All posts tagged: Foxconn

Foxconn Ransomware Attack Shows Nothing Is Safe Forever

Foxconn Ransomware Attack Shows Nothing Is Safe Forever

A ransomware group is attempting to extort the electronics manufacturing giant Foxconn, claiming that it stole 8 TB of data from the company, including schematics and project details from customers including Dell, Google, Apple, and Nvidia. Foxconn did not immediately respond to WIRED’s request for comment about the validity of the claims, but the company did acknowledge that some of its North American factories “suffered a cyberattack” in recent days, and that “affected factories are currently resuming normal production” after outages. Foxconn is the type of target that is particularly appealing to ransomware and data extortion actors, because it is a massive company with divisions and subsidiaries around the world that not only hold its own intellectual property, but that of its customers. The company is a key manufacturing contractor for electronic components or entire devices, including Apple’s iPhones. “Ransomware groups are increasingly targeting victims that can impact the supply chain, whether it is physical or software,” says Allan Liska, a threat intelligence analyst at security firm Recorded Future. “So it’s unsurprising that a company …

Japan’s SoftBank explores homegrown AI servers with Nvidia, Foxconn, Nikkei reports

Japan’s SoftBank explores homegrown AI servers with Nvidia, Foxconn, Nikkei reports

May 8 : SoftBank Corp has begun discussions with U.S. chip giant Nvidia and Taiwanese contract manufacturer Foxconn as it weighs plans to build “made-in-Japan” artificial intelligence servers, the Nikkei newspaper reported on Friday. The Japanese telecom company wants to build a production system by initially assembling externally sourced components by the end of the decade, before eventually taking charge of the entire server manufacturing process, Nikkei added. The unit will focus on high-performance servers capable of running advanced graphics processing units at high speeds, the report also said. The project will be part of SoftBank’s medium-term management plan, which, according to Nikkei, could be announced as soon as Monday. The development comes after Masayoshi Son-led SoftBank Group poured in more than $30 billion in investments in OpenAI so far, for about an 11 per cent stake, in an “all-in” bet that it will emerge as a winner in the battle among developers of large language models. Source link

Foxconn launches second-generation satellites via SpaceX Falcon 9

Foxconn launches second-generation satellites via SpaceX Falcon 9

TAIPEI, May 3 : Taiwan’s Foxconn said on Sunday its second-generation low-Earth orbit (LEO) satellites were launched via a SpaceX Falcon 9 rocket from California, marking the electronics manufacturer’s latest push into space technology. The company’s PEARL-1A and PEARL-1B satellites entered their intended orbits and will conduct on-orbit missions for five years, it said. Foxconn said the two satellites are primarily designed to verify payload technologies in the fields of communication and space science. Source link

Foxconn first-quarter revenue jumps, company cautions on geopolitics

Foxconn first-quarter revenue jumps, company cautions on geopolitics

TAIPEI, April 5 : Taiwan’s Foxconn, the world’s largest contract electronics maker, reported a 29.7 per cent on-year rise in first-quarter revenue on strong demand for artificial intelligence products, though it cautioned about “volatile” global politics. Revenue for Nvidia’s biggest server maker and Apple’s top iPhone assembler jumped to T$2.13 trillion ($66.60 billion), Foxconn said in a statement on Sunday. That was slightly below the T$2.148 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate. Strong AI demand led to robust revenue growth for its cloud and networking products division. Smart consumer electronics, which includes iPhones, posted “significant” growth thanks to new product launches, the company said. March revenue alone rose 45.6 per cent on-year to T$803.7 billion, a record for that month. Operations are expected to grow both quarter-on-quarter and year-on-year in the second quarter, with AI racks maintaining a continued growth trend, the company said. However, “it remains necessary to monitor the impact of the volatile global political and economic situation”, Foxconn said, without elaborating. Last …