The speed at which Foxconn production has resumed following the coronavirus closures and slowdowns has ‘exceeded expectations,’ according to company founder Terry Gou.
The company hasn’t, however, revealed what those expectations were, and it has warned that there may be supply-chain problems ahead …
Apple previously warned that it wouldn’t meet its March quarter guidance and now one of its primary manufacturing partners, Foxconn has shared an update today on how coronavirus has affected its business. It shows how big of an impact the virus has had when comparing last month’s revenue to January as well as the same period last year.
As the impacts of the coronavirus on businesses remain unclear, Foxconn is trying to appease its partners by announcing today that it expects to resume normal production at full capacity in China by the end of March.
Foxconn remains Apple’s primary producer of high-end flagship iPhone models. Whilst parts come in from all over the world, final assembly of Apple’s most expensive iPhones happens in Foxconn factories, so it’s good news for Apple that Foxconn thinks it can be back up and running sooner rather than later.
In an effort to persuade workers to return to its production plants, Foxconn is offering them bonuses, free shuttle-bus transportation, meals and accommodation …
Primary iPhone assembler Foxconn says that it has begun work on expansion plans for plants outside of China as it seeks to recover from production lost to the coronavirus outbreak.
The company is also ‘cautiously’ resuming production in China…
Foxconn has denied a report which claimed to describe its iPhone production targets as it struggles to deal with disruption caused by the coronavirus outbreak.
Reuters had claimed that chairman Liu Young-Way was aiming to be at 50% of normal production levels by the end of this month, and 80% in March…
The World Health Organization has put concerns over iPhone production into context by declaring that the coronavirus is now humanity’s greatest threat.
Initially thought to be less deadly than the SARS outbreak which killed 774 people across 2002 and 2003, the WHO now says that the death toll from the coronavirus is already well in excess of this…
The impact of the coronavirus on Apple suppliers continues into a second week, with Foxconn’s biggest iPhone plants severely hit.
One plant has been banned from re-opening by the government, while only 10% of the company’s workforce has turned up to a second one…
Foxconn has announced that its headquarters, and one of its iPhone plants, will not re-open on February 10. Monday was scheduled to be the date on which Chinese businesses would resume operations after an extended break to limit the spread of the coronavirus.
The news comes on the same day that we learn Apple Stores in China are also unlikely to re-open on this date…
Foxconn has announced plans to quarantine iPhone workers when they return to work on February 10, in an effort to limit the spread of the coronavirus.
The company’s biggest factory is in Zhengzhou, in the Henan province, some 300 miles from Wuhan, where the outbreak began…
Foxconn is still insisting that its ill-fated Wisconsin plant will be up and running at some point this year, despite the lack of progress to date…
Primary iPhone assembler Foxconn has reported record revenue in 2019, its highest ever full-year result. The company says it expects this year to deliver even stronger results…
Some Indian-made iPhones will be exported for sale in other countries, the government said today.
An unconfirmed report had previously suggested that a small number of iPhone 6 and iPhone 7 models were being exported from India to Europe, but the statement is the first official confirmation that this is part of Apple’s plans for the country…
Two Apple suppliers yesterday delivered their earnings reports, with rather different outcomes. The reports saw Foxconn profits rise significantly while Japan Display hit five straight years of losses.
While Foxconn’s fortunes are strongly tied to those of Apple, its strong Q3 performance may be despite, rather than because of, the Cupertino company …
Foxconn’s legal problem, reported this morning, is also Apple’s problem.
Apple has long worked hard to ensure suppliers like Foxconn comply with labor regulations, conducting regular audits to ensure underage workers are not employed, and enforcing Apple’s own rules on things like maximum overtime hours.
However, there is one breach of China’s employment laws that would seem almost impossible for either Foxconn or Apple to resolve, at least in the short term…
Foxconn has today shared its ambitious plans to make more iPhones in India — just as we get official confirmation that Chinese-made models will face 15% tariffs from December.
Foxconn currently has two assembly plants in India and says that it plans to expand those as well as open two more…
With US iPhones currently made in China, there has been much concern about the escalating trade war between the two countries. The worst-case scenario would be a 25% tariff on iPhones entering the US, which would either push up prices, hurt Apple’s bottom line, or both.
But Foxconn has said that the iPhone would be able to escape this fate, as the assembler has enough capacity in other countries to supply all US iPhones …
Two Apple suppliers, Foxconn and Japan Display, have both reported disappointing financial results today.
Weaker-than-expected demand from Apple was cited as one of the reasons …
The long-running Foxconn saga of the maybe-someday factory in Wisconsin continues. A new report today says that company chairman Terry Gou is flying to DC tonight for a White House meeting to discuss the project …
According to a report from Economic Daily News, iPhone assembly giant, Foxconn, is expanding its investments in micro-LED screen manufacturing with an eye to capture orders for future iPhones.
A letter from Wisconsin Governor Tony Evers reveals that Foxconn is indeed seeking to renegotiate the scale of its investment, which was originally supposed to generate 13,000 jobs in the state. The company has so far renamed an office building which currently appears empty.
Foxconn had previously said that it remained committed to the contract despite Gov. Evans stating that ‘the deal is no longer in play‘ …
Foxconn has insisted that it remains committed to creating 13,000 Wisconsin jobs, even though the state’s new governor said yesterday that the deal ‘is no longer in play’ and needs to be renegotiated …