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The Latest Breaking News from Foxconn

In America’s ‘Voltage Valley’, hopes of car-making revival turn sour

EV manufacturer Lordstown Motors, lauded by Trump in 2020, has gone bankrupt – what now for the once-proud auto-making region?

The Guardian - US

300 acres will be given to Foxconn soon: M.B. Patil

Legal hurdles related to providing 300 acres to iPhone maker Foxconn have been resolved and the land will be handed over to the company soon, Large and Medium Industries Minister M.B. Patil has said.

The Hindu

Chip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta

Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd

The Independent UK

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Top Apple supplier Foxconn just bailed on its $19.4 billion plan to make chips in India

The decision is a setback for the country's plans to build a domestic chipmaking industry.

Fortune

Foxconn exits $19.4bn chip deal in India

TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

Bangkok Post

Morning Digest | MHA had asked Manipur, Mizoram governments to record biometrics of ‘illegal migrants’ by September 30; Biden engages in ‘tea diplomacy’ in U.K. ahead of NATO Summit, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

Audi Interested In Buying EV Platform From A Chinese Rival: Report

Audi is reportedly trying to find a workaround that will allow it to launch new electric models before the delayed SSP platform debuts sometime in 2029.

InsideEVs

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Nintendo Switch 2 release date just tipped — here’s when it could arrive

A Foxconn financial news report points to a possible release timeframe for the Nintendo Switch 2 in the first quarter of 2024.

Tom’s Guide

Entire iPhone 15 lineup tipped for serious battery life upgrades

New rumors suggest the entire iPhone 15 line could be set for larger batteries than their respective predecessors.

TechRadar

If the iPhone 15 gets this big battery upgrade it'll be the phone to beat

Major battery boost tipped for Apple's forthcoming refresh

iPhone 15 battery and storage upgrades just tipped — here's what you're getting

Battery upgrades are tipped for all four expected iPhone 15 models, while the iPhone 15 Pros should also get 256GB storage by default instead of just 128GB.

Tom’s Guide

Lordstown Motors To Be Delisted From Nasdaq After Firm Filed For Bankruptcy Protection‌

‌Trading of the company’s class A common stock will be suspended starting July 7.‌

Zenger

Lordstown Files For Bankruptcy As Foxconn Deal Sours

Fraud allegations against manufacturing partner lead to Chapter 11 filing; Endurance EV pickup truck and assets put up for sale.

Zenger

Lordstown Motors Files For Bankruptcy After Dispute With Foxconn

EV maker starts sale process for Endurance pickup truck and related assets

Zenger

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Reason

Ohio E.V. Manufacturer Fails Despite Millions in Taxpayer Subsidies

Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.

Tribune News Service

US truck startup Lordstown files for bankruptcy after Foxconn deal falls through

Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former US President Donald Trump for saving automaking jobs filed for bankruptcy.

The Guardian - US

Electric truck maker lauded by Trump as saving Ohio town files for bankruptcy

Lordstown Motors puts itself up for sale after unresolved dispute over promised investment from Taiwan company

InsideEVs

Lordstown Motors Files For Bankruptcy, Sues Foxconn For “Bad Faith”

Under the Chapter 11 restructuring process, the Ohio-based EV maker is looking to sell the Endurance vehicle and related assets.

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Android Central

Google is reportedly looking into building Pixel phones in India

Google currently relies on China and Vietnam to produce its Pixel devices. Due to the ongoing trade war, the company is looking for alternatives starting with India.

The Hindu

Foxconn to start manufacturing iPhone in India Karnataka by April 2024

Taiwanese company has set a target to manufacture 20 million (2 crore) units of iPhones in India annually

InsideEVs

Lordstown Motors Considering Suing Foxconn Over Funding Issues

Lordstown Motors, the EV startup that developed the Endurance all-electric pickup, plans to take legal action against investor Foxconn to ensure that the Taiwanese firm completes its planned purchase of nearly 10 percent of the EV maker’s shares.

The Hindu

Stop industries from shifting out of Tamil Nadu, Palaniswami urges CM Stalin

The Hindu

Here are the big stories from Karnataka today

Karnataka Today newsletter: IAF trainer aircraft crashes near Chamarajanagar, and more

The Hindu

Karnataka govt. to hand over land to iPhone maker Foxconn by July 1: Minister M.B. Patil

Karnataka Minister M.B. Patil said Foxconn planned to start manufacturing iPhone units by April 2024 at its Devanahalli plant

InsideEVs

2023 Lordstown Endurance: EPA Range Rating Reveals Terrible Efficiency

The 2023 Lordstown Endurance is equipped with a 109-kWh battery, but it disappoints in terms of energy efficiency, which significantly affects the EPA range.

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