Major Apple assembler Foxconn is facing a tax probe in China, two sources close to Foxconn confirmed on Monday, saying they believed it…
Tag: Foxconn
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…
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 set to post rare revenue drop on China supply issues
Apple is expected by analysts to report its first decline in quarterly revenue in nearly four years after the Chinese Communist Party…
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…
India uses generous subsidies, hefty import taxes to woo Apple suppliers
India is gaining more and more of tech colossus Apple’s supply chain business thanks to a carrot and stick approach…
Strong recovery for Apple iPhone 14 Pro and iPhone Pro Max expected in January
DSCC’s Naranjo expects a strong recovery for Apple’s iPhone 14 Pro and iPhone Pro Max in January. iPhone 14 Pro…
Gene Munster: Apple iPhone 14 Pro pain in December will be March’s gain
On November 6th, Apple announced that China’s quixotic “Zero COVID” lockdowns were impacting its iPhone 14 Pro and iPhone 14 Pro Max…
Apple reportedly seeks to triple iPhone assembly in India over the next two years
In order to diversify production out of problematic China, Apple is looking to triple its production of iPhones assembled in India …
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…
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…
Chinese Communist Party set to ease ‘Zero COVID’ lockdowns and restrictions
The Chinese Communist Party is set to announce the easing of some of its quixotic “Zero COVID” lockdowns and restrictions as early as Wed…
