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The Latest Breaking News from Foxconn

Apple starts production of flagship iPhone 13 at Foxconn plant near Chennai

It will have ‘beautiful design, advanced camera systems’, says the company

The Hindu

Samsung Forecasts Record Q1 Sales As Global Chip Demand Accelerates

Samsung, the world's biggest chipmaker, forecast stronger-than-expected first quarter profits despite a lull in global smartphone demand.

The Street

Semiconductor dream needs the right push

CM has urged Samsung to open a semiconductor manufacturing unit in the State

The Hindu

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read the most diverse news in one place.

Apple Customers May Have Reason to Cheer

The resurgence of Covid in Asia is again affecting companies, including a large supplier of Apple.

The Street

Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses

Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF), also known as Foxconn, resumed partial operations and production at its two Shenzhen campuses, one of which makes iPhones, after assuming Covid measures, Bloomberg reports. Foxconn had suspended operations after Shenzhen imposed a city-wide lockdown, including its Guanlan factory. Foxconn has resumed some production at…

Benzinga

Stocks Leap, Fed In Focus, Apple, Tesla And Live Nation - 5 Things You Must Know

Stock futures extend gains on China stimulus, Russia-Ukraine talks; Fed readies first rate hike since 2018; Foxconn 'cautious' on supply chain; Tesla shutters Shanghai gigafactory and Live Nation shares slide as Senators urge DoJ pricing probe.

The Street

Foxconn in Talks to Build $9 Billion Factory in Saudi Arabia

Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, is in talks with Saudi Arabia about jointly building a $9 billion multipurpose facility that could make microchips, electric-vehicle components and other electronics like displays, according to people familiar with the matter.

Bangkok Post

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This Apple Supplier Is Said To Be Planning A $9B Factory In Saudi Arabia To Make Chips, EV Parts

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd’s (OTC: HNHPF) is in talks with Saudi Arabia to jointly build a $9 billion multipurpose facility, The Wall Street Journa

Benzinga

Apple Has Bad News for Customers

A twist of fate might keep you away from the new Apple products introduced last week.

The Street

Apple Stock Alert: Will Foxconn Closure Sink iPhone Maker?

Apple stock is pulling back for the third straight day after news from Foxconn. Here are the support and resistance levels to know now.

The Street

Apple suffers iPhone blow as Shenzen Covid lockdown shuts Foxconn factory

Two factories owned by Foxconn, which makes iPhones in China, have had to close as part of a widespread lockdown in the Chinese city of Shenzen.

Evening Standard

Chinese Cities and Factories Lock Down as Outbreak Spreads

Seventeen million people in the Chinese tech hub of Shenzhen began their first full day under lockdown Monday, as a key factory making iPhones closed and restrictions spread across Shanghai and other major cities in an effort to extinguish the biggest-ever threat to the nation's zero-tolerance Covid strategy. The southern…

Asharq Al-Awsat

Foxconn, Luxshare Could Produce Apple Car, Speculation Suggests

Apple Inc (NASDAQ: AAPL) suppliers Hon Hai Precision Industry Co Ltd (OTC: HNHPF) or Foxconn and Luxshare Precision are possible candidates to produce the rumored Apple Car <

Benzinga

GM Makes Another Big Move In the Electric Vehicle Market

The automaker had invested in a cash-strapped Tesla rival.

The Street

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The Street

Did GM Just Give Lordstown Motors The Kiss of Death?

Detroit auto giant GM had invested in the cash-strapped EV startup Lordstown.

InsideEVs

GM Dumped Lordstown Motors Stock In The Fourth Quarter Of 2021

GM says the only reason it bought Lordstown stock in the first place was to allow the EV startup to complete the purchase of the plant and restart production.

Benzinga

Lordstown Motors Stock Slides Post Q4 Results; Reaffirms Q3'22 Target For Endurance Sales

Lordstown Motors Corp (NASDAQ:RIDE) reported a fourth-quarter FY21 loss per share of $(0.42), beating the consensus of $(0.73). The total operating expenses rose 120.7% Y/Y to $84.6 million. The operating loss incurred for the quarter was $(84.66) million versus $(38.35) million last year. The company held $244 million in cash and equivalents…

Tribune News Service

Lordstown Motors and its post-SPAC peers keep losing executives

The past month has been a rough one for some of the electric vehicle startups that went public by merging with special purpose acquisition companies, or SPACs. Lordstown Motors, Canoo and Electric Last Mile Solutions all have seen key personnel leave, and all three are under investigation by the U.S.…

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Benzinga

Apple's iPhone Supplier Foxconn Hints At Improvement In Supply Chain Challenges: Report

Supply chain challenges that have hurt multiple industries for over a year now may have started improving. Apple, Inc.'s iPhone assembler Hon Hai Precision Industry Co., Ltd.

The Guardian - UK

Alexa whistleblower demands Amazon apology after being jailed and tortured

Tang Mingfang is willing to risk reprisals to clear his name over Foxconn revelations – and to get backing from Jeff Bezos

InsideEVs

Foxconn: Lordstown Electric Pickups To Start Shipping In H2 2022

Foxconn chairman Young Liu tells Nikkei Asia that electric pickups made in cooperation with Lordstown Motors will begin shipping in the second half of 2022.

The Hindu

Foxconn V-P calls on CM

Company Executive V-P calls on CM

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