Foxconn at a trade show

Foxconn Revenue Drops 9.6% in First-Quarter

Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, has revealed its first quarter revenue fell 9.6 percent to NT$1322.163 billion. Taiwan’s Foxconn...
Galaxy S23 from Samsung

Samsung and Labor Union Agree 5.1% Hike in Salary

Samsung Electronics and its labor force have reached a significant agreement, according to media reports. The negotiation resulted in an average 5.1 percent increase in...
LG Display for television

LG to invest $74 bn in South Korea over five years

LG Group will invest 100 trillion won ($74.42 billion) in South Korea over the next five years, Reuters news report said. LG Group aims to...
Foxconn at a trade show

Foxconn Bets on AI Server Business for Reviving Revenue Outlook

Foxconn has revised its 2024 outlook from neutral to significant growth, with particular emphasis on the burgeoning demand for AI servers and components. Foxconn, one...
LCD TV Panel Shipments Estimate

TV Panel Makers Brace for Price and Volume Challenges

The TV panel manufacturing business has witnessed a resurgence during the first quarter of 2024, with inventories returning to healthy levels, albeit slightly lower...
Renesas semiconductor

Renesas Electronics Terminates $249 mn Deal to Buy Sequans Communications

Renesas Electronics Corporation has terminated its $249 million deal to acquire Sequans Communications, a provider of Cellular IoT chipset solutions. Renesas had made a tender...
MLCC shipment forecast for 2024

TrendForce Predicts 7% Quarterly Reduction in MLCC Shipments for Q1 2024

According to a report by TrendForce, the first quarter of 2024 is expected to witness a 7 percent quarterly reduction in MLCC (multilayer ceramic...
Xiaomi Indonesia

Xiaomi Expresses Concerns Over Scrutiny of Chinese Companies in India

Chinese smartphone giant Xiaomi has conveyed to India the hesitancy among smartphone component suppliers to establish operations in the country amidst heightened scrutiny of...
Display panel business

TV Panel Prices Expect to Surge to New Levels: TrendForce

Global TV shipments in 2023 suffered a 2.7 percent decrease, reaching 195 million units — a record low for the past decade, TrendForce research...
LG Display for television

LG Display Records 1% Growth in Fourth Quarter Revenue, Returns to Profitability

LG Display said its revenue rose 1 percent to KRW 7,396 billion for the three-month period ended December 31, 2023 from KRW 7,302 billion...
Galaxy S23 from Samsung

Samsung Forecasts Dip in Q4 Revenue Despite Chip Price Upsurge

Samsung Electronics projected a 4.9 percent revenue decrease to 67 trillion won in the fourth quarter of 2023 compared to the same period the...
Revenue of Foxconn in 2023

Foxconn Anticipates Decline in First Quarter Revenue Following Slower Market Demand

Foxconn, the world’s largest contract electronics manufacturer and main assembler for Apple’s iPhones, projected a year-on-year decrease in first-quarter revenue. This projection follows a...
LCD panel shipment forecast for 2024

Global LCD TV Panel Market Faces Disparity Between Projections and Economic Uncertainty

The latest insights from TrendForce shed light on the LCD TV panel market, indicating a potential disconnect between projected shipment volumes and targets due...
Smart TV channels

Global TV Demand Hit by Inflation, Shifts in Brand Dynamics, and Supply Chain Restructuring

In 2023, the TV market faced challenging conditions due to inflationary pressures impacting consumer spending. Despite efforts by various brands to offer price reductions and...
Nepal smartphone user image by Sanjaal

India’s Mobile Phone Exports Surge to Over $9 bn, Projected to Hit $15 bn

India’s mobile phone export sector is witnessing a remarkable surge, outpacing previous records and poised to reach new heights, industry data revealed on Sunday. According...
Smart TV growth 2023 IDC report

Global Smart TV Shipments Forecasted to Decline 5.5% in 2023: IDC

The global smart TV market is poised to experience a 5.5 percent year-over-year decline in shipments for the year 2023, IDC said. This downturn is...



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