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The company has been quiet about future plans, raising questions about was happening inside. The increased speculation this ...
An appellate judge squeezed Lordstown Motors Corp. on whether knowledge of Foxconn Technology Group’s breaches of their ...
Foxconn has entered into a strategic alliance with TECO to accelerate development of global artificial intelligence data ...
The goal of the partnership is to become a bigger player in building the special computer systems needed for artificial ...
Media reports in April said that Foxconn could be expanding production in Lordstown. The reports claimed that the company ...
Foxconn announced a partnership with TECO Electric & Machinery, a maker of electric motors, after suspending trading of its ...
Foxconn said it will suspend share trading Wednesday ahead of a major announcement, the news outlet Reuters reported Tuesday ...
AFP via Getty Images Foxconn previously invested about $52.7 million in Lordstown as part of the agreement, and currently holds an 8.4% stake in the EV maker.
Lordstown mentions the possibility of effectuating a 30:1 stock dividend, which would require Foxconn to pay $47.3 million for a fraction of the company's capital stock.
Foxconn agreed last November to increase its investment in Lordstown Motors by buying $170 million in common stock and newly created preferred shares. The additional investment came a year after ...
Foxconn CEO Young Liu told securities analysts this week that he and his colleagues "remain open to continued dialogue" with Lordstown Motors Corp. to work out the companies' investment ...
Foxconn, the Korean contract manufacturer best known for making iPhones, finished acquiring most of Lordstown Motors' 6.2 million-square-foot EV-making plant in Lordstown Township for $230 million ...