YHD - Delayed Quote • USD Hon Hai Precision Industry Co Ltd (HHPG.L) Follow - - (-) At close: June 28 at 6:07 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100 Hon Hai Technology Group ("Foxconn") (TWSE:2317) announced its worldwide operations will run fully on green electricity by 2040 and has joined the global initiative RE100, in a milestone on Earth Day 2024 that adds the world's largest electronics manufacturer and technology solution provider among the most influential businesses committed to 100% renewable electricity. Foxconn posts 9.6% revenue decline in Q1 Foxconn, the company best known for assembling Apple's (AAPL) iPhones, reported that its first quarter revenue fell 9.6% from a year ago. Foxconn, which is formally known as Hon Hai Precision Industry (2317.TW, HNHPF), expects sales to grow in the current quarter. in the video above, Yahoo Finance's Brad Smith and Seana Smith discuss the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Stephanie Mikulich Foxconn Expects Second-Quarter Growth After Higher March Revenue Foxconn reported higher March revenue, thanks to strong demand for cloud and consumer-electronics products, and said it expects growth in the second quarter despite the impact of a big earthquake that hit Taiwan this week. Taiwan’s Stock Market Holds Firm After Earthquake Taiwan’s stock market was relatively resilient on Wednesday, after the island was hit by a 7.4-magnitude earthquake. The quake hit Taiwan’s east coast around 8 a.m. local time, leading to at least seven deaths and dozens of injuries, according to Taiwan’s fire department. The quake is the strongest to hit Taiwan since 1999, a search of the U.S. Geological Survey database showed. EV Tech OEM Indigo Technologies Closes Strategic Investment From Foxconn To Accelerate Its Smart EVs Solutions for Sustainable Ride Hail, Delivery & More Indigo Technologies, a robotics focused Smart EV OEM with breakthrough road sensing SmartWheels™ invented by team out of MIT, today announced it has received a strategic investment from Hon Hai Technology Group (Foxconn). The investment, which recently gained regulatory approval after being first announced late last year, accelerates Indigo, the US automotive tech innovator in its development of smart, smooth and efficient light utility EVs designed for sustainable ride hail, delivery and autono Foxconn Sees Significant Growth Driven by AI Demand The contract manufacturer reported a rise in fourth-quarter net profit and forecast significant growth this year, boosted by investments in AI. Lordstown Receives Approval of First Day Motions Lordstown Motors Corp. (Nasdaq: RIDE), ("Lordstown" or the "Company"), today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") entered orders (or indicated it would enter orders) granting approval, on an interim or final basis (as applicable to the requested relief), of all of the Company's "first day" motions filed in its chapter 11 cases (the "Chapter 11 Cases") on June 27, 2023 (the "Petition Date"). Lordstown Motors Announces Strategic Restructuring Process Lordstown Motors Corp. (Nasdaq: RIDE), ("Lordstown" or the "Company"), an original equipment manufacturer (OEM) of electric light-duty vehicles focused on the commercial fleet market, today announced a strategic restructuring process to maximize the value of its assets: its on-the-road Endurance all-electric (EV) pickup truck and the intellectual property, platform and people that developed it.
