iphone plant – pressnews

Foxconn subsidiary proposes to set up another iPhone plant in Karnataka

18Jul

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Technology

Foxconn subsidiary proposes to set up another iPhone plant in Karnataka

[ad_1] iPhone assembler Foxconn has a proposal to set up another supplementary plant in Karnataka, according to the state government release. Chief Minister Siddaramaiah chaired a meeting with the Foxconn Industrial Internet CEO Brand Cheng and other delegates here on Monday.Industries Minister MB Patil and IT Minister Priyank Kharge too participated in the meeting. As per the proposal, Foxconn Industrial Internet (Fii), a subsidiary of Foxconn, proposes to invest ₹8,800 crore, the release said, adding this would create 14,000 jobs and the land required for the project is about 100 acres. “The delegates of the company will be taken to Tumakuru to examine the available land at Japan Industrial Township in Tumakuru today itself,” it added. FII will engage in manufacturing screens, and ou...

iPhone Maker Foxconn Barely Grows Sales as Tech Demand Withers

6Apr

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iPhone Maker Foxconn Barely Grows Sales as Tech Demand Withers

[ad_1] Hon Hai Precision Industry Co. increased revenue by only 3.9% last quarter, underscoring how fears of a recession are crimping demand for iPhones and other consumer electronics.The world's largest maker of Apple Inc. 's devices, known also as Foxconn, reported revenue of NT$1.46 trillion ($48 billion) for the usually slower March quarter. That's down steeply even from the previous three months, when a Covid outbreak prompted protests at its main Zhengzhou facility in central China, disrupting iPhone production for weeks. That complex, known as “iPhone City” for being the largest global production site for Apple's marquee device, resumed normal operations only in January. Analysts estimated revenue of NT$1.45 trillion on average for the first three months of the year. Hon Hai also...

Foxconn plans new India iPhone plant in shift away from China

4Mar

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Foxconn plans new India iPhone plant in shift away from China

[ad_1] Apple will manufacture iPhones at a new plant in India, officials said Friday, as the US tech giant seeks to ramp up its India production and diversify away from China. The flagship mobile's global supply chain is based mainly in China, where strict Covid policies last year and ongoing diplomatic tensions with the United States have hurt production. "Apple phones to be built in the state soon," Karnataka state chief minister Basavaraj S Bommai tweeted on Friday. "Apart from creating about 100,000 jobs, it will create a whole lot of opportunities for Karnataka," he added. Rajeev Chandrasekhar, India's minister of state for information technology, said the proposed factory will be spread over 300 acres in the state, home to India...

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

3Jan

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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...

Foxconn Reports Big Sales Drop After iPhone Plant Disruption

5Dec

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Foxconn Reports Big Sales Drop After iPhone Plant Disruption

[ad_1] Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak. Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak in the Chinese city of Zhengzhou, where the company operates the world's largest iPhone assembly complex. The company, also known as Foxconn, said November was the most affected period by the pandemic and it expects the fourth quarter to be “roughly in line with market consensus.” The Covid outbreak led to government lockdowns, a worker exodus and violent protests at the manufacturing facility. The Zhengzhou campus in central China is where the bulk of the world's iPhone Pro ha...

China widens COVID curbs, Apple factory unrest adds to economy worries

23Nov

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Technology

China widens COVID curbs, Apple factory unrest adds to economy worries

[ad_1] Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy. Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs.Across China, cities including the capital Beijing and financial hub Shanghai have closed malls and parks, and imposed limits on the movement of people arriving from elsewhere as infections neared record highs last seen in April. The measures are darkening the outlook for the world's second-largest economy and dampening hopes that China would significantly ease...

Want iPhone 14 Pro or Max? Then read this

8Nov

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Technology

Want iPhone 14 Pro or Max? Then read this

[ad_1] Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China. Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China. The company announcement Sunday gave no details but said the factory operated by Foxconn in the central city of Zhengzhou is “operating at significantly reduced capacity.” “We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated,” the company said. “Customers will experience longer wait times to receive their new products.” Foxconn Technology Group said earlier it imposed anti-vi...

China iPhone factory under lockdown quadruples bonuses for workers who stay

1Nov

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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...

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

31Oct

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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, ...