https://www.scmp.com/rss/209173/feed Trading as Foxconn, Hon Hai Precision Industry is the world's biggest maker of electronic components by revenue. Primarily an original equipment manufacturer, the company is best known as a supplier to Apple, but also counts Microsoft, Amazon, HP and Sony among its clients. Foxconn has also sought to break into new sectors, including electric vehicles and space satellites. Over the years, the company has been embroiled in a number of controversies over pay to its workers and employee suicides. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Phoebe Zhang Phoebe Zhang As the new Communist Party chief of China’s southern manufacturing hub Shenzhen, Jin Lei is facing his first major test as the city prepares to host the Apec leaders’ summit in November. Beijing is seeking more cooperation with the bloc in areas like artificial intelligence, and the key regional forum is an opportunity to show the potential in tech-driven Shenzhen, where Jin took the helm last month. In recent weeks, the 56-year-old economist and former Sichuan official has been focused on... https://www.scmp.com/news/china/politics/article/3349869/shenzhens-new-party-boss-has-taken-wheel-can-he-deliver-ahead-apec?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3349869/shenzhens-new-party-boss-has-taken-wheel-can-he-deliver-ahead-apec?utm_source=rss_feed Tue, 14 Apr 2026 02:00:10 +0000 Victoria Bela Victoria Bela China’s southern tech hub of Shenzhen has a new Communist Party chief, nearly six months after the city’s former party boss was promoted to provincial governor. State media announced on Sunday that Jin Lei, 56, had been appointed Shenzhen’s party chief as well as a member of the Guangdong provincial party committee and its standing committee. Jin, an economist and former official in the southwestern province of Sichuan, takes over from Meng Fanli, who had been in the position since April... https://www.scmp.com/news/china/diplomacy/article/3347482/veteran-iphone-city-tapped-party-boss-chinas-silicon-valley?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3347482/veteran-iphone-city-tapped-party-boss-chinas-silicon-valley?utm_source=rss_feed Sun, 22 Mar 2026 11:01:00 +0000 Ann Cao Ann Cao As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series, we explore three representative areas of the country as they attempt to navigate this rapidly changing environment. After a 900km (559-mile) journey at the end of last month’s Chinese New Year holiday, 24-year-old Ma... https://www.scmp.com/economy/china-economy/article/3347381/kunshan-chinas-foxconn-nerve-centre-old-tech-tries-learn-new-tricks?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347381/kunshan-chinas-foxconn-nerve-centre-old-tech-tries-learn-new-tricks?utm_source=rss_feed Sat, 21 Mar 2026 22:00:14 +0000 Wency Chen Wency Chen Apple CEO Tim Cook kicked off his first tour of China this year on Wednesday, while the iPhone maker’s chief operating officer visited key suppliers, including Foxconn and Sunwoda, in a sign of the company’s continued focus on the country’s huge market and manufacturing ecosystem. Cook turned up at an Apple Store in Chengdu, the capital of southwestern Sichuan province, in the afternoon as part of the company’s 50th anniversary celebrations. He interacted with celebrities and customers,... https://www.scmp.com/tech/article/3347062/apples-tim-cook-visits-china-reliance-chinese-supply-chains-endures?utm_source=rss_feed https://www.scmp.com/tech/article/3347062/apples-tim-cook-visits-china-reliance-chinese-supply-chains-endures?utm_source=rss_feed Wed, 18 Mar 2026 14:00:14 +0000 Vincent Chow Vincent Chow Taiwan Semiconductor Manufacturing Company (TSMC) needs to “work very hard” to meet growing demand from leading US chip designer Nvidia, which alone could require TSMC to more than double its capacity in the next decade, Nvidia CEO Jensen Huang has said. Huang’s remarks followed a high-profile banquet on Saturday evening with executives of key supply chain partners in Taiwan, including TSMC chairman and CEO C C Wei and Foxconn chairman Young Liu, as the Nvidia founder sought to shore up supply... https://www.scmp.com/tech/article/3341994/nvidias-jensen-huang-urges-tsmc-expand-capacity-amid-ai-chip-crunch?utm_source=rss_feed https://www.scmp.com/tech/article/3341994/nvidias-jensen-huang-urges-tsmc-expand-capacity-amid-ai-chip-crunch?utm_source=rss_feed