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The Latest Breaking News from Foxconn

Shanghai Composite Index Rose 2.62% on Tuesday

Shenzhen Component Index closed up 3.24%

Caixin Global

Shanghai Disney visitors told to stay home after COVID case, Foxconn ups bonuses

Several Shanghai residents received fresh stay-at-home orders and mandatory testing notices on Tuesday as authorities raced to trace contacts linked to a COVID-positive woman whose visit to the city's Disney Resort prompted its temporary lockdown.

Reuters

Apple supplier Foxconn quadruples bonuses to staff hit by China COVID lockdown

Apple supplier Foxconn said on Tuesday it has quadrupled bonuses on offer for workers at its Zhengzhou plant in central China as it seeks to quell discontent over COVID curbs and retain staff at the giant iPhone manufacturing site.

Reuters

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Visitors trapped in Shanghai’s Disney resort after lockdown announced

Videos appear to show guests rushing to locked gates as strict Covid restrictions return across China

The Guardian - UK

Workers walk out of iPhone factory, highlighting virus woes

Workers who assemble Apple Inc.’s newest iPhone walked away from a factory in central China following virus outbreaks and complaints of unsafe working conditions, highlighting the clash between the disease’s enduring risks and efforts to restore the global flow of goods

The Independent UK

Tesla Explored Minority Stake In Glencore, TuSimple Fires Its CEO Amid Regulatory Scrutiny, Twitter Could Reportedly Lose A Fourth Of Its Employees After Takeover: Top Stories Monday, Oct. 31

Washington Post

Benzinga

Fearing COVID, workers flee from Foxconn's vast Chinese iPhone plant

After enduring days of lock-in at Foxconn's vast facility in central China with 200,000 other workers, Yuan finally climbed the fences on Saturday night and escaped the complex, joining others fleeing what they feared was a widening COVID outbreak.

Reuters

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China COVID curbs hit iPhone output, shut Shanghai Disney

China's COVID-19 curbs forced the temporary closure of Disney's Shanghai resort on Monday, while production of Apple Inc iPhones at a major contract manufacturing facility could drop by 30% in November due to coronavirus restrictions, a source told Reuters.

Reuters

Workers flee iPhone assembly factory in China after COVID-19 outbreak

Chinese authorities are hastily drawing up plans to isolate workers fleeing a COVID-19 outbreak at one of the largest iPhone assembly factories in China.

ABC News

Workers leave iPhone factory in Zhengzhou amid COVID curbs

Workers in a manufacturing facility in the central Chinese city of Zhengzhou appear to have left to avoid COVID-19 curbs

The Independent UK

Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou

Cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a vast assembly facility of iPhone maker Foxconn in COVID-hit Zhengzhou, fearing they could trigger coronavirus outbreaks.

Reuters

Fisker Inc founder Henrik Fisker: pedigree carmaker going electric

After a failed first attempt, the car entrepreneur has revised his design and manufacturing ideas – and will have battery-powered vehicles ready for delivery next month

The Guardian - UK

Chip makers offer big investments as they jockey for federal aid

WASHINGTON — The world’s top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written.

Tribune News Service

Chipmakers offer big investments as they jockey for federal aid - Roll Call

The jockeying for federal money for semiconductor manufacturing has begun as global producers announce big investment plans.

Roll Call

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Inverse

Foxconn’s new car concepts prove it wants to make the iPhone of EVs

Foxconn's new Model B concept is a hatchback, while its Model V is an electric pickup truck. Both models are eyeing a U.S. release.

InsideEVs

Apple iPhone Maker Foxconn Would Like To Build EVs For Tesla: CEO

Foxconn claims that it can cut the design time of a car in half and reduce development costs by a third for automakers wanting to use its services.

InsideEVs

Meet The Model V Electric Pickup That Foxconn Wants To Build And Sell In The US

This new electric pickup unveiled by Taiwan-based Foxconn can carry 1 ton (2,200 lbs) in its bed and tow 3 tons (6,600 lbs) behind it.

Benzinga

Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Reuters Exxon Exits Russia Completely After Putin Seizes Company's Properties

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The Independent UK

Smartphone maker Foxconn unveils EV for Taiwan brand Yulon

The Taiwanese company that assembles smartphones for Apple Inc. and other global brands has unveiled an electric SUV that will be produced for a Taiwan automaker under a similar contract model

InsideEVs

EV Startup INDIEV Signs Deal With Foxconn To Build EV Prototypes In Ohio

INDIEV is an EV startup based in Los Angeles with no means to manufacturer vehicles on its own, which is why it's enlisting the help of Foxconn.

InsideEVs

Foxconn Shows Foxtron Model B As Its Tesla Model Y Rival

This tall hatchback will be assembled in China starting next year and Ohio from 2024 in a newly built US manufacturing plant.

Al Jazeera

Vietnam eyes China’s tech crown as firms tire of ‘zero COVID’

Apple, Google, and Samsung are among the tech giants expanding operations in the fast-growing Southeast Asian country.

InsideEVs

Lordstown Endurance Enters Production, Only Two Trucks Made So Far

Lordstown Motors has also confirmed the start of Endurance sales in Q4 2022, subject to full homologation testing and required certification.

ABC News

What does government support for fossil fuel subsidies cost our economy and environment?

Experts say government subsidies for private companies sustain the environmentally unsustainable, and lead to inequality and poor business practices.

The Hindu

Apple starts production of iPhone 14 at Foxconn’s plant near Chennai

According to sources, the iPhone 14 manufactured from the Foxconn’s plant will be for both domestic and export markets

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