant’s first retail store in India...

Updated 18 Apr, 2023 03:47pm

Technology

Apple supplier Foxconn wins AirPod order, plans $200mn factory in India

TAIPEI: Taiwanese contract manufacturer Foxconn has won an order to make AirPods for Apple Inc and plans to build a...

Published 16 Mar, 2023 01:55pm

Technology

Apple supplier Foxconn warns on consumer electronics demand as Q4 profit dips

TAIPEI: Apple Inc supplier Foxconn said on Wednesday it expected smart consumer electronics demand would decline...

Published 15 Mar, 2023 01:51pm

Business & Finance

Taiwan’s Foxconn seeks chip, EV cooperation with India

TAIPEI: Major Apple Inc supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like...

Published 04 Mar, 2023 10:36am

Business & Finance

Foxconn plans new India iPhone plant in shift away from China

BENGALURU: Apple will manufacture iPhones at a new plant in India, officials said Friday, as the US tech giant seeks...

Published 03 Mar, 2023 07:02pm

Technology

Apple targets raising India production share to up to 25%

NEW DELHI: Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade minister...

Published 23 Jan, 2023 02:09pm

Business & Finance

Foxconn’s COVID-hit China plant close to resuming full production

TAIPEI: Foxconn’s COVID-hit iPhone plant in China’s Zhengzhou city is almost back to full production, with its...

Published 03 Jan, 2023 11:03am

Technology

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan

TAIPEI: Apple supplier Foxconn expects its COVID-hit Zhengzhou plant in China to resume full production around late...

Published 05 Dec, 2022 10:22am

Markets

Nasdaq ends down as investors eye Black Friday sales, China infections

NEW YORK: The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading...

Published 28 Nov, 2022 05:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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