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The Latest Breaking News from Foxconn

Surge in strikes at Chinese factories after Covid rules end

Action by workers has trebled this year as the country emerges from its draconian coronavirus measures

The Guardian - UK

Foxconn loses iPhone 16 Pro Max build job in major change for iPhone production

iPhone 16 Pro Max's screen manufacturer is moving from Foxconn to Luxshare.

iMore

Taiwan opposition party picks New Taipei mayor, a former police chief, as its presidential candidate

Taiwan’s opposition Nationalist Party has picked the popular mayor of New Taipei City as its candidate in next year’s presidential election, seen as a referendum on the island’s future relations with China

The Independent UK

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Key iPhone manufacturing partner Foxconn bets big on India's Telangana

Foxconn is investing $500 million in Telangana in southern India with new plants being set up.

iMore

Asian trade subdued as economic outlook weakens

RECAP: Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China fuelled concerns about a global slowdown.

Bangkok Post

UPDATE: Fisker Pear EV Delayed To 2025, Will Start From Less Than $30,000

The California-based EV startup initially said that the Pear will go into production in 2024 at the Foxconn-owned factory in Ohio where the Lordstown Endurance electric pickup is currently being made.

InsideEVs

iPhone maker Foxconn buys huge site in Devanahalli

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Bengaluru, the key Apple supplier said in a filing on Tuesday (May 9) as it looks to diversify production away from China.

The Hindu

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iPhone maker Foxconn buys huge site in India

BENGALURU, India: Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China.

Bangkok Post

Lordstown Motors Anticipates Endurance Production “Will Cease In The Near Future”

With just 31 Endurance pickups assembled and ready for sale as of February 2023, and just six units delivered so far, the company is now anticipating a rapid fall.

InsideEVs

Here’s Why You Should Stay Away From Lordstown Motors (RIDE)

Once attracting intense interest for its commercial EV ambitions, the lights may go out on Lordstown Motors as RIDE stock crumbles badly.

Barchart

In ‘India as Eden’ offer, the apple of diluted labour laws

The dormitory labour regime being practised in Mainland China, and which is close to being recreated in India, will blur the socio-spatial boundaries between work and life for Indian labour

The Hindu

Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding

Foxconn's decision was rushed by a Nasdaq warning to Lordstown that its stock may be delisted after falling below a minimum $1 per share for 30 straight days.

InsideEVs

Founder of Taiwan's Foxconn says China won't attack if he's president

The billionaire founder of Taiwan's Foxconn and presidential hopeful Terry Gou said on Thursday China does not want war with the island and would not attack if he become president as he would not declare independence.

Reuters

It's not just a store: Apple's retail debut in India says a lot about the company's future ambitions

The country could be key to Apple's future growth.

Fortune

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The Independent UK

Microsoft looks to buy $50m Foxconn parcel in Wisconsin

Microsoft has agreed to buy a $50 million parcel of land in southeastern Wisconsin from Foxconn after the world’s largest electronics manufacturer failed to fulfill grandiose promises to build a massive facility that would employ thousands of workers

Fortune

CEO Tim Cook opens Apple's first India store in Mumbai

Apple is both selling and making more phones in India as the company shifts its supply chains away from China.

Reuters

Foxconn founder, seeking Taiwan presidency, has no plan to visit China

Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, has no plan for now to visit China, he said on Tuesday, in his bid to become the presidential nominee of Taiwan's main opposition party.

Al Jazeera

World’s largest population: Will India gain or lose?

India has the world’s largest workforce. But without enough good jobs, that unmatched advantage could be a nightmare.

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news in one place.

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Tribune News Service

Apple India iPhone output soars to $7 billion in China shift

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China.

Asharq Al-Awsat

Foxconn Plans $800m Investment in Southern Taiwan

Foxconn (2317.TW) is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on Sunday. The company, formally called Hon Hai Precision Industry Co Ltd, said the investments in Kaohsiung will…

Bangkok Post

Foxconn founder to seek Taiwan presidency

TAIPEI: Terry Gou, the billionaire founder of the technology giant Foxconn, announced on Wednesday that he is seeking the presidential nomination of Taiwan’s main opposition Kuomintang party in order to “avoid war” with China.

Reuters

Foxconn founder Gou says he will seek Taiwan presidency

Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, said on Wednesday he would seek the presidential nomination for Taiwan's main opposition party, the Kuomintang (KMT), for a second time.

Fortune

Over 150,000 people have been let go so far this year. Are layoffs a confession of bad management?

If 2023 is “the year of efficiency,” what were the CEOs of Meta, Amazon, and others doing in all those previous years?

Reuters

Foxconn founder Gou, possible Taiwan presidential candidate, to visit US

Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, will visit the United States this week, his office said on Monday, as he considers another run for Taiwan's presidency.

Reason

Biden's 'Economic Plan' Is Industrial Policy That Will Be Terrible for Workers and Consumers

The Democratic president is supercharging former president Trump's failed approach to domestic manufacturing.

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