Foxconn Technology Group

Apple Supplier Foxconn to Work With China on Unspecified Probes

22Oct

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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...

Apple Supplier Foxconn Plans $500 Million Component Plants in India

1Aug

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Technology

Apple Supplier Foxconn Plans $500 Million Component Plants in India

[ad_1] Apple Inc.'s main supplier, Foxconn Technology Group, is planning to invest close to $500 million to build two component factories in India as part of a steady diversification from China.At least one of the factories that the Taiwanese company plans to construct in the southern Karnataka state will produce Apple parts, including for iPhones, people familiar with the matter said. A formal announcement is expected as early as this week, the people said, declining to be named as the matter is not public. The exact location of these new plants is yet to be decided. Apple didn't immediately reply to a request for comment. Foxconn didn't respond to an email for comment. The Karnataka state government didn't respond to a request for comment outside of business hours.Separately, Foxconn ...

Key Apple partners plan expansion in Southeast Asia in 2023

16Jan

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Technology

Key Apple partners plan expansion in Southeast Asia in 2023

[ad_1] Apple Inc. partners Foxconn Technology Group and Pegatron Corp. included Southeast Asia in their expansion plans for 2023. Apple Inc. partners Foxconn Technology Group and Pegatron Corp. included Southeast Asia in their expansion plans for 2023, in a sign major global contract electronics manufacturers will continue to add production capacity outside China to mitigate geopolitical and economic risks. “We will continue to grow our scale in mainland China, the Americas and Southeast Asia, and these efforts will blossom in 2023,” said Young Liu, chairman of Foxconn's flagship unit Hon Hai Precision Industry Co., at a company event on Sunday. Separately, Foxconn's smaller rival Pegatron will allocate $300 million to $350 million this year to capital expe...

Foxconn Offers Staff $1,400 to Leave After iPhone City Violence

24Nov

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Technology

Foxconn Offers Staff $1,400 to Leave After iPhone City Violence

[ad_1] Foxconn has begun offering $1,400 to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires who played a central role in violent protests at the iPhone factory. Foxconn Technology Group has begun offering 10,000 yuan ($1,400) to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires who played a central role in violent protests that rocked the world's largest iPhone factory.Apple Inc.'s main global production partner said in an online notice the sum, to be paid out in two installments, will help smooth the journey home for employees. Many of the 200,000-plus workers at Foxconn's main plant in Zhengzhou hail from elsewhere in the province or country. But the intent was also to usher out recent employ...

Covid Surge Tempers Hopes ‘iPhone City’ Lockdown Will Lift Soon

8Nov

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Technology

Covid Surge Tempers Hopes ‘iPhone City’ Lockdown Will Lift Soon

[ad_1] Covid cases have more than doubled in the central Chinese city of Zhengzhou, dampening hopes that authorities will lift a lockdown of the area surrounding the world’s largest iPhone factory. (Bloomberg) -- Covid cases have more than doubled in the central Chinese city of Zhengzhou, dampening hopes that authorities will lift a lockdown of the area surrounding the world's largest iPhone factory. A seven-day lockdown of the Airport Economy Zone, which houses Apple Inc.'s global iPhone production base, expires noon Wednesday. The local government may extend those curbs -- which curtail the flow of everything but essential goods and personnel -- depending on the progress of a local outbreak. Covid cases across the city jumped to 733 as of Monday from 297 the previous day. An ex...

Apple Supplier Grapples with Covid Flare-Up in iPhone City

26Oct

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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...

Foxconn Unveils Pickup, Crossover Models to Expand EV Lineup

19Oct

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Technology

Foxconn Unveils Pickup, Crossover Models to Expand EV Lineup

[ad_1] Foxconn took the wraps off two new electric vehicles, prototypes that embody the iPhone maker’s ambitions. Foxconn Technology Group took the wraps off two new electric vehicles on Tuesday, prototypes that embody the iPhone maker's ambitions of carving out a slice of a market led by the likes of Tesla Inc. The company, whose main listed arm is Hon Hai Precision Industry Co., unveiled the Model B crossover SUV and Model V pickup truck at its event in Taipei. Foxconn founder Terry Gou, 72, introduced the Model B by driving it onto the stage. The pickup will be produced in Taiwan, Thailand and the US, Hon Hai Chairman Young Liu said. Foxconn is hoping to replicate the way it muscled into electronics assembly to become the biggest manufacturing partner for Apple Inc. and other ...