Workers in the Foxconn electronics manufacturing factory in central China were hit hard by a recent outbreak of COVID-19. Under the Chinese regime’s zero-COVID measures, many workers at the plant in Zhengzhou City, the capital of Henan Province, are isolated in dormitories or makeshift quarantine facilities, and have been asking the outside world for help…
Unbearable Conditions for Foxconn Employees Isolated by COVID-19 Outbreak
Apple’s Global Manufacturing Strategy Tilts Towards India With Taiwan Factories Playing Leading Role
Apple’s latest phone model iPhone 14 is set to be produced and assembled in India, with Taiwan-based foundries Foxconn, Wistron, and Pegatron playing key roles. News that Apple has begun assembling iPhone 14 models in India, was released on Sept. 26 and is being seen as another indication that the tech giant’s global production strategy…
Apple Supplier Foxconn Posts Record Q3 Revenue: Says ‘Cautiously Positive’ on Q4 Outlook
Apple Inc. supplier Hon Hai Precision Industry Co., Ltd., operating as Foxconn, said the company is “cautiously positive” about the outlook for the fourth quarter. What Happened The company said “the dynamics of inflation, the pandemic, and the supply chain still need to be closely monitored,” and added that the outlook for the entire year…
Vedanta, Foxconn to Invest $19.5 Billion in India’s Gujarat for Chip, Display Project
NEW DELHI—Vedanta Ltd. and Taiwan’s Foxconn will invest $19.5 billion under pacts signed on Tuesday to set up semiconductor and display production plants in Gujarat, the home state of Indian Prime Minister Narendra Modi. Reuters was first to report on Monday that the joint venture obtained subsidies including on capital expenditure and electricity from Gujarat…
Apple Supplier Foxconn to Invest $300 Million More in Northern Vietnam, State Media Reports
HANOI—Apple supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday. The Taiwanese company’s new factory, on a plot of 50.5 hectares (125 acres) in Bac Giang province, will…
China Orders Manufacturers Into ‘Closed-Loop’ Production, More Partial Lockdowns in Megacities as COVID-19 Continues to Spread
July 29, 2022
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Asia & PacificCCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeFoxconnglobal supply chainINSIDE CHINAsocial controlSpecial TopicsWorldWuhan
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Shenzhen authorities ordered manufacturers in the economic hub, including Apple suppliers, into a 7-day “closed-loop” production mode, as COVID-19 continues to spread in the city despite following the regime’s strict zero-COVID policy. The move has caused concerns about the possibility of longer mass lockdowns of factories like there were in Shanghai earlier this year. Meanwhile,…
Foxconn Could Be Fined for Investing in Chinese State-Backed Chipmaker Without Regulatory Approval
July 21, 2022
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Asia & PacificChinaChina Business & EconomyChina's semiconductor industryFoxconnSpecial TopicsTaiwanTech CompetitiontechnologyTsinghua UnigroupWorld
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Taiwanese electronics contract manufacturer Hon Hai Technology Group (best known internationally as Foxconn) could be fined for not seeking regulatory approval for investing in the embattled mainland Chinese state-backed chipmaker Tsinghua Unigroup, Reuters reported. Hon Hai could face a fine of up to NT$25 million ($835,586) for not first seeking approval for the investment from…
Apple Supplier Foxconn Weathers It All To Report Highest Quarterly Profit In 8 Years
Apple, Inc.’s iPhone assembler Hon Hai Precision Industry Co., Ltd. turned in forecast-beating results for the first quarter, defying the odds that included COVID lockdowns in China, supply challenges, input price inflation and demand slowdown. What Happened Hon Hai, widely known as Foxconn, reported a 5 percent increase in its first-quarter net income to NT$29.45…
China Locks Down City of 10 Million Amid New COVID Outbreak, Apple Supplier Takes a Hit
May 6, 2022
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appleCCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeCOVID-19FoxconnHenanINSIDE CHINAsocial controlSocial IssuesSpecial TopicsZhengzhou
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Another Chinese megacity is under lockdown due to a recent COVID-19 outbreak. Zhengzhou city, the provincial capital of China’s central Henan Province, is carrying out strict measures to contain the spread of the disease. But the lockdown could impact major manufacturers such as Apple supplier Foxconn, disrupting Apple’s supply chain. Following Shanghai, Hangzhou, and Guangzhou, local…
Lordstown, Foxconn Postponed Ohio Factory Sale Deadline
Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co. Ltd., operating as Foxconn, Bloomberg reports. The struggling EV startup needs to repay Foxconn if the deal does not close by May 14. Foxconn acknowledged that the two sides were still negotiating in a “positive and active…
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