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The Latest Breaking News from Foxconn

People of Telangana are vexed with ‘abysmal rule’ of BRS, says Karnataka Deputy Chief Minister D.K. Shivakumar

People of Telangana are vexed with ‘abysmal rule’ of BRS, says Karnataka Deputy Chief Minister D.K. Shivakumar. They are looking for a change, he says. The five guarantees being implemented in Karnataka will be implemented in Telangana too, he says.

The Hindu

Apple gains as iPhone-maker Foxconn sees solid holiday smartphone demand

Foxconn, the world's biggest iPhone assembler, stuck to its forecast of "significant growth" for the final months of the year amid an uptick in demand ahead of Singles Day and Black Friday.

The Street

DKS terms letter to Foxconn a fake

DK Shivakumar, Karnataka Deputy CM, has called a letter circulating on social media to relocate Foxconn's unit from Hyderabad to Bengaluru a fake. He lodged a FIR with the Cybercrime Police Station in Bengaluru. Reports suggest Congress govt in Karnataka is trying to get tech units shifted from Hyderabad to…

The Hindu

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Karnataka Deputy CM wrote to Foxconn for its Hyderabad unit’s relocation to Bengaluru, alleges KTR

K.T. Rama Rao reveals D.K. Shivakumar wrote to Foxconn to consider relocating their unit from Hyderabad to Bengaluru. He warned that if people support Congress in Telangana, governance will be from Delhi via Bengaluru. Foxconn had agreed to set up unit in Hyderabad, with production to start in May, providing…

The Hindu

Apple falls; muted sales forecast and China woes cloud Q4 earnings

Apple will need a better-than-expected holiday season to avoid a fifth consecutive quarterly sales decline amid questions about iPhone 15 demand and slowing growth rates in China.

The Street

Stocks extend slide, Chevron mega-deal, Apple slumps, 2-year auction on deck, Roivant drug sale - 5 Things To Know

Stocks slide, Chevron mega-deal, Apple, 2-year auction, Roivant drug sale

The Street

Argentina's economy takes centre stage in presidential election

Voters in Argentina have picked two candidates for November's presidential run-off, as the country faces economic turmoil. Centre-left economy minister Sergio Massa will be facing libertarian populist Javier Milei, and the pair have very different views on how Argentina's economy should be handled. We take a closer look. Also, Chinese…

France 24

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Apple slides amid reports of China tax probe into iPhone assembler Foxconn

Taiwan based Foxconn, the world's biggest assembler of Apple iPhones, is reportedly in the crosshairs of tax authorities in China.

The Street

Stocks Set to Open Lower as Investors Await Key U.S. Inflation Data and Big Tech Earnings

December S&P 500 futures (ESZ23) are down -0.76%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.92% this morning as the benchmark U.S. 10-year yield hit 5% for the first time since 2007 while market participants geared up for earnings reports from some of the biggest tech heavyweights as…

Barchart

China launches tax investigations into Apple iPhone maker Foxconn

Tax audits and land use inquiries follow company founder announcing run for Taiwan presidency

The Guardian - UK

UK borrowing costs hit new 25-year high; Chinese stocks fall to pre-pandemic level – as it happened

Rolling, live coverage of business, economics and financial markets as British bond yields rise amid expectations of stubbornly high interest rates

The Guardian - UK

Apple supplier Foxconn subjected to tax inspections by Chinese authorities

Chinese state media report that Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities

The Independent UK

Move over Tesla, Nvidia is seeking a new sector to conquer

Nvidia CEO Jensen Huang unveiled the firm's latest efforts at the Hon Hai Tech Day in Taiwan.

The Street

Financial setbacks force EV maker WM Motor into bankruptcy

Fierce Chinese electric vehicle competition and various financial issues forces an EV company to restructure its debt in bankruptcy.

The Street

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The Guardian - AU

Taiwan presidential hopeful offers pets for pregnancies in push to boost birth rate

Terry Gou, who entered the race last week, said the island’s demographic crisis could be solved by giving expectant parents a cat or dog

The Independent UK

Aspiring Taiwan presidential candidate Terry Gou resigns from board of Apple supplier Foxconn

Aspiring Taiwanese independent presidential candidate Terry Gou has resigned from the board of Foxconn, the Apple supplier he founded nearly a half-century ago

The Hindu

Morning Digest | China releases new official map, showing territorial claims; Assam Rifles files defamation suit against Manipur politician, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day

Fortune

Foxconn’s billionaire founder seeks presidency of Taiwan to stop island from becoming ‘the next Ukraine’

Foxconn founder Terry Gou enters a crowded race to replace outgoing Taiwan president Tsai Ing-wen, pledging improved ties with China and greater economic growth.

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TechRadar

iPhone 15 battery predictions: rumored battery sizes and charging speeds

We have predictions for the battery capacities, longevity, and charging speeds of every iPhone 15 model.

Al Jazeera

Foxconn billionaire Terry Gou announces Taiwan presidential bid

Gou will run as an independent after losing the race to be the candidate for the opposition Kuomintang.

The Guardian - AU

Foxconn founder Terry Gou announces run for Taiwan presidency, pledging to fix China ties

The billionaire has touted his business experience, saying it was the ‘era of entrepreneurs’ rule’

The Independent UK

Foxconn billionaire Terry Gou says he will seek Taiwan's presidency as independent candidate

Terry Gou, the billionaire founder of Foxconn, says he will run as an independent candidate for president in Taiwan’s 2024 election, ending months of speculation

Tom’s Guide

New iPhone 15 production has already begun — and more details just leaked

A regulatory filing in India reveals what's potentially one of the new iPhone 15 models, while Foxconn's iPhone manufacturing facilities have started production, according to a new report.

Tom’s Hardware

Foxconn Produces Over Half of Nvidia AI Hardware: Report

Foxconn heavily capitalizes on AI servers, according to media reports.

iMore

The iPhone 15 is already in production, but not where you might think

With the iPhone 15 about to be announced, Apple is already building them in India.

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