Hon Hai

Just a few weeks ago, Foxconn was apologising profusely for poor performance as rival contract manufacturer Pegatron was riding high on reports that it had won out over Foxconn, Apple’s main manufacturer, for a contract to make Apple’s upcoming cheaper version of its iPhone.

Things have changed. Now it’s Pegatron’s shares that are falling, battered by local reports that it is will not get as many orders as initially forecast, with Foxconn getting them instead.

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Reverberations from HP’s announcement that it intends to shed its PC business, the world’s biggest by volume, is being felt far and wide across the global IT industry. While no clear buyer has yet emerged, executives in the PC supply chain, analysts and even government officials are all trying to make sense of its impact.

Nowhere is this search for answers more urgent than in Taiwan, where much of the world’s PC supply chain resides. HP’s computers are assembled by Hon Hai, Quanta, Inventec and Wistron, all Taiwanese companies. Read more >>

Joseph Menn

An explosion ripped through a large manufacturing facility owned by key Apple supplier Hon Hai, better known as Foxconn, killing two and injuring 16, Chinese state media reported. Read more >>

If there was still any doubt that events have taken a definite turn for the worse for PC makers since the end of last year, February revenue numbers from the world’s biggest contract manufacturers should put them to rest.

Hon Hai, maker of Apple products (and also desktops for Dell), saw revenues fall by 18 per cent month-on-month. Taiwan’s Compal and Quanta, the top two contract notebook makers, saw revenues decline by 18 per cent and 22 per cent, respectively, compared to January. All came in well below analysts’ expectations. Read more >>