Sun, 01 Feb 2026 11:00:08 +0000 Hamzah Rifaat Hamzah Rifaat Western analysts often frame automation, artificial intelligence (AI) and robotics as an existential threat to workers, with the risk of impending unemployment potentially triggering economic unrest. However, 74 per cent of all industrial robots deployed last year were in Asia, where they do not appear to be replacing workers but are instead redefining roles amid innovative modes for production and higher efficiency. As digital factories become ubiquitous, countries such as Vietnam and China are... https://www.scmp.com/opinion/asia-opinion/article/3335106/does-ais-rise-have-mean-job-losses-east-asia-tells-different-story?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3335106/does-ais-rise-have-mean-job-losses-east-asia-tells-different-story?utm_source=rss_feed Sun, 07 Dec 2025 01:30:09 +0000 Donald Low Donald Low Few cities have managed to shake off an industrial past as thoroughly as Kaohsiung. Once defined by its shipyards, heavy industry and petrochemicals, Taiwan’s third largest city has undergone a transformation that is nothing short of remarkable. In the last two decades, Kaohsiung has become a green, services-oriented cultural city. While it lacks the scale, resources and iconic urban attractions of Tokyo, Hong Kong, Singapore or Dubai, the home of Taiwan’s second busiest airport exudes a... https://www.scmp.com/week-asia/opinion/article/3333732/reinventing-kaohsiung-taiwans-port-city-transcends-its-industrial-past?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3333732/reinventing-kaohsiung-taiwans-port-city-transcends-its-industrial-past?utm_source=rss_feed Sat, 22 Nov 2025 05:30:09 +0000 Agence France-Presse Agence France-Presse Taiwan’s Foxconn Technology Group and OpenAI on Friday announced an agreement to design and build artificial intelligence data centre hardware, the latest in a string of infrastructure deals for the US creator of ChatGPT. Foxconn, the world’s largest electronics contract manufacturer, has seen profits soar after shifting its focus from low-margin iPhone assembly to AI servers that are now in huge demand, as firms plough hundreds of billions of dollars into the technology. Optimism over AI has... https://www.scmp.com/tech/tech-trends/article/3333657/taiwans-foxconn-expands-ai-hardware-push-openai-deal?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3333657/taiwans-foxconn-expands-ai-hardware-push-openai-deal?utm_source=rss_feed Fri, 21 Nov 2025 06:52:44 +0000 Wency Chen Wency Chen UBTech Robotics says it plans to expand its assembly of humanoid robots 10-fold next year to as many as 5,000 units and double that to 10,000 in 2027, as the scale economics of China’s advanced manufacturing prowess shaves a fifth off production costs every year. The Shenzhen-based company was on track to deliver 500 humanoid robots for industrial use by the end of this year, scaling up since delivering the first 10 droids last year, UBTech’s chief branding officer Michael Tam said during an... https://www.scmp.com/tech/article/3333427/ubtechs-2026-humanoid-robot-output-grow-10-fold-costs-plunge-scale-economics?utm_source=rss_feed https://www.scmp.com/tech/article/3333427/ubtechs-2026-humanoid-robot-output-grow-10-fold-costs-plunge-scale-economics?utm_source=rss_feed Wed, 19 Nov 2025 13:00:17 +0000 Reuters Reuters Foxconn Technology Group, the world’s largest electronics contract manufacturer, posted a 17 per cent rise in third-quarter profit on Wednesday, beating market forecasts, on sustained strength in demand for artificial intelligence servers. Net profit for the July-September period for Nvidia’s biggest server maker and Apple’s top iPhone assembler was T$57.67 billion (US$1.89 billion), higher than the consensus estimate of T$50.4 billion compiled by London Stock Exchange Group. Taiwan-based... https://www.scmp.com/tech/big-tech/article/3332455/nvidia-and-apple-supplier-foxconn-posts-17-rise-third-quarter-profit-beats-forecasts?