foxconn iphone – pressnews

Apple Supplier Foxconn’s Sales Decline Despite China Reopening

7Mar

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Technology

Apple Supplier Foxconn’s Sales Decline Despite China Reopening

[ad_1] Hon Hai Precision Industry Co.'s February sales fell 11.7% from a year earlier, despite a boost for the iPhone assembler from China's reopening. The Apple Inc. supplier, also known as Foxconn, said monthly revenue dropped to NT$402 billion ($13 billion) last month. Still, first-quarter outlook is “roughly in line with market expectation,” based on sales figures in the last two months, Hon Hai said in a statement Sunday. Lunar new year holidays in China occurred in January this year while in 2022 they took place in February. Output at the Taiwanese company's vast iPhone assembly complex in the Chinese city of Zhengzhou largely resumed normal operations in January, following disruptions from a Covid outbreak. Attention is on how the popularity of iPhones holds up, with over...

Analysis-Foxconn races to become an EV player and the clock is ticking

6Mar

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Technology

Analysis-Foxconn races to become an EV player and the clock is ticking

[ad_1] Foxconn wants to do for electric vehicles (EVs) what it has done with the iPhone, but first, it needs to find the next Apple – and fast. The Taiwanese contract manufacturer faces competition in the market for creating white-label EVs that can be tailor-made for clients, whether that's a major automaker or a delivery provider or any other company. And while the electronics giant brings established strengths to the mostly loss-making EV industry, Foxconn needs to win a big contract to prove it can ride the wave of disruption, analysts say. Foxconn, formally called Hon Hai Precision Industry Co Ltd, will provide an update on its EV manufacturing business when it reports results on March 15. "The results of many of our collaborations will be realized one after the other in 20...

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...

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

18Nov

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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...

Shock move! China calls on retired soldiers to help Foxconn iPhone plant -SSN

17Nov

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Technology

Shock move! China calls on retired soldiers to help Foxconn iPhone plant -SSN

[ad_1] Local authorities in China's Henan province are urging retired soldiers and government workers to take on stints at Foxconn's iPhone factory in Zhengzhou, the official Shanghai Securities News reported on Tuesday. The plant, the world's largest iPhone manufacturing facility, has been hit by discontent over government mandated measures to curb the spread of COVID-19, which required the company to isolate many workers but also prompted many others to flee in recent weeks. The calls to retired workers have come from authorities in cities such as Jiyuan and Kaifeng, who are saying that those who take up the offer will be eligible to receive their current salary plus wages and bonuses from the factory, the publication said in a piece on its official WeChat account. In Jiyuan, for e...

Foxconn says production normal at iPhone plant in China despite COVID curbs

21Oct

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Technology

Foxconn says production normal at iPhone plant in China despite COVID curbs

[ad_1] Taiwan electronics manufacturer Foxconn said on Friday production at its largest iPhone factory remains normal. Taiwan electronics manufacturer Foxconn said on Friday production at its largest iPhone factory remains normal, despite tightening COVID-19 restrictions at the plant in the Chinese city of Zhengzhou this week. The Zhengzhou campus, which assembles Apple Inc's iPhone and has about 300,000 workers, banned all dining in and required workers to take their meals back to their dormitories beginning on Wednesday, a notice posted on the factory's official WeChat account showed. "Zhengzhou (plant) still maintains normal production and has little impact (from the situation)," Foxconn told Reuters. The new measures follow Zhengzhou's latest outbreak recording a total of 1...