Major Apple assembler Foxconn recorded first-quarter revenue of 1.32 trillion New Taiwan dollars ($41.2 billion), 9.6% lower year over year…
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Apple supplier Foxconn turns bullish on 2024 – thanks to booming demand for AI servers
Major Apple assembler Foxconn is taking a significantly more bullish outlook for this year, saying on Thursday that it expected…
Foxconn to invest additional $1.7 billion in India, further diversifying out of China
Major Apple assembler Foxconn plans to invest an additional 139.11 billion rupees (US$1.67 billion) in India’s Karnataka state, the…
Foxconn resumes iPhone assembly at Indian factory after Cyclone Michaung pause
Major Apple assembler Foxconn resumed operations on Tuesday at its Indian facility that makes Apple iPhones following weather disruptions…
Major Apple assembler Foxconn raises Q4 outlook on strong year-end holiday sales
Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple assembler, on Tuesday raised its outlook for the fourth…
Foxconn and Pegatron halt iPhone assembly in India due to cyclone
Production of Apple iPhones at Foxconn and Pegatron facilities near Chennai, India has been halted due to heavy rains, sources said…
Apple assembler Foxconn to invest $1.6 billion in Indian expansion
Foxconn Technology Group, also known as Hon Hai Precision Industry Co, a partner of Apple, intends to double its investment in India. The…
Terry Gou withdraws from Taiwan presidential race, bringing relief to Apple assembler Foxconn
Terry Gou, the billionaire founder of tech giant Foxconn, on Friday withdrew from the race to be Taiwan’s next president, bringing a sense…
China fines Apple iPhone assembler Foxconn $2,800 amid major tax probe
Foxconn has been hit with a 20,000 yuan ($2,800) fine from Chinese authorities who said the Apple iPhone assembler overstated its expenses…
Major Apple assembler Foxconn reports surprise 11% jump in Q3 profit
Major Apple assembler Foxconn on Tuesday reported third-quarter profit rose 11.27% year over year, beating analysts’ expectations…
Major Apple assembler Foxconn reiterates strong year-end holiday sales outlook
Major Apple assembler Foxconn, the world’s largest contract electronics maker, on Sunday reiterated its previous outlook of strong year-end…
Apple assembler Foxconn hit with politically motivated China tax probe
Major Apple assembler Foxconn is facing a tax probe in China, two sources close to Foxconn confirmed on Monday, saying they believed it…
Apple assembler Foxconn expects strong holiday sales in fourth quarter
Major Apple assembler Foxconn predicted on Thursday strong year-end holiday sales. Foxconn said in a statement that with the second half…
Apple assembler Foxconn plans to double jobs, investment in India over next 12 months
Major Apple assembler Foxconn plans to double its workforce and investment in India by next year, a company executive said on Sunday…
Terry Gou, Foxconn founder, again runs for Taiwan presidency
Taiwan’s Terry Gou, the billionaire founder of major Apple assembler Foxconn, has again thrown his hat in the ring to be Taiwan’s president…
Apple assembler Foxconn tops earnings estimates
Apple assembler Foxconn, the world’s biggest contract electronics maker, beat estimates for second-quarter earnings. The company…
Apple assembler Foxconn invests $500 million in India in shift from China
Apple biggest assembler, Foxconn Technology Group, is planning to invest close to $500 million to build two component factories in India as…
Foxconn buys equipment from Apple unit for accelerated expansion in India
Foxconn, Apple’s key iPhone assembler, has accelerated its expansion in India by purchasing $33 million worth of equipment from an Apple…
Apple assembler Foxconn Q2 sales slip 14%, forecasts strong Q3
Foxconn, a major assembler for Apple, reported a 13.8% year-on-year drop in second-quarter revenue on Wednesday, but said it…
Apple assembler Foxconn ramps up ‘iPhone City’ hiring in China ahead of iPhone 15
According to local reports and labor agents, Apple assembler Foxconn, which operates the world’s largest iPhone factory in the…
Apple assembler Foxconn ups pay and bonuses at world’s largest iPhone factory
Apple assembler Foxconn as raised pay rates and bonus packages for new recruits working at the world’s largest iPhone factory in Zhengzhou…
Apple assembler Foxconn to invest $500 million in India’s Telangana state, create 25,000 jobs