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3332455/nvidia-and-apple-supplier-foxconn-posts-17-rise-third-quarter-profit-beats-forecasts?utm_source=rss_feed Wed, 12 Nov 2025 07:13:47 +0000 Wency Chen Wency Chen Nvidia founder and CEO Jensen Huang said he remained hopeful of returning to the China market, as US President Donald Trump signalled that the company’s state-of-the-art Blackwell artificial intelligence chips could feature in his coming talks with Chinese President Xi Jinping. Speaking on the sidelines of Nvidia’s flagship GTC (GPU Technology Conference) in Washington on Tuesday, Huang said he had “100 per cent confidence in President Trump’s ability to cut a great deal for America”. He noted... https://www.scmp.com/tech/big-tech/article/3330792/nvidia-ceo-pins-hopes-china-comeback-trump-raises-blackwell-chip-talks-xi?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3330792/nvidia-ceo-pins-hopes-china-comeback-trump-raises-blackwell-chip-talks-xi?utm_source=rss_feed Wed, 29 Oct 2025 10:56:07 +0000 Vincent Chow Vincent Chow Apple supplier BOE Technology Group, the world’s largest display maker, has established a new subsidiary to lead its foray into robotics and artificial intelligence software. Launched on Thursday, Beijing BOE Robot has a registered capital of 200 million yuan (US$28 million), according to corporate data provider Qichacha. The subsidiary was described as a developer of industrial robots and AI software, joining other major manufacturers that are pursuing robotics-related development... https://www.scmp.com/tech/tech-trends/article/3327252/chinese-display-manufacturing-giant-boe-makes-foray-robotics-ai-software?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3327252/chinese-display-manufacturing-giant-boe-makes-foray-robotics-ai-software?utm_source=rss_feed Mon, 29 Sep 2025 10:05:59 +0000 Coco Feng Coco Feng Super Typhoon Ragasa disrupted production of Apple’s iPhones in Shenzhen and crucial pre-holiday shipments by cross-border e-commerce merchants, as the year’s strongest storm barrelled towards southern China with heavy rain and hurricane-force winds. The world’s largest electronics contract manufacturer, Foxconn Technology Group, on Tuesday suspended assembly work at its Shenzhen unit – the innovative Product Enclosure Business Group, responsible for high-speed connectors, memory and other... https://www.scmp.com/tech/big-tech/article/3326663/super-typhoon-ragasa-disrupts-iphone-production-cross-border-e-commerce-southern-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3326663/super-typhoon-ragasa-disrupts-iphone-production-cross-border-e-commerce-southern-china?utm_source=rss_feed Wed, 24 Sep 2025 09:00:19 +0000 Bloomberg Bloomberg Apple assembly partner Foxconn has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology, a Foxconn component unit, in southern Tamil Nadu state is the second such move in a few months. Foxconn has started flying in engineers from Taiwan to replace staff leaving, people familiar with the matter said, asking not to be named as the... https://www.scmp.com/news/asia/south-asia/article/3322937/apples-india-push-tested-foxconn-recalls-300-chinese-staff?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3322937/apples-india-push-tested-foxconn-recalls-300-chinese-staff?utm_source=rss_feed Sat, 23 Aug 2025 13:46:37 +0000 Xinmei Shen Xinmei Shen A unit of Foxconn Technology Group, the world’s largest electronics contract manufacturer, is investing US$30 million in Hong Kong-based Robocore Technology, marking the Taiwanese company’s foray into the smart robotics market. Foxconn Technology – an independently listed firm in Taipei that is 9.88 per cent owned by the Apple and Nvidia supplier – made the investment as part of the recently completed Series D funding round of Robocore, which is headquartered in the Hong Kong Science Park. “This... https://www.scmp.com/tech/tech-trends/article/3322547/foxconn-unit-invests-us30-million-hong-kong-based-robocore?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322547/foxconn-unit-invests-us30-million-hong-kong-based-robocore?utm_source=rss_feed Thu, 21 Aug 2025 00:00:34 +0000 Coco Feng Coco Feng Apple’s main contract manufacturer, Foxconn Technology Group, has ramped up recruitment efforts ahead of the September launch of the iPhone 17, offering higher pay and bonuses for assembly line workers at its plants in Zhengzhou and Shenzhen. The world’s largest iPhone factory in Zhengzhou, in central Hunan province, has started increasing pay scales to lure temporary workers. A Tuesday post on WeChat by one of Foxconn’s recruiting agencies said workers who stayed at the factory for three months... https://www.scmp.com/tech/big-tech/article/3322526/apple-contractor-foxconn-ramps-hiring-china-factories-ahead-iphone-17-launch?