Foxconn Stories November 12
Foxconn Stories October 1
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 …
Foxconn Stories August 12
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 …
Foxconn Stories August 6
Foxconn Stories August 4
Apple has given Chinese electronics maker Luxshare Precision Industry a big promotion, tapping the company for iPhone 13 production alongside Foxconn and Pegatron. A plan for this was first suggested more than a year ago, and is seemingly now confirmed.
The company currently makes several iPhone components, but this move by Apple is a highly unusual one, letting a new assembler make the latest flagship models …
Foxconn Stories July 12
Update: The vaccine purchase has now been made.
Apple suppliers TSMC and Foxconn are working on buying millions of doses of COVID-19 vaccines for Taiwan. The plan is for the two companies to buy the vaccines, then donate them to the government for distribution to the people of the island nation.
The indirect arrangement, where the government authorizes private companies to buy vaccines on behalf of the country, is designed to thwart Chinese interference …
Foxconn Stories July 5
Foxconn Q2 earnings up 20% on demand for Apple products and more
Foxconn Stories July 2
Two Apple suppliers in India have been selected to receive manufacturing incentives, which are likely to be used for iPad production in the country. The scheme is known as a production-linked incentive (PLI) plan.
Foxconn Stories June 22
Both companies are offering recruitment bonuses worth well over a month’s average salary, with additional bonuses offered to employees who introduce friends who then accept jobs there …
Foxconn Stories May 14
Apple said during its last earnings call that although the impact on iPhone production would be limited, it did expect shortages of iPads and Macs …
Foxconn Stories May 11
A COVID-hit Foxconn plant in India has resulted in iPhone production being halved at the facility, as the country struggles to cope with a severe spread of the infection. The country is now the worst-hit in the world in terms of fatalities, having overtaken Brazil last month on a rolling average basis.
More than 100 Foxconn employees at the plant have tested positive, and no staff are allowed to enter the facility until late May …
Foxconn Stories March 30
Foxconn earnings and expectations for the rest of the year suggest that iPhone 12 demand is set to remain high through the first half of the year.
Chairman Young Liu said that sales of “all product lines” likely grew in the first quarter of the year, and that Foxconn is “cautiously optimistic” on the outlook for the rest of the year …
Foxconn Stories January 5
A report last month suggested that Apple was taken by surprise by better-than-expected iPhone 12 demand, boosting 2021 production plans by between 20% and 30% – and supporting evidence continues to accumulate.
Counterpoint found that the iPhone 12 was the world’s best-selling 5G phone, Qualcomm’s dramatic boost in Q3 2020 revenue was largely credited to the new iPhone lineup, and other supply-chain sources pointed to reality matching the supercycle hype. Today, record revenues for primary iPhone supplier Foxconn adds to the weight of evidence …
Foxconn Stories November 16, 2020
Both Foxconn and Nippon Nippon have been asked to send samples so that Apple can see how they stand up to more than 100,000 fold operations …
Foxconn Stories November 12, 2020
Key iPhone assembler Foxconn has said that iPhone 12 demand is strong, and sees that continuing through the holiday quarter.
The company made the statement at an investor conference today, where it was also asked about the promised Wisconsin plant which has so far failed to manufacture anything …
Foxconn Stories October 8, 2020
Foxconn Stories October 7, 2020
Indian manufacturing incentives proposed earlier in the year have now been confirmed. In return for manufacturing premium smartphones in India, manufacturers will qualify for incentives worth between 4% and 6% of the cost of each device.
Although open to any brand, the scheme has a requirement which is expected to primarily benefit Apple and Samsung …
Foxconn Stories September 29, 2020
The company has reportedly introduced mandatory overtime for workers, and employees have been asked to forgo the eight-day national holiday beginning on October 1 …
Foxconn Stories August 12, 2020
Foxconn smartphone revenue dropped by 15% in the second quarter of the year, according to the company’s latest earnings report. Although Foxconn has a number of phone clients, the majority of its smartphone revenue comes from Apple.
Foxconn Stories July 3, 2020
Government action that hit iPhone production in India now resolved — Foxconn
Foxconn Stories July 2, 2020
Update: There seems some potential good news ahead. Economic Times reports that the Indian government is considering an exemption to the checks for foreign companies like Apple.
Components arriving from China are said to have been held in Indian customs in what seems to be the latest escalation of the fallout from a disputed border between the two countries…
Foxconn Stories May 15, 2020
Foxconn says that the coronavirus impact on smartphone demand is set to be ‘enormous,’ and recovery will take ‘a very long time.’
Company chairman Liu Young-way made the comments as Foxconn reported first-quarter profits down 90% year-on-year as a result of production shutdowns in China at the height of the coronavirus crisis there …
Foxconn Stories April 13, 2020
As we await ventilator production, Foxconn’s Wisconsin offices still empty
Foxconn’s Wisconsin offices remain empty a year after the company said it would “correct” statements about them being unoccupied, says a new report today…
Foxconn Stories April 9, 2020
The Chinese government requires all factories to implement a series of specific safeguards, but Foxconn is going far further …