“TSMC, the world’s top contract chip maker and Apple Inc supplier Hon Hai Precision are adding 5,000 new staff as the technology industry picks up, a local newspaper [Economic Daily] reported on Monday,” Reuters reports.
“Most of the headcount for Hon Hai, the main manufacturer of Apple’s products, will be in research and development for automated production, e-commerce and robots, while TSMC is mostly recruiting equipment managers, it said,” Reuters reports.
Read more in the full article here.
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AAPL stock will plummet on this news. Wall Street estimated 10,000 employees would be hired.
I read that the Street’s consensus is that each of them needed to add 100,000 employees just for Apple to remain competitive. Without that Apple is DOOMED! /s
Why would Apple suppliers be hiring when Apple is failing? Don’t they listen to the analysts?
They are being hired to sweep out the ashes from Apples cremation at the hands of Samesuck. Or so the pundits and Analcysts will say.
I thought they said free gift bags with every new hiree …
Interesting that they are recruiting 5,000 people, largely to develop ways to automate what the existing employees are currently doing.
When their work bears fruit and Hon Hai can employ fewer workers while maintaining production, it will be spun into a story about lack of demand for Apple’s products forcing layoffs.
Those hirings may have nothing to do with it but remember that story that iMac stock models were available in 24 hours but BTO added 2-3 weeks… Well just checked and it is now 5 to 7 business days!
The story is very odd. It’s contrary to all the stories about Apple suppliers having terrible February’s. Don’t know that I saw any of those stories on MDN? Selective reporting I guess?