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Foxconn's global dealmaking suffers Sharp shock

Sharp has delivered a wake-up call to Foxconn. The $46 billion iPhone supplier, formally known as Hon Hai Precision Industry , rescued the Japanese electronics group in 2016 with a promise to turn it around. Sharp's surprise $1.6 billion writedown in the three months to March casts doubt on the Taiwanese group's grip on its investment - and its ability to strike similar deals. ....

United States , Thomas Shum , Terry Gou , Samsung Electronics , Hon Hai Precision Industry , Thomson Reuters Trust Principles , Reuters Breakingviews , Topix Index , Liu Young Way , Lordstown Motors , Peter Thal Larsen , Thomson Reuters Trust , Reuters News , Trust Principles , Rati Adas Av Safety , Rati Software Defined Vehicle , Rati Sustainable Ev Supply Chain , Rati Ev Strategy ,

Xiaomi Q1 revenue falls 18.9% as global smartphone demand stalls

Xiaomi Corp reported a 18.9% drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic. ....

Josh Horwitz , Xiaomi Corp , Thomson Reuters Trust Principles , Thomson Reuters Trust ,