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322526/apple-contractor-foxconn-ramps-hiring-china-factories-ahead-iphone-17-launch?utm_source=rss_feed Wed, 20 Aug 2025 13:00:15 +0000 Reuters Reuters Taiwan’s Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple as it takes advantage of the artificial intelligence boom to diversify its income. Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia, surpassed smart consumer products such as iPhones for the first time in the second quarter, marking the culmination of a shift that began... https://www.scmp.com/tech/big-tech/article/3322298/foxconn-shifts-focus-away-apple-ai-servers-drive-growth-taiwan-tech-sector?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322298/foxconn-shifts-focus-away-apple-ai-servers-drive-growth-taiwan-tech-sector?utm_source=rss_feed Tue, 19 Aug 2025 02:45:07 +0000 Reuters Reuters Foxconn Technology Group, the world’s largest electronics contract manufacturer, will form a strategic partnership with industrial motor maker Teco Electric & Machinery to boost development in the AI data centre market, the two Taiwan-based firms said on Wednesday. The move underscores Foxconn’s efforts to expand beyond its traditional role as Apple’s main iPhone assembler, as it taps opportunities in the artificial intelligence infrastructure market, from supplying AI server racks to data... https://www.scmp.com/tech/big-tech/article/3320170/apple-supplier-foxconn-partners-industrial-motor-maker-teco-build-ai-data-centres?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320170/apple-supplier-foxconn-partners-industrial-motor-maker-teco-build-ai-data-centres?utm_source=rss_feed Wed, 30 Jul 2025 11:16:28 +0000 Ji Siqi Ji Siqi Chinese companies should relocate their entire manufacturing ecosystems – rather than just completing the assembly of goods in another country – to solidify their overseas expansions, industry insiders said during the Annual Meeting of the New Champions in Tianjin. With uncertainty over global trade on the rise in the second term of US President Donald Trump, Chinese companies will look to strengthen the resilience of their supply chain by building factories in new markets, either for export or... https://www.scmp.com/economy/china-economy/article/3315806/chinas-firms-must-integrate-succeed-abroad-executives-say-summer-davos?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3315806/chinas-firms-must-integrate-succeed-abroad-executives-say-summer-davos?utm_source=rss_feed Wed, 25 Jun 2025 22:00:08 +0000 Reuters Reuters Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed, far above the 2024 average of 50 per cent and a clear sign of Apple’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to countries including the Netherlands, the Czech... https://www.scmp.com/tech/tech-war/article/3314256/nearly-all-foxconn-india-iphones-shipping-us-apple-looks-bypass-china-tariffs?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3314256/nearly-all-foxconn-india-iphones-shipping-us-apple-looks-bypass-china-tariffs?utm_source=rss_feed Fri, 13 Jun 2025 04:09:29 +0000 DigiTimes DigiTimes Taiwan’s Foxconn Technology Group expects robust growth over the next three years in its artificial intelligence (AI), information technology and electric vehicle (EV) businesses, as the world’s largest contract electronics manufacturer expands partnerships with Japanese carmakers ahead of potential governance changes. At the company’s annual shareholder meeting on Thursday, chairman Young Liu outlined the three pillars driving expansion for the Apple supplier, which assembles most of the... https://www.scmp.com/tech/big-tech/article/3312385/foxconn-chairman-expects-robust-revenue-growth-ai-evs-despite-us-tariff-uncertainty?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3312385/foxconn-chairman-expects-robust-revenue-growth-ai-evs-despite-us-tariff-uncertainty?utm_source=rss_feed Fri, 30 May 2025 03:45:09 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma US President Donald Trump renewed his demand that Apple shift iPhone production to American shores from China and India or face additional tariffs. Trump on Friday said he may level a 25 per cent tariff on Apple iPhones made outside the United States, a move that could undermine a fragile 90-day truce agreed by US and Chinese trade negotiators in Geneva earlier this month. The president later suggested that smartphone levies could