News
WUHAN, CHINA -- Foxconn Technology Group's (Hon Hai) large H-P program win could mean a major expansion for its plant here, with up to 10,000 new hires this year alone, according to published reports.
PALO ALTO, CA -- Hewlett-Packard, the world's leading PC maker, and Foxconn (Hon Hai) reportedly will invest $60 million toward a PC manufacturing site in Turkey.
The program will ultimately employ around 2,000 workers.
The units will be sold in Turkey and the Middle East, the reports said.
The program will ultimately employ around 2,000 workers.
The units will be sold in Turkey and the Middle East, the reports said.
MANILA – Integrated Microelectronics Inc., a top 30 EMS firm, saw revenues rise 5% in 2008 on double-digit growth of its operations in China and Singapore. The firm, a subsidiary of Ayala Corp., reported operating income of $18 million. Currency hedging and a one-time charge for manpower expenses and inventory obsolescence led to a $16 million loss for the year. Excluding these nonrecurring items, IMI’s net income would have been $32 million.
In 2008, IMI saw increased business with a leading Chinese telecommunications company and new customer programs. The company's operations in the Philippines and US were down on lower volumes, however.
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