Tag: Apple supplier

Foxconn moves further away from China, set to invest additional $1.7 bn in Karnataka
13Dec By adminNo Comments
Technology

Foxconn moves further away from China, set to invest additional $1.7 bn in Karnataka

[ad_1] Apple supplier Foxconn plans to invest an additional 139.11 billion rupees ($1.67 billion) in India's Karnataka state, the state government said in a statement on Tuesday.The Taiwan-based company, which assembles around 70% of iPhones and is the world's largest contract manufacturer, has been diversifying production away from China following COVID-19 disruptions and geopolitical tensions. It has rapidly expanded its presence in India over the past year by investing heavily in manufacturing facilities in the south of the country. In Karnataka state itself, the company announced in August an investment of $600 million in two projects to make casing components for iPhones and chip-making equipment.Foxconn is also expected to start manufacturing iPhones in the southern state by April...
Read More
Apple Supplier Foxconn to Work With China on Unspecified Probes
22Oct By adminNo Comments
Technology

Apple Supplier Foxconn to Work With China on Unspecified Probes

[ad_1] Key iPhone assembler Hon Hai Precision Industry Co. said it will collaborate with Chinese authorities on unspecified probes, following a report that officials are conducting tax audits and reviewing land use by parent Foxconn Technology Group Co. Tax authorities are conducting checks on Foxconn subsidiaries in Guangdong and Jiangsu provinces, the state-run Global Times said Sunday, citing unidentified people with knowledge of the matter. The report also said natural resources officials are looking into the company's use of land in Henan and Hubei provinces. We are now on WhatsApp. Click to join. No further details of the investigations and tax checks were provided in Global Times' report. Hon Hai didn't give specifics either in a filing with Taiwan's stock exchange. Foxconn's Zhe...
Read More
iPhone production halted after fire breaks out in Pegatron plant near Chennai
25Sep By adminNo Comments
Technology

iPhone production halted after fire breaks out in Pegatron plant near Chennai

[ad_1] Pegatron, an Apple iPhone manufacturer, on Monday suspended iPhone assembly at its facility near Chennai, Tamil Nadu, due to a fire incident. The incident happened on Sunday night, three sources told Reuters. Pegatron, a Taiwanese firm, called off all shifts for the day at the factory. Workers are yet to be informed whether the facility will function on Tuesday. Pegatron in a statement told Reuters that "there was a spark incident" at the facility that is currently under control, and the incident "does not have significant financial or operational impact" for the company.Apple did not respond to a request for comment. That the fire was serious enough is clear from the fact that multiple fire engines from various stations had to be brought in to douse the fire, taking nearly five ...
Read More
Apple iPhones to be assembled at new plant in India’s Karnataka state
4Mar By adminNo Comments
Technology

Apple iPhones to be assembled at new plant in India’s Karnataka state

[ad_1] Apple Inc's iPhones will soon be assembled at another site in the southern Indian state of Karnataka and 300 acres have been aside to set up a factory, the state government said on Friday. Bloomberg News had earlier reported that Apple partner Foxconn Technology Group planned to invest about $700 million in the Karnataka site to ramp up local production. The state's investment promotion division said in a tweet that the move would generate 100,000 employment in the next 10 years. Apple and Foxconn did not immediately respond to Reuters' requests for comment on the Bloomberg report. Currently, iPhones are assembled in India by at least three of Apple's global suppliers - Foxconn and Pegatron in Tamil Nadu, and Wistron in Karnataka. Apple has been shifting production away...
Read More
Apple supplier Foxlink’s fire safety systems mostly faulty, official says
1Mar By adminNo Comments
Technology

Apple supplier Foxlink’s fire safety systems mostly faulty, official says

[ad_1] Much of the fire safety equipment at Apple supplier Foxlink's facility in southern India was not functional, a government official told Reuters on Tuesday, a day after a blaze halted production at the maker of iPhone charging cables. The factory is located in the Chittoor district of India's Andhra Pradesh state and is unlikely to resume full operations for two months, raising supply chain concerns for the U.S. tech giant, Reuters reported earlier in the day. Foxlink was engulfed in a massive fire on Monday that led part of the building to collapse, but there were no casualties. Except for fire extinguishers, safety systems such as smoke detectors, sprinklers and fire hydrants were faulty, leading to a slower response in containing the fire, said J Ramanaiah, who leads th...
Read More
Apple supplier Foxconn hires chip veteran formerly at TSMC and SMIC
22Nov By adminNo Comments
Technology

Apple supplier Foxconn hires chip veteran formerly at TSMC and SMIC

[ad_1] Apple supplier and iPhone assembler Foxconn said it had hired Chiang Shang-yi to lead its growing push in the chip business. Major Apple Inc supplier and iPhone assembler Foxconn said on Tuesday it had hired Chiang Shang-yi, a former top executive at Taiwanese chipmaker TSMC and Chinese chipmaker SMIC, to lead its growing push in the chip business.Foxconn, the world's largest contract electronics maker, is best known for assembling iPhones and other Apple products, though in recent years it has been expanding into chips to diversify its business. It bought a chip plant from Taiwan chipmaker Macronix International last year and in September announced a joint venture with India's Vedanta Ltd to set up semiconductor and display production plants there. Foxconn said in a statement ...
Read More
Apple supplier Foxconn adjusts production to avoid holiday blues
10Nov By adminNo Comments
Technology

Apple supplier Foxconn adjusts production to avoid holiday blues

[ad_1] Apple supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs. Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders.Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant, the world's largest iPhone factory, disrupting production and fuelling concerns over the impact of China's virus policy on global supply chains. The plant in China's industrial hub employs about 200,000 people. Speaking on an earnings call, Chairman Liu Young-way said the Christmas and Lunar New Year holiday...
Read More
As Apple iPhone, laptop sales soar in India, distributor Redington Q2 profit up
7Nov By adminNo Comments
Technology

As Apple iPhone, laptop sales soar in India, distributor Redington Q2 profit up

[ad_1] India's biggest Apple and IT products distributor Redington Ltd on Thursday reported a 26% jump in September quarter profit. India's biggest Apple and IT products distributor Redington Ltd on Thursday reported a 26% jump in September quarter profit on the back of buoyant domestic demand for iPhones, laptops and software.Consolidated profit for the three months ended Sept. 30 climbed to 3.87 billion rupees ($46.76 million) from 3.07 billion rupees a year ago, the company said in an exchange filing. The iPhone distributor's quarterly revenue rose to 190.51 billion rupees from 152.87 billion rupees a year ago, per the filing. Apple, its single largest vendor, accounted for 27% of the revenue. India distribution business continued to post double digit growth, Redington said. The co...
Read More
Apple Supplier Grapples with Covid Flare-Up in iPhone City
26Oct By adminNo Comments
Technology

Apple Supplier Grapples with Covid Flare-Up in iPhone City

[ad_1] Foxconn is seeing a “small number” of Covid cases at its main campus in China, as the world’s biggest maker of iPhones aims to maintain production. Foxconn Technology Group is seeing a “small number” of Covid cases at its main campus in China, as the world's biggest maker of iPhones aims to maintain production amid tightening restrictions in one of the country's largest cities. Foxconn is assisting a ”small number of employees affected by Covid” in its Zhengzhou facility, the Taiwanese company said in a statement. The firm, known also as Hon Hai Precision Industry Co., is providing the workers with necessities and counseling, it added. Foxconn, which assembles the majority of Apple Inc.'s iPhones from Zhengzhou, had shut cafeterias and imposed other curbs on workers at the...
Read More