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The Latest Breaking News from Foxconn

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.

Tribune News Service

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…

Asharq Al-Awsat

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.

Bangkok Post

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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.

Reuters

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?

Fortune

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.

Reuters

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.

Reason

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Apple seeks India labor reform to diversify beyond China

NEW DELHI: Apple Inc is seeking changes in India’s labor laws as part of its effort to expand local production, and regional governments are yielding to its request as they are eager to snatch iPhone assembly from China.

The Times of India

Foxconn Finds EVs Are Harder to Build Than iPhones

The contractor’s dreams of building electric cars are running into the reality of recalls and fledgling partners in Lordstown.

Businessweek

Lordstown Making New EV Plans After Selling 3 Electric Trucks In 2022

Lordstown Motors is among a growing list of struggling startup EV makers, and it seems it may need to go in a new direction quickly or it may not make it.

InsideEVs

'Committed to set up manufacturing facility in Telangana,' says Foxconn

NEW DELHI: Apple Inc partner Foxconn Technology Group says it is committed to setting up manufacturing facility in Telangana, Hyderabad, the company said.

The Times of India

Apple partner Foxconn plans $700 million India plant in shift from China

NEW DELHI: Apple Inc partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

The Times of India

Volkswagen May Build Scout EV On Its Own At New US Factory

VW previously discussed contracting Foxconn or Magna to build the Scout EV brand, but now it's reportedly planning to move forward alone with a new US factory.

InsideEVs

Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India

NEW DELHI: In a first, Vedanta and electronics manufacturing firm Foxconn on Monday unveiled their plan to set up a semiconductor and display manufacturing facility in Ahmedabad, news agency PTI reported quoting sources.

The Times of India

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Fortune

Apple’s latest patent sparks speculation a foldable iPhone may be in the works

In a bid to recover lost ground, CEO Tim Cook may be planning to launch a competitor to the Samsung Galaxy Z Fold4.

Fortune

How TSMC convinced Apple to ditch Samsung

In 2011, Apple needed to find a replacement for its contract chip manufacturer—rival smartphone maker, Samsung.

Financial Times

What it would take for Apple to disentangle itself from China

The tech giant increasingly finds itself beholden to America’s biggest geopolitical rival. But is diversification even possible?

Fortune

Apple is no longer the only company with a $2 trillion valuation

The company’s shares fell 27.2% in 2022, performing worse than the broader market.

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Fortune

Chinese cities may be passing peak COVID infections

According to official data, both manufacturing and services activity have contracted for three straight months.

Fortune

Chinese officials say it's fine to go to work sick

China could be seeing as many as one million COVID cases a day, according to predictions from analytics firm Airfinity.

The Times of India

India, Vietnam are emerging as Apple's next manufacturing hub, analysts say

India and Vietnam are emerging as Apple Inc's next manufacturing hubs as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.

Fortune

A top Chinese AirPod maker is following Apple as it shifts its supply chain away from the mainland

As Apple diversifies its supply chain away from mainland China, its Chinese suppliers are moving too, establishing factories in new hubs.

Al Jazeera

Apple looks beyond ‘iPhone factory’ China as dalliance sours

Tech giant is seeking to redirect supply chains to India and Vietnam amid fears of overdependence on China.

The Independent UK

Foxconn to ease COVID-19 curbs in Chinese iPhone factory

The company that assembles Apple Inc.’s iPhones says it will ease COVID-19 restrictions at its largest factory in China that led thousands of workers to quit

Asharq Al-Awsat

China Re-Opens More Areas at Risk for COVID Spread as Lockdowns Ease

China has slashed the number of locations deemed at high risk of wider COVID outbreaks, re-opening locked down areas including one hosting a key factory of an Apple supplier. The number of high-risk areas tumbled to around 4,500 on Monday, official data showed, down 85% from more than 30,000 on…

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