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The Latest Breaking News from Foxconn

Foxconn exits $19.4bn chip deal in India

TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

Bangkok Post

Foxconn to apply for India chipmaking incentives after pullout from Vedanta JV

NEW DELHI: A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal's Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy.

The Times of India

Morning Digest | MHA had asked Manipur, Mizoram governments to record biometrics of ‘illegal migrants’ by September 30; Biden engages in ‘tea diplomacy’ in U.K. ahead of NATO Summit, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

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Audi Interested In Buying EV Platform From A Chinese Rival: Report

Audi is reportedly trying to find a workaround that will allow it to launch new electric models before the delayed SSP platform debuts sometime in 2029.

InsideEVs

Nintendo Switch 2 release date just tipped — here’s when it could arrive

A Foxconn financial news report points to a possible release timeframe for the Nintendo Switch 2 in the first quarter of 2024.

Tom’s Guide

Entire iPhone 15 lineup tipped for serious battery life upgrades

New rumors suggest the entire iPhone 15 line could be set for larger batteries than their respective predecessors.

TechRadar

If the iPhone 15 gets this big battery upgrade it'll be the phone to beat

Major battery boost tipped for Apple's forthcoming refresh

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iPhone 15 battery and storage upgrades just tipped — here's what you're getting

Battery upgrades are tipped for all four expected iPhone 15 models, while the iPhone 15 Pros should also get 256GB storage by default instead of just 128GB.

Tom’s Guide

Lordstown Motors To Be Delisted From Nasdaq After Firm Filed For Bankruptcy Protection‌

‌Trading of the company’s class A common stock will be suspended starting July 7.‌

Zenger

Lordstown Files For Bankruptcy As Foxconn Deal Sours

Fraud allegations against manufacturing partner lead to Chapter 11 filing; Endurance EV pickup truck and assets put up for sale.

Zenger

Lordstown Motors Files For Bankruptcy After Dispute With Foxconn

EV maker starts sale process for Endurance pickup truck and related assets

Zenger

Ohio E.V. Manufacturer Fails Despite Millions in Taxpayer Subsidies

Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.

Reason

US truck startup Lordstown files for bankruptcy after Foxconn deal falls through

Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former US President Donald Trump for saving automaking jobs filed for bankruptcy.

Tribune News Service

Electric truck maker lauded by Trump as saving Ohio town files for bankruptcy

Lordstown Motors puts itself up for sale after unresolved dispute over promised investment from Taiwan company

The Guardian - US

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InsideEVs

Lordstown Motors Files For Bankruptcy, Sues Foxconn For “Bad Faith”

Under the Chapter 11 restructuring process, the Ohio-based EV maker is looking to sell the Endurance vehicle and related assets.

Android Central

Google is reportedly looking into building Pixel phones in India

Google currently relies on China and Vietnam to produce its Pixel devices. Due to the ongoing trade war, the company is looking for alternatives starting with India.

The Hindu

Foxconn to start manufacturing iPhone in India Karnataka by April 2024

Taiwanese company has set a target to manufacture 20 million (2 crore) units of iPhones in India annually

InsideEVs

Lordstown Motors Considering Suing Foxconn Over Funding Issues

Lordstown Motors, the EV startup that developed the Endurance all-electric pickup, plans to take legal action against investor Foxconn to ensure that the Taiwanese firm completes its planned purchase of nearly 10 percent of the EV maker’s shares.

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The Hindu

Stop industries from shifting out of Tamil Nadu, Palaniswami urges CM Stalin

The Hindu

Here are the big stories from Karnataka today

Karnataka Today newsletter: IAF trainer aircraft crashes near Chamarajanagar, and more

The Hindu

Karnataka govt. to hand over land to iPhone maker Foxconn by July 1: Minister M.B. Patil

Karnataka Minister M.B. Patil said Foxconn planned to start manufacturing iPhone units by April 2024 at its Devanahalli plant

InsideEVs

2023 Lordstown Endurance: EPA Range Rating Reveals Terrible Efficiency

The 2023 Lordstown Endurance is equipped with a 109-kWh battery, but it disappoints in terms of energy efficiency, which significantly affects the EPA range.

Fortune

Apple supplier giving factory staff $424 bonus if they can stick it out for 90 days ahead of new iPhone launch

Third-party manufacturer Foxconn is hoping to avoid any production problems ahead of the crucial Christmas shopping season following last year’s COVID difficulties.

iMore

Key iPhone 15 supplier splashes the cash to avoid repeating its iPhone 14 delay woes

Foxconn is spending big to make sure it has enough workers to build Apple's next big iPhone.

The Conversation

Friday essay: what the migrant workers who made my iPhone taught me about love

Ten years ago, a group of images on a popular Chinese website caught my attention. They showed young rural migrant workers in intimate, though not overtly sexual situations: talking quietly, holding hands, kissing, embracing, or simply sitting close to each other with their limbs intertwined.

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