Foxconn - data breach investigation. In this age of technology, amidst a world of encroaching cybersecurity threats, your personal information is more vulnerable than ever. Cafferty Clobes Meriwether & Sprengel has the experience and expertise litigating data breach matters, providing compensation to victims of data breaches, and requiring businesses to enhance their data security practices to protect their consumers. If you think your information may have been compromised in a data breach, please call Cafferty Clobes Meriwether & Sprengel LLP at 312.782.4880 or reach Cafferty Clobes Meriwether & Sprengel LLP via email at [email protected]. Foxconn is a manufacturing company that makes devices and components for Apple, Google, Nvidia, Sony, and other large technology companies. They are a Taiwan based company, but have North American facilities located in Milwaukee, Wisconsin, and Houston, Texas. On May 12, 2026, Foxconn recently experienced a data breach that may have exposed sensitive personal information belonging to current and former employees and corporate clients. Foxconn hasn't disclosed the total scope of the exposed individuals of the data breach, but the ransomware group claimed to have stolen 8 terabytes of data or 11 million records. The recent Foxconn data breach is a serious matter that could inflict far-reaching consequences for those affected. The exposure of personally identifiable information, especially names and Social Security numbers, poses a significant risk of identity theft, such as criminals opening financial accounts, taking out loans, filing fraudulent tax returns, and obtaining government services in the victim's name. Personally identifiable information can also be exposed on the Dark Web, which poses a serious threat toward the privacy and safety of many individuals. According to a recent FTC survey, the total cost of identity theft is nearly $50 billion per year, with victims losing an average of nearly $5,000 from the misuse of their personal and financial information. The exposure of protected medical information can pose an even greater danger of identity theft - such as obtaining medical services in the victim's name, which will be charged to the victim. Current and former employees and corporate clients of Foxconn may face an increased risk of fraud and identity theft and are advised to closely monitor their financial accounts and personal information for any suspicious activity. You could be at risk of incurring additional out-of-pocket costs for purchasing credit monitoring services, credit freezes, credit reports, or other protective measures to deter and detect identity theft. Cafferty Clobes Meriwether & Sprengel has the experience and expertise litigating data breach matters, providing compensation to victims of data breaches, and requiring businesses to enhance their data security practices to protect their consumers. If you suspect your sensitive personal and/or financial information may have been compromised in the Foxconn data breach, you must take action to protect both your personal and financial well-being. Please call Cafferty Clobes Meriwether & Sprengel LLP at 312.782.4880 or reach Cafferty Clobes Meriwether & Sprengel LLP via email at [email protected]. Please contact Cafferty Clobes Meriwether & Sprengel LLP. Were you affected by this breach? Fill out the form below to receive a free initial consultation from lawyers at Cafferty Clobes Meriwether & Sprengel LLP. Name (Required) Drop files here or Max. file size: 50 MB. Please let Cafferty Clobes Meriwether & Sprengel LLP know what's on your mind. Have a question for Cafferty Clobes Meriwether & Sprengel LLP? Ask away. 0 of 600 max characters

How India can overcome IT Product shortages & price pressures from dollar appreciation. Why this happens. Most IT hardware (semiconductors, laptops, servers, networking gear) is: * Manufactured in China, Taiwan, Vietnam, or the US * Priced in USD globally - even Indian OEM pricing follows dollar benchmarks * Import-dependent - India's electronics import bill exceeds $70-80 billion annually When the rupee weakens against the dollar, landed costs rise, margins shrink, and end prices spike - often with a 3-6 month lag. 1. Accelerate domestic manufacturing (long game). What's already working: * PLI (Production Linked Incentive) schemes for laptops, tablets, servers, and semiconductors are pulling in Apple, HP, Dell, Dixon Technologies, and Tata Electronics * India Semiconductor Mission (ISM) - ₹76,000 Cr fund to build fabs and OSAT (chip assembly/testing) facilities * Foxconn, Micron, and CG Power have committed to chip manufacturing in Gujarat What still needs push: * Deepen the component ecosystem - PCBs, displays, batteries, power units are still largely imported; final assembly in India alone doesn't fix dollar exposure * Fast-track ATMP (Assembly, Testing, Marking & Packaging) units so India captures at least the backend of the semiconductor value chain sooner * Incentivize SME-level component makers - not just large anchor units 2. Reduce dollar dependency in trade. * Expand Rupee trade settlement with countries like UAE, Russia, and ASEAN - GIFT City is already enabling some of this * Push for Rupee-denominated IT procurement contracts at the government level (GEM portal tenders currently reference INR but underlying vendor costs are USD-indexed) * Encourage OEMs operating in India (HP, Lenovo, Dell) to increase local value addition to qualify for INR-based pricing buffers 3. Build Strategic IT inventory reserves. India does this for oil - there's no equivalent for critical IT hardware. A National IT Strategic Reserve (similar to what Japan and South Korea maintain) could: * Buffer against sudden dollar spikes or geopolitical supply shocks * Be managed through NICSI or a new SPV under MeitY * Cover high-demand categories: networking gear, storage, servers, and critical semiconductors 4. Diversify supply chains (China+1 already happening). * India is already benefiting from China+1 - but needs to capture more than just assembly * Deepen ties with Taiwan (semiconductors), Japan (components), and South Korea (displays/memory) * Negotiate government-to-government tech transfer agreements - similar to what was done in defence 5. What the IT industry & resellers can do (your level - Alphatech context). This is where it gets practical for a company like yours: | Challenge | Practical Response | | Dollar-driven price hikes | Lock in quarterly pricing with OEM partners; use forward contracts if buying in large volumes | | Product shortages | Maintain 4-6 week rolling buffer stock on fast-moving SKUs (headsets, webcams, docking stations) | | Margin pressure | Push services attach (AMC, deployment, support) which are INR-denominated | | Customer sticker shock | Offer leasing/rental models - shifts capex pain and insulates from one-time price spikes | | Rupee volatility | Quote clients with a currency adjustment clause (+/-3% band) in contracts | 6. Policy advocacy (industry bodies). India's IT trade bodies - MAIT, IESA, FICCI - actively lobby for: * Zero/reduced customs duty on components not made in India * Extended BCD exemption windows during acute rupee depreciation periods * Faster FTA negotiations (India-EU, India-GCC) that include IT hardware chapters Bottom line. India's structural fix is manufacturing depth - but that's a 7-10 year journey. The near-term cushion comes from smarter procurement, inventory strategy, service revenue diversification, and rupee trade settlement. For businesses like Alphatech, the smartest hedge is shifting revenue mix toward services, software, and INR-denominated recurring contracts rather than pure hardware resale.

