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Articles tagged "Foxconn"

Thousands of employees quit biggest iPhone-making factory impacting shipments

Thousands of employees quit biggest iPhone-making factory impacting shipments

The biggest iPhone making plant owned by the biggest iPhone making company Foxconn in China is located in Zhengzhou, and it's been the scene of unrest all this week. Latent worker unhappiness...

25 November 2022 99
Foxconn and Vedanta sign MoU for semiconductor and display manufacturing plants in Gujarat

Foxconn and Vedanta sign MoU for semiconductor and display manufacturing plants in Gujarat

Earlier today, Foxconn and Vedanta Resources signed a memorandum of understanding (MoU) with the Indian state Gujarat for the construction of semiconductor and display production plants. The...

13 September 2022 20
Foxconn expects more stable supply chains in H2

Foxconn expects more stable supply chains in H2

In an official statement at its annual shareholder meeting, Foxconn confirmed it’s expecting stability to improve in the supply chains in the second half of 2022. Foxconn chairman Young Liu stated...

31 May 2022 3
Foxconn to invest $1 billion in India to ramp up iPhone production

Foxconn to invest $1 billion in India to ramp up iPhone production

Foxconn may be looking to invest $1 billion in an existing factory in India, sources cited by Reuters state. The expansion of the plant near Sriperumbudur will take three years to complete and will...

11 July 2020 38
Foxconn reports lowest quarterly profit in 20 years, predicts return to stability in Q2

Foxconn reports lowest quarterly profit in 20 years, predicts return to stability in Q2

Foxconn's quarterly profit has hit a two-decade low in Q1 this year as the company was forced to cease operations in China amidst the coronavirus pandemic and demand from key customers such as Apple...

16 May 2020 16
Production at Foxconn beats expectations, slow market a worry

Production at Foxconn beats expectations, slow market a worry

Foxconn founder Terry Gou has addressed media, saying that the reopening of Foxconn factories is going well and that production has exceeded expectations, although he didn't specify what those...

12 March 2020 9
iPhone manufacturer Foxconn instructs workers not to return to Shenzhen over coronavirus concerns

iPhone manufacturer Foxconn instructs workers not to return to Shenzhen over coronavirus concerns

The coronavirus outbreak is causing mass disruptions throughout China, and has indirectly affected supply chains of major tech companies. It has even prompted some major companies to skip out on MWC...

08 February 2020 15
Foxconn's Chinese factories to remain closed for at least another week due to Coronavirus

Foxconn's Chinese factories to remain closed for at least another week due to Coronavirus

The coronavirus outbreak in China’s Hubei province is forcing Foxconn to keep its factories shut until February 10 according to new reports. This could potentially have heavy consequences for the...

04 February 2020 9
Foxconn cancels plans for $5 billion investments in India

Foxconn cancels plans for $5 billion investments in India

Foxconn will step back from a memorandum of understanding with the Indian government after failing to secure a deal for the land for the eventual plants. According to Subhash Desai, Minister of...

08 January 2020 33
Foxconn cuts 50,000 workers earlier than expected, due to slowing smartphone sales

Foxconn cuts 50,000 workers earlier than expected, due to slowing smartphone sales

Foxconn has cut some 50,000 contract workers from its workforce since October. The number is not unusual compared to previous years, but the timing is different as the contractors were let go much...

18 January 2019 54
Foxconn Q3 revenue hints at solid iPhone XS sales

Foxconn Q3 revenue hints at solid iPhone XS sales

Apple wants to switch from Taiwanese to Chinese suppliers to optimize expenses, but until that happens, the companies from the small island will keep posting impressive revenue. Such is the case with...

12 October 2018 21
Amazon blamed of poor working conditions in Foxconn-owned factory

Amazon blamed of poor working conditions in Foxconn-owned factory

In a report spanning a nine month investigation, Amazon has been accused of a few wrongdoings concerning assembly workers. The report has found that workers in a Foxconn-owned factory that...

11 June 2018 41
Foxconn plans to open a factory in the US

Foxconn plans to open a factory in the US

Taiwan-based manufacturer Foxconn, most popular for manufacturing the Apple iPhone plans to build a 20-million sq.ft facility in Wisconsin for LCD panel development. The investment will cost around...

27 July 2017 25
Foxconn joins Apple in legal battle against Qualcomm

Foxconn joins Apple in legal battle against Qualcomm

The court battle continues for Qualcomm. Now Taiwanese companies Foxconn, Compal, Pegatron, and Wistron are planning to file a lawsuit against the San Diego company in the federal district court. The...

19 July 2017 43
Google and major Android phone makers gather in a patent peace agreement

Google and major Android phone makers gather in a patent peace agreement

Google announced PAX today - an Android networked cross-license agreement, signed between the Alphabet company and major Android phone manufacturers to exchange patents freely for Android and Google...

04 April 2017 41
Sharp to invest $864M in OLED production line ahead of next iPhone

Sharp to invest $864M in OLED production line ahead of next iPhone

The Japanese company Sharp that is well-known for making TVs and displays is currently one of the main LCD suppliers of Apple. Previously there were reports that Samsung will supply Apple with OLED...

09 January 2017 24
Foxconn replaced a total of 60,000 workers with automated machines

Foxconn replaced a total of 60,000 workers with automated machines

Foxconn, one of the world’s largest manufacturers of electronics, including Apple’s biggest money maker: the iPhone, has effectively replaced 60,000 human workers with automated robots who perform...

25 May, 2016 44
Foxconn acquires Sharp in deal worth $6.2 billion

Foxconn acquires Sharp in deal worth $6.2 billion

Just over a month after there were reports that Foxconn is in talks to acquire Sharp, the deal has been sealed for a total of JPY 700 billion ($6.2 billion), according to Japanese financial newspaper...

25 February, 2016 14
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