Foxconn fails in bid to get an even bigger piece of the Apple pie

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hi-852-foxconn-workers
Nope. No good news in this box either.
Photo: Foxconn

Leading iPhone manufacturer Foxconn has failed to secure a stake in a Taiwanese chip company with the potential to earn massive amounts of cash from Apple.

Foxconn had made a bid for a share in Siliconware Precision Industries (SPIL), offering a share swap which would have made it the largest shareholder in the company.

Unfortunately for Foxconn, the proposal was shot down by SPIL’s board of directors on Thursday, who argued that Foxconn, “fails to make a compelling case regarding necessity of the share swap.”

iPhone manufacturers are battling for Apple’s business

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Tim Cook visits Foxconn, where Apple's iMacs are traditionally assembled.
Tim Cook visits Foxconn.
Photo: Apple

Stop the presses: supply chain companies really, really want Apple’s business.

According to a new report, key Apple manufacturers Foxconn and Advanced Semiconductor Engineering (ASE) are currently battling over control of a third company, Siliconware Precision Industries, a.k.a. SPIL. Why? Because it will help them win more orders from Apple, of course.

Foxconn posts record September revenues thanks to iPhone 6s

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Apple raked in the cash last quarter.
Can there be a better month than September if you're in the iPhone business?
Photo: Jim Merithew/Cult of Mac

iPhone 6s manufacturer Foxconn has posted revenues of $318.4 million for the month of September, largely as a result of Apple’s next-gen handset.

The monster earnings for the month were not only the best month of Foxconn’s year so far, but represented a 30 percent rise from the previous month and an increase of 17.8 percent year-on-year.

And Apple’s main manufacturer is expecting October to be even better!