Major Apple assembler Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana…
Apple assembler Foxconn’s profit misses on persistently weak Android phone market
Apple assembler Foxconn reported a quarterly profit miss, after the company succumbed to a persistently weak Android phone market…
Apple assembler Foxconn buys huge site in India tech hub
Major Apple assembler Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the company said in a filing…
India’s Karnataka government approves $968 million investment from Apple assembler Foxconn
Karnataka in southern India has approved a $967.91 million investment in the state by a unit of main Apple assembler Foxconn …
Apple assembler Foxconn wins AirPod order, plans $200 million factory in India
Taiwan-based contract manufacturer Foxconn has won an order to assemble AirPods for Apple and plans to build a $200 million factory complex…
Major Apple assembler Foxconn ramps up investment outside China
Foxconn, which assembles around 70% of Apple’s iPhones, has been diversifying production away from CCP-controlled China, whose…
Apple and Foxconn win labor reforms to advance production plans in India
Apple and its major assembly partner Foxconn were among the companies behind a landmark reform of labor laws in the Indian state of…
Apple iPhones to be assembled at new Foxconn plant in India’s Karnataka state
Apple iPhones will soon be assembled at another Foxconn site in the southern Indian state of Karnataka with 300 acres set aside for the new…
Apple assembler Foxconn to invest in India’s Telangana state to create 100,000 jobs
Major Apple assembler Foxconn will invest an undisclosed sum in India’s southern state of Telangana in order to build an electronics assembly…
Foxconn chairman to visit ‘iPhone City’ plant disrupted by CCP COVID restrictions late last year in China
Foxconn’s “iPhone City” campus was hit late last year by the CCP’s “zero COVID” lockdowns and restrictions that prompted thousands…
Foxconn secures 111-acre site in Vietnam as Apple assembler continues to diversify production away from China
Foxconn, formally known as Hon Hai Precision Industry, has signed a lease with Saigon-Bac Giang Industrial Park Corp in…
Apple assembler Foxconn in serious talks to establish operations in third Indian state
India’s southern Karnataka state is in serious talks with major Apple assembler Foxconn over investment plans, Chief Minister Bommai…
Apple supplier Foxconn replaces iPhone assembly chief
Major Apple assembler Foxconn Technology Group has replaced the chief of its iPhone assembly business after a tumultuous year in China…
Apple supplier Foxconn says output recovering despite revenue fall; Apple did not cut orders – source
Major Apple assembler Foxconn said on Thursday output at its “iPhone City” factory in China had “basically returned to normal” and December…
Foxconn’s ‘iPhone City’ now running at nearly full capacity – Chinese state media
Foxconn’s “iPhone City” in central China was running at 90% of planned production capacity at the end of December, Chinese state media…
Foxconn to begin assembling MacBooks in Vietnam within months
Apple plans to move some MacBook assembly out of China to Vietnam for the first time next year as the Cupertino Colossus continues its…
Apple assembler Foxconn invests $500 million in India business as Apple looks to lessen crippling dependence on China
Apple’s main iPhone assembler Foxconn has expanded its efforts to cut its dependency on China and invested $500 million this…
Apple assembler Foxconn, widespread protests pushed China to ease ‘Zero COVID’ curbs
A letter from the founder of Foxconn, the world’s largest iPhone assembler, played a major role in persuading China’s Communist Party…
Major Apple assembler Foxconn’s China ‘iPhone City’ lifts ‘closed-loop’ COVID restrictions
Major Apple assembler Foxconn’s COVID-hit Zhengzhou facility in China lifted its “closed-loop” COVID restrictons on Thursday…
Foxconn sees China iPhone plant beset by CCP ‘Zero COVID’ restrictions back at full output within weeks
Apple assembler Foxconn expects its “iPhone City” assembly campus in Zhengzhou, China which has repeatedly been beset by the CCP’s…
iPhone assembler Foxconn dangles big bonuses to entice workers amid CCP’s ‘Zero COVID’ lockdowns
Apple’s main iPhone assembler Foxconn is offering big bonuses to entice workers back to its Zhengzhou, China factory after the CCP…