foxconn china – pressnews

Taiwan fines Foxconn for unauthorised China investment

20Jan

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Technology

Taiwan fines Foxconn for unauthorised China investment

[ad_1] Taiwan on Thursday fined Foxconn T$10 million ($329,088) for making an unauthorised investment in a Chinese chip firm. Taiwan on Thursday fined Foxconn T$10 million ($329,088) for making an unauthorised investment in a Chinese chip firm, but said the Taiwanese iPhone assembler had cooperated in the case and so received a lesser punishment. Taiwan, which Beijing views as sovereign Chinese territory, has kept a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology. Foxconn, a major Apple Inc supplier and the world's largest contract electronics maker, disclosed last July it was a shareholder in Chinese chip conglomerate Tsinghua Unigroup, but said last month it would be sel...

iPhone City Is Back at 90% Capacity After Covid Turmoil Subsides

3Jan

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Technology

iPhone City Is Back at 90% Capacity After Covid Turmoil Subsides

[ad_1] Foxconn Technology Group has brought the world’s largest iPhone plant to about 90% of anticipated peak capacity. Foxconn Technology Group has brought the world's largest iPhone plant to about 90% of anticipated peak capacity, suggesting Apple Inc.'s biggest main production partner has secured enough workers despite a Covid resurgence and recent staff upheaval. Foxconn's plant in the central Chinese city of Zhengzhou is now operating with roughly 200,000 staff, the official Henan Daily reported, citing Foxconn executive Vic Wang. That is about the normal staffing level, based on previous reports. As of Dec. 30, the plant was shipping at 90% of the peak capacity forecast at the start of last year, the representative said. The factory's speedy bounce-back bodes well for produ...

Taiwan to fine Foxconn for unauthorised China investment

18Dec

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Technology

Taiwan to fine Foxconn for unauthorised China investment

[ad_1] Taiwan's government said it would fine Foxconn for an unauthorised investment in a Chinese chip maker even after the Taiwanese firm said it would be selling the stake. Taiwan's government said on Saturday it would fine Foxconn, the world's largest contract electronics maker, for an unauthorised investment in a Chinese chip maker even after the Taiwanese firm said it would be selling the stake. Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology. Foxconn, a major Apple Inc supplier and iPhone maker, disclosed in July it was a shareholder of embattled Chinese chip conglomerate Tsinghua Unigroup. Late Friday, Foxconn said in a filing to the Taipei sto...

Apple supplier Foxconn’s founder Terry Gou pushed China to ease COVID curbs – WSJ

10Dec

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Technology

Apple supplier Foxconn’s founder Terry Gou pushed China to ease COVID curbs – WSJ

[ad_1] Apple supplier Foxconn's founder Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy. Apple supplier Foxconn's founder Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported. The appeal, sent by Gou in a letter more than a month ago, played a major role in convincing China's leadership to quickly reopen the economy and move away from its zero-tolerance COVID-19 policy, the report said on Thursday, citing people familiar with the matter. Gou's office said in a statement that it "sternly denies" the facts in the report. Foxconn, which is the biggest assembler...

What is behind Foxconn’s iPhone factory China woes?

29Nov

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Technology

What is behind Foxconn’s iPhone factory China woes?

[ad_1] Mistrust, miscommunication, COVID curbs. When officials from his Chinese village approached Hou last month, urging him to work at the world's largest iPhone factory for at least twice the usual pay, he knew it was risky.Tens of thousands of workers had fled the plant in central China in previous weeks and violent protests had erupted over a COVID-19 lockdown and confusion over hiring bonuses. But Hou, 24, who asked to be identified only by his family name, told Reuters he took the job at the Zhengzhou plant belonging to Foxconn, Apple's biggest iPhone maker, making 70% of iPhones globally. The crisis could cut production for November at the factory by at least 30%, a Foxconn source told Reuters on Thursday, a development that has hit Apple's share price.The plant owned by Taiwa...

Five things to know about Taiwan tech giant Foxconn

2Nov

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Technology

Five things to know about Taiwan tech giant Foxconn

[ad_1] China has imposed a strict lockdown on an area of central China housing a vast iPhone factory operated by Taiwanese tech giant Foxconn. The company, also known as Hon Hai Technology Group, is the world's largest contract manufacturer of electronics, including producing 70 percent of all iPhone shipments globally. The firm is also one of the world's biggest employers, with nearly 1.3 million working in factories mostly in China but also across Asia, eastern Europe, Latin America and the United States. Here are five things to know about the tech behemoth, the latest victim of China's no-compromise zero-Covid strategy: - Maverick founder - Terry Gou, once Taiwan's richest man (he ranked 6th this year), started his business in 1974 making television parts. And the rise of ...

iPhone-Maker Foxconn Slams ‘Malicious’ Video of Staff Deaths as Outcry Grows

1Nov

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Technology

iPhone-Maker Foxconn Slams ‘Malicious’ Video of Staff Deaths as Outcry Grows

[ad_1] Foxconn has denied claims on social media of several deaths from a Covid outbreak at its main iPhone plant in China. Foxconn Technology Group has denied claims on social media of several deaths from a Covid outbreak at its main iPhone plant in China, calling the widely circulated videos “maliciously edited.” The video, posted by a well-known Chinese dissident on Twitter, described the deaths of eight Foxconn workers inside a company-operated dormitory. The clip had attracted more than 27,000 views as of Tuesday afternoon. Similar posts circulated on Chinese social media including Douyin, the local equivalent of TikTok. The iPhone-maker is grappling with mounting concern that a Covid flare-up at its main Zhengzhou plant could hurt production just as Apple Inc. gears up for ...