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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...

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...

Foxconn says ‘technical error’ occurred when hiring workers at major iPhone plant in China

[ad_1] Apple's major supplier Foxconn said on Thursday a "technical error" occurred when hiring new recruits at a major iPhone factory in China. Apple's major supplier Foxconn said on Thursday a "technical error" occurred when hiring new recruits at a major iPhone factory in China and offered an apology, one day after the company was rocked by fresh worker unrest.Hundreds of workers joined protests at Foxconn's flagship iPhone plant in China's Zhengzhou, with some men smashing surveillance cameras and windows, footage uploaded on social media showed. The company said in a statement it will continue to communicate with employees and try its best to solve concerns and demands by them. [ad_2] Source link