Tag: foxconn china factory

What is behind Foxconn’s iPhone factory China woes?
29Nov By adminNo Comments
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...
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Shocking social media videos show PROTESTS at Apple iPhone factory in China over lockdown
23Nov By adminNo Comments
Technology

Shocking social media videos show PROTESTS at Apple iPhone factory in China over lockdown

[ad_1] Home Tech News Shocking social media videos show PROTESTS at Apple iPhone factory in China over lockdown Workers are protesting by carrying out a large-scale march at the Foxconn plant in Central China. By: AP | Updated on: Nov 23 2022, 14:09 IST People crossing downed barricades at Foxconn's iPhone plant in Zhengzhou, Central China. (REUTERS) People crossing downed barricades at Foxconn's iPhone plant in Zhengzhou, Central China. (REUTERS) Social media videos show worker protests at world's biggest Apple iPhone factory over pay disputes amid virus lockdown. Follow HT Tech for the latest tech news and reviews , also keep up with us on Twitter, Facebook, Google News, and Instagram. For our latest...
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Foxconn jobs windfall! Over 100,000 workers hired in big boost for Apple iPhones
18Nov By adminNo Comments
Technology

Foxconn jobs windfall! Over 100,000 workers hired in big boost for Apple iPhones

[ad_1] Apple supplier Foxconn has hit a hiring target of 100,000 new workers for its Zhengzhou plant in China, financial news outlet Yicai reported on Thursday. Apple supplier Foxconn has hit a hiring target of 100,000 new workers for its Zhengzhou plant in China, financial news outlet Yicai reported on Thursday, a milestone that could ease production pressure at the COVID-hit site.Yicai, citing an unidentified high-ranking staffer at the plant, said Foxconn had received more than 100,000 job applications so far and was ending its latest hiring drive. Foxconn, formally known as Hon Hai Precision Industry, did not immediately respond to a request for comment. The plant, the world's largest iPhone manufacturing facility, has since last month faced staff discontent over government mandat...
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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...
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Foxconn working ‘at fastest speed’ to restore vast China plant
10Nov By adminNo Comments
Technology

Foxconn working ‘at fastest speed’ to restore vast China plant

[ad_1] Taiwanese tech giant Foxconn said it was working quickly to resume full production at its giant factory in central China before the crucial holiday season. Taiwanese tech giant Foxconn, a principal Apple subcontractor, said Thursday it was working quickly to resume full production at its giant factory in central China before the crucial holiday season. Foxconn, also known by its official name Hon Hai Precision Industry, is the world's biggest contract electronics manufacturer assembling gadgets for many international brands. Most of its factories are in China, particularly the eastern city of Zhengzhou where lockdowns were imposed last month, in line with Beijing's zero-Covid policy, after a spike in infections. The huge facility of some 200,000 workers -- dubbed "iPhone...
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iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout
8Nov By adminNo Comments
Technology

iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout

[ad_1] Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones. Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones for the rest of the year as it battles a coronavirus outbreak. Though deemed unlikely, the worst-case scenario for Foxconn's main listed unit, Hon Hai Precision Industry Co., would result in a 20% shortfall in expected sales for the current quarter, analysts led by Sharon Shih wrote in a research note Nov. 7. That would also entail a 36% drop in revenue from production of Apple Inc.'s iPhone. Foxconn, the Taiwanese manufacturer best known for being Apple's key d...
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China iPhone factory under lockdown quadruples bonuses for workers who stay
1Nov By adminNo Comments
Technology

China iPhone factory under lockdown quadruples bonuses for workers who stay

[ad_1] The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant. The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility. China is the last major economy committed to a zero-Covid strategy, persisting with snap lockdowns, mass testing and lengthy quarantines in a bid to stamp out emerging outbreaks. But new variants have tested local officials' ability to snuff out flare-ups faster than they can spread, causing much of the country to live under an ever-changing mosaic of Covid curbs. Taiwanese tech giant Foxconn's plant in Zhengzhou has been under lockdown since mi...
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iPhone-Maker Foxconn Slams ‘Malicious’ Video of Staff Deaths as Outcry Grows
1Nov By adminNo Comments
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 ...
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iPhone Assembler Foxconn Moves to Limit Plant Disruption as Shares Slide
31Oct By adminNo Comments
Technology

iPhone Assembler Foxconn Moves to Limit Plant Disruption as Shares Slide

[ad_1] Foxconn’s main listed arm fell the most in three weeks. Foxconn Technology Group's main listed arm fell the most in three weeks, after the world's largest maker of iPhones said it may boost capacity at alternative sites to mitigate potential disruption at its main Covid-stricken plant in China. Foxconn, whose listed vehicle is Hon Hai Precision Industry Co., 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 the holiday season. The Taiwanese company also makes iPhones at a factory in Shenzhen, which together with Zhengzhou cranks out the majority of the world's iPhones. Its shares fell as much as 2.4% Monday in Taipei. Social media erupted over the weekend with photos and videos of work...
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iPhone Maker Lifts Wages, Preps Backup for Covid-Hit China Plant
31Oct By adminNo Comments
Technology

iPhone Maker Lifts Wages, Preps Backup for Covid-Hit China Plant

[ad_1] Foxconn is preparing to bring backup production online and raise wages, after an exodus of workers threatened to disrupt an iPhone plant. Foxconn Technology Group is preparing to bring backup production online and raise hourly wages by more than a third, after an exodus of workers threatened to disrupt output at the world's largest iPhone plant ahead of the holidays. Foxconn, whose listed vehicle is Hon Hai Precision Industry Co., 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 the crucial year-end season. Its shares fell 1.4% Monday, the worst decline in three weeks. Social media erupted over the weekend with photos and videos of workers departing the Zhengzhou plant, some on foot, ...
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