Nightfood Holdings, Inc. (dba TechForce Robotics) enters strategic Supply Agreement with Hon Hai Precision Industry Co., Ltd., (a/k/a Foxconn) and NUWA Robotics to scale commercial deployment. * 2 hrs ago LOS ANGELES, April 16, 2026 (GLOBE NEWSWIRE) - via IBN - Nightfood Holdings, Inc. (the "Company") (OTCQB: NGTF), operating through its wholly owned subsidiary TechForce Robotics, Inc. ("TechForce"), today announced the execution of a strategic Supply Agreement with NUWA Robotics Corp. and Foxconn, marking the transition from development and pilot programs to commercial deployment of its robotic platforms. Over the past several years, TechForce has focused on product development, platform refinement, and real-world pilot testing, including deployments across hospitality and service environments. These efforts have enabled the Company to validate performance, optimize unit economics, and refine its Robotics-as-a-Service (RaaS) model in live operating conditions. With pilot programs now completed and market demand increasing, the Company is entering its next phase and anticipates production and commercialization through a world-class manufacturing and engineering partnership. The newly executed agreement will establish a comprehensive framework for the development, manufacturing, and commercialization of next-generation robotic systems, and is intended to position TechForce Robotics to scale production efficiently through a globally recognized manufacturing ecosystem. Under the terms of the agreement, TechForce will define the commercial requirements, product vision and market strategy for its robotic platforms, while NUWA Robotics will provide engineering development and system integration. Foxconn will serve as the contract manufacturer, responsible for manufacturing, assembly, testing, and delivery of products in accordance with TechForce's specifications. Importantly, TechForce will retain exclusive ownership of all product-related intellectual property, reinforcing the Company's long-term value creation strategy and strengthening its position in the global robotics market. "This agreement represents the culmination of years of development and validation," said Jimmy Chan, Chief Executive Officer of Nightfood Holdings, Inc. "We have spent the last several years building, testing, and refining our robotics platform in real-world environments. With those pilots successfully completed, we are now ready to scale. By aligning with Foxconn's manufacturing capabilities and NUWA's engineering expertise, we anticipate being positioned to expand deployment and meet the growing demand for automation across industries." About Nightfood Holdings Inc. (d/b/a Techforce Robotics) Nightfood Holdings Inc., operating as Techforce Robotics, is an advanced robotics and automation company focused on delivering intelligent, scalable solutions for industrial and commercial applications. The company integrates robotics, artificial intelligence, and software-driven systems to optimize operations, improve efficiency, and enable next-generation automation. With a strong emphasis on innovation and real-world deployment, Techforce Robotics partners with organizations to design and implement customized robotic solutions tailored to evolving operational needs. About NUWA Robotics Corp. Founded in 2016, NUWA Robotics Corp. is a global leader in AI-powered service and interactive robotics, delivering advanced automation solutions across commercial, healthcare, retail, and industrial sectors. Originally focused on companion robots, NUWA has evolved into a multi-sector innovator with over 20,000 robots deployed worldwide. The company offers a full-stack, modular technology platform integrating proprietary hardware, SLAM capabilities, and AI cloud systems. Its industrial solutions include a Material Control System (MCS) that enables seamless coordination of diverse devices to accelerate smart factory transformation. NUWA's mission is to make intelligent robotics accessible and scalable, lowering barriers to adoption and advancing automation globally. About Hon Hai Precision Industry Co., Ltd. (Foxconn) Hon Hai Precision Industry Co., Ltd., widely known as Foxconn, is a global leader in advanced manufacturing, recognized for its unmatched scale, precision, and supply chain excellence. The company serves as a trusted manufacturing partner to many of the world's leading technology brands, delivering high-quality, end-to-end production solutions across a broad range of industries. Forward-Looking Statements Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect," "will" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties, and actual results may differ materially. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission for additional information. Investor Relations & Media Relations & Corporate Communications Contacts Investor Relations Media Relations Corporate Communications IBN | Austin, Texas 512.354.7000