Major Apple assembler Foxconn recorded first-quarter revenue of 1.32 trillion New Taiwan dollars ($41.2 billion), 9.6% lower year over year…
Tag: Foxconn
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…
Apple assembler Luxshare set to transform iPhone production landscape with major acquisition
As part of Tim Cook’s plan to strengthen ties with China-based suppliers and enhance relations with the Chinese Communist Party, Luxshare …
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…
Apple plans to make a quarter of global iPhone production in India within 2-3 years
Apple and its assemblers are looking to build more than 50 million iPhones in India annually within the next two to three years, with…
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…
Inside one of the biggest iPhone plants in India powering Apple’s pivot away from China
A factory complex in Sriperumbudur, an industrial town in India, in Tamil Nadu state, is one of Apple’s most important iPhone assembly hubs…
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…
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…
Apple aims to keep iPhone production steady; targets 85 million iPhone 15 units this year
Apple is asking suppliers to produce some 85 million units of the iPhone 15 this year, roughly in line with the year before, said…
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…
India launches $2 billion incentive plan to court laptop, tablet makers like Apple
India is unveiling a 170 billion rupee (US$2 billion) incentive plan to woo makers of laptops, tablets, and other hardware such as Apple to…
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…
Apple now makes almost 7% of its iPhones in India in effort to reduce its reliance on China
Apple assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone…
Apple’s long-term goal is to bring 45% of iPhone assembly to India
Currently, less than 5 percent of iPhones sold worldwide are assembled in India, but Apple’s long-term goal is for their contract assemblers…
Inside Apple’s belated attempt to free itself from China
Tim Cook spearheaded Apple’s move to make products “Designed in California,” but “Assembled in China.” It worked marvelously well, until…
Apple CEO Tim Cook meets with China’s commerce minister
Apple CEO Tim Cook met with China’s minister of commerce, Wang Wentao, to discuss China’s reopening and broader supply chain…
Apple pushes India to relax labor laws in push to diversify beyond China
Apple is pushing for changes in India’s labor laws as part of its effort to expand production in the country. India’s regional governments…
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…
Apple’s iPhone assembler has $100 million of ‘indirect exposure’ to Silicon Valley Bank collapse
Apple’s main iPhone assembler has indirect exposure to Silicon Valley Bank’s meltdown of about $100 million, joining the ranks of finance and…
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 supplier Goertek says VP exiting just days after he sounded alarm on communist China supply chain exodus
One of Apple’s largest acoustic products suppliers, Goertek, on Wednesday said its vice-president Kazuyoshi Yoshinaga is leaving the company…
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…