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 …
The long-running Foxconn Wisconsin invisible factory saga continues, with the state seemingly now admitting that the much-touted job-creation deal isn’t going to deliver.
The $10B LCD factory deal was first announced in the summer of 2017, with the Trump administration claiming that it would create as many as 13,000 new jobs …
We’ve been hearing reports for some time that Foxconn is gearing up for iPhone X production in India, and a new report says that volume production is set to begin in July.
The earliest report – at that time quite vague – was in December of last year. That said only that ‘top-end iPhones’ could be made in India by Foxconn ‘as early as 2019,’ alongside iPhone 8 production by Wistron …
One claim that higher-end iPhones are to be made in India is untrue, say supply-chain sources. The original report, earlier this month, has been dismissed as ‘election rhetoric’ on the part of government officials.
There have been reports of higher-end iPhone assembly in India by both Wistron and Foxconn, and it’s the former claim which is today being disputed …
Foxconn salaries and benefits have reportedly been dramatically cut in response to lower iPhone orders.
Salaries were reduced by fewer working hours being available, with one worker saying that the peak production season for iPhones – which normally lasts 4-5 months – lasted for only around 20 days for the 2018 models …
Days after reporting that Foxconn will no longer be building its Wisconsin factory, the company is reversing course yet again following new discussions with President Trump. Foxconn now says that it will build the factor following “productive discussions” with the White House.
Foxconn is for the second time scaling back on its plans for its Wisconsin LCD facility. Originally touted as a $10B TV display factory expected to create up to 13,000 jobs, the company subsequently said it was cutting costs by instead aiming to make smaller displays.
Today, however, Foxconn CEO’s special assistant Louis Woo has said that it is now ‘not building a factory’ at all, but rather something far more modest in scope …
Contract manufacturer Foxconn is trying to calm stock market fears after a report last week that it had laid-off 50,000 workers from its iPhone factory at Zhengzhou months earlier than expected.
It has made a statement in a stock exchange filing suggesting that it is recruiting even more workers for its other production facilities …
Foxconn’s main iPhone assembly plant has cut around 50,000 contract jobs since October, says a new report.
As iPhone demand is seasonal, ramping up when new models are released and through the holiday season, and then reducing later, the company relies on a large influx of temporary workers to meet the changing production requirements. But this time it is said to have cut many of those contract jobs months earlier than usual …
Foxconn revenue for December fell by 8%, reports the iPhone assembler, citing a large fall in demand in the ‘consumer product category.’
The company didn’t get any more specific than that, but in the light of Apple’s guidance downgrade for the holiday quarter, reduced demand for iPhones seems the most likely explanation …
Apple may shift a larger portion of iPhone production to Pegatron, in order to comply with the iPhone sales ban injunction announced by a Chinese court on Monday. According to a report from Nikkei, iPhones assembled by Foxconn and Wistron are in infringement of Qualcomm patents … but Pegatron-produced iPhones are not (Qualcomm confirmed Pegatron is exempt).
Pegatron has a patent licensing agreement in place with Qualcomm that covers the two patents at the center of the ban. Apple believes that if its hand is forced, it can (at least partially) substitute Foxconn and Wistron assembly with Pegatron.
Early sales of the iPhone XS and XS Max appear to have gone well, with iPhone assembler Foxconn reporting a record high for its Q3 revenue …
Apple has reportedly had to rejig production plans for the iPhone XR after one of its suppliers ran into manufacturing issues with the new phone, due to go on sale on October 26 …
iPhone assembler Foxconn has reported profits of T$17.49B ($567M) for the second quarter of the year. That represents its second quarterly fall …
iPhone assembler Foxconn is reportedly offering staff retention bonuses as it begins ramping up hiring for production of this year’s models …
Key Apple supply chain partner Foxconn has now broken ground on its first plant in the United States. The Wisconsin factory project is estimated to cost $10 billion and create thousands of jobs. President Donald Trump attended the construction launch, who has said he hopes this project will help kickstart a wave of US manufacturing, with less reliance on Asia.
The wisdom of Wisconsin offering $3B in subsidies to persuade Foxconn to build a display factory in Racine County is being further questioned today.
It’s been revealed that taxpayers are now coughing up an additional billion dollars in sweeteners not long after it was reported that Foxconn may not be investing the full $10B it promised …
Foxconn recently spoke about some of its plans to become less dependent on iPhone assembly orders, and one of the company’s biggest initiatives is off to a good start …
Being overly dependent on Apple orders can be dangerous to the health of a business. Ask Imagination Tech or Dialog. Which is why iPhone assembler Foxconn is seeking to diversify its business.
In a new interview, Louis Woo, special assistant to Foxconn chairman Terry Gou, outlined some of the company’s plans – and how it has to be careful not to be seen to be competing with Apple …
When iPhone assembler Foxconn announced that it was building a new display plant in Wisconsin, there was much celebrating over the $10B investment. But it now seems that the company may be planning to scale back the plant …