Foxconn earnings comfortably beat expectations during the second quarter of the year, coming in at NT$33.3B ($1.1B) against consensus projections of NT$30.8 ($1.02B).
Strong demand for the iPhone 13 made a direct contribution to the company’s income, of course, but it also indirectly helped with assembly of products for Sony and Dell …
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Full-on Foxconn COVID-19 precautions are back in effect, at the request of the city government in Shenzhen, China. The company has been asked to return to closed-loop production, where workers live in dormitory accommodation on the campus, and are prohibited from physical contact with anyone outside the factory complex – including family members.
While Foxconn is downplaying the measure, it is raising concerns about a repetition of Shanghai-style lockdowns that could create extremely difficult conditions for workers and other residents, as well as significantly disrupting production …
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Primary iPhone assembler Foxconn has reportedly bought a stake in China’s top chipmaker, Tsinghjau Unigroup – but appears to have done so without the necessary government approval.
The move comes at a time when Apple is seeking to widen its chip supplier roster to guard against supply chain disruptions …
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As the launch of iPhone 14 comes closer, Foxconn Technology Group’s largest iPhone factory is going on a hiring spree. Located in Zhengzhou in China, Foxconn is offering hiring bonuses to new workers as they prep for production of Apple’s upcoming iPhone 14.
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Last week, rumors about a possible iPhone 14 delay rumors gained traction due to several lockdowns in China in the past few weeks. Now, Foxconn, the iPhone maker, has raised its outlook for the current quarter and 2022 in general by saying it’s improving supply chain stability in the country.
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Today saw key Apple supplier Foxconn warn that revenue could slip this quarter due to both slowing demand and growing supply-chain problems.
The company’s chairman said that there were many uncertainties in the market, and that Foxconn would be looking to further diversify to reduce its dependence on smartphone assembly …
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The Chinese city of Zhengzhou – known locally as iPhone City as it’s home to the world’s largest iPhone factory – has been placed into immediate lockdown following the discovery of COVID-19 infections.
This will have an immediate effect on iPhone 13 production, and also impacts Apple’s preparations for later iPhone 14 assembly …
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Taiwanese media reports that Apple asked Foxconn to begin recruiting iPhone 14 assembly workers earlier than usual in China, alongside boosting recruitment of those working on iPhone 13 production at its Zhenzhou plant.
Foxconn has responded by boosting its recruitment bonus by 30% in what is generally an off-season for iPhone production …
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The world’s biggest iPhone assembly plant – nicknamed iPhone City – has escaped COVID-19 shutdowns, as three other key Apple suppliers in China were last week forced to halt production.
Foxconn managers say that production is “proceeding well,” with 200,000 workers at work in the facility …
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As the number of cases of COVID has been increasing in China, the local government is once again enforcing lockdowns in the country. This time, a new lockdown in the city of Zhengzhou puts the operations of the main iPhone plant at risk.
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After China announced a few days ago a lockdown that impacted three main factories that manufacture Apple products, Foxconn now says it’s starting to operate the Zhengzhou factory “normally.” That said, ten of thousands of workers will have to undergo mandatory COVID-19 testing, which could present “a potential risk to a global supply of Apple’s signature device,” according to a new report.
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Twelve days after Foxconn’s Shenzhen factory announced it had halted iPhone production due to the COVID-19 outbreak, the company says it has “basically” resumed normal operations in its campuses.
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Shenzhen iPhone production was forced to shutdown at two Foxconn facilities due to a new COVID-19 outbreak – but has now partially restarted.
Although the Chinese government ordered the city into complete lockdown for at least a week, it has now granted an exemption to Foxconn to use the same ‘closed loop’ system used by other companies in Wuhan at the start of the pandemic …
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Foxccon, one of Apple’s biggest supply chain partners, is reportedly considering a new a new $9 billion factory in Saudi Arabia. According to a new report from The Wall Street Journal, the Saudi government is “reviewing an offer” from Foxconn for a “multipurpose facility that could make microchips, electric-vehicle components and other electronics like displays.”
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Foxconn, one of Apple’s major suppliers, has halted operations in Shenzhen, China, due to a lockdown imposed by the local government following a new COVID-19 outbreak. There, the Taiwanese company has factories responsible for assembling iPhones and other Apple products.
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The iPhone maker Foxconn will start to produce chips in India with conglomerate Vedanta. With that, Apple could be one of the companies benefiting from this partnership.
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For the second time in seven months, former iPhone workers are being offered large sign-on bonuses as Foxconn strives to keep pace with demand for the iPhone 13.
The company offered similar increases to recruitment bonuses in June of last year …
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Update: As reported by Reuters, Foxconn India’s iPhone plant restarted production this Wednesday after three weeks closed. The publication notes that the factory reopened with one shift and 120 workers. Foxconn will take over two months for the plant to produce at full capacity again.
Late last year, 9to5Mac reported that Apple had ordered Foxconn in India to suspend iPhone production at a plant while placing the company on probation until it resolved problems with living conditions in Foxconn’s dormitories. Now, it appears the iPhone plant will reopen.
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We’re today learning more about what prompted the Foxconn iPhone plant shutdown in southern India – and it makes for truly gruesome reading.
We learned yesterday that Apple ordered Foxconn to suspend production at the plant, and placed the company on probation, until it resolved problems with living conditions in the company dormitories. It’s only today, however, that we’re getting the full picture of just how appalling those conditions were …
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iPhone production in India has again been disrupted as a result of worker complaints. Assembly was suspended at a Wistron plant last year following a riot over underpaid wages, and production has now been halted at a Foxconn plant after Apple upheld complaints about worker accommodation.
It is common in both India and China for seasonal iPhone workers to be recruited from considerable distances, and to live in company-supplied dormitories for the duration of their contract …
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According to a report from Reuters, a Foxconn factory that makes iPhones near Chennai in southern India will remain shut down this week. This comes after more than 150 employees at the factory were hospitalized for food poisoning over the weekend, leading to protests.
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Strong iPhone 13 demand helped Foxconn beat analyst expectations for Q3, and the company sees signs of improvement in chip supplies.
The company, whose biggest customer is Apple, announced a net income of NT$37B ($1.33B), against analyst predictions of NT$32.4B ($1.16B) …
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iPhone assembler Foxconn has bought an EV factory in Ohio in a $230M deal. The purchase was made from electric vehicle startup Lordstown Motors.
While a key Apple supplier buying an EV plant in the US will inevitably create speculation about potential Apple Car production, this appears unlikely …
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Foxconn’s Q3 forecast hints at potential iPhone 13 component shortages, following an earlier warning by Apple that supply constraints with Macs and iPads would extend to iPhone production this quarter.
The company is also reported to be using a new iPhone camera assembly process to reduce costs …
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