apply to Samsung as well, but he is clearly singling out Apple.... https://www.scmp.com/plus/article/3311796/china-can-shrug-trumps-bid-us-made-iphones?utm_source=rss_feed https://www.scmp.com/plus/article/3311796/china-can-shrug-trumps-bid-us-made-iphones?utm_source=rss_feed Mon, 26 May 2025 09:00:32 +0000 Amy Sood Amy Sood India has emerged as the top stock market pick in Asia by wealth fund managers, who view the country as a potential beneficiary of global supply chain shifts driven by US-China trade tensions, despite its unresolved trade talks with Washington and ongoing frictions with Pakistan. About 42 per cent of fund managers have an overweight position on Indian equities, ahead of Japan at 39 per cent and China at just 6 per cent, according to a survey released by Bank of America Securities on May 13. The... https://www.scmp.com/week-asia/economics/article/3311114/indias-stock-market-rated-above-japan-and-china-more-fund-managers-survey?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3311114/indias-stock-market-rated-above-japan-and-china-more-fund-managers-survey?utm_source=rss_feed Tue, 20 May 2025 13:00:33 +0000 Bloomberg Bloomberg Hon Hai Precision Industry, the main contract manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit, as production shifts away from China. The Taiwan-based company, known internationally as Foxconn Technology Group, said in an exchange filing on Monday that it had made the investment through its Singaporean subsidiary. Hon Hai, which is building new plants and adding production capacity in southern India, did not immediately respond to an emailed request for... https://www.scmp.com/tech/big-tech/article/3310995/foxconn-pumps-us15-billion-india-unit-apple-moves-iphone-production-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3310995/foxconn-pumps-us15-billion-india-unit-apple-moves-iphone-production-china?utm_source=rss_feed Tue, 20 May 2025 02:04:52 +0000 Ralph Jennings Ralph Jennings Nvidia, the world’s leading supplier of artificial intelligence (AI) chips, intends to acquire a larger office in Taiwan and collaborate with local technology firms to develop a “supercomputer”, CEO Jensen Huang said on Monday ahead of a trade show in Taipei. The US semiconductor giant, which reported US$130.5 billion in revenue in its most recent financial year, has secured a lease for a property in northern Taipei to open an office that Huang called “Nvidia Constellation”. Nvidia’s Taiwan... https://www.scmp.com/tech/big-tech/article/3310917/nvidia-plans-larger-taiwan-office-and-local-supercomputer-collaboration-ceo-huang-says?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3310917/nvidia-plans-larger-taiwan-office-and-local-supercomputer-collaboration-ceo-huang-says?utm_source=rss_feed Mon, 19 May 2025 10:00:14 +0000 Ann Cao Ann Cao China’s production of industrial robots surged by more than 50 per cent in April compared with a year earlier, according to official data, highlighting the growing demand driven by a national frenzy for robotics. The national output of industrial robots jumped 51.5 per cent year on year to 71,547 units last month, according to the latest data released by the National Bureau of Statistics on Monday. The growth outpaced the 16.7 per cent increase seen in March and the 27 per cent growth recorded... https://www.scmp.com/tech/tech-trends/article/3310908/chinas-industrial-robot-output-soars-start-ups-unitree-and-ubtech-take-lead?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3310908/chinas-industrial-robot-output-soars-start-ups-unitree-and-ubtech-take-lead?utm_source=rss_feed Mon, 19 May 2025 09:00:30 +0000 Bloomberg Bloomberg US President Donald Trump said on Thursday he had asked Apple’s Tim Cook to stop building plants in India, taking aim at the iPhone maker’s plans to diversify its manufacturing beyond China. “I had a little problem with Tim Cook yesterday,” Trump said of his conversation with the Apple chief executive officer in Qatar, where he is on a state visit. “He is building all over India. I don’t want you building in India.” As a result of their discussion, Trump said Apple would be “upping their... https://www.scmp.com/tech/big-tech/article/3310475/trump-wants-apple-stop-india-iphone-production-boost-us-manufacturing-amid-tariff-war?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3310475/trump-wants-apple-stop-india-iphone-production-boost-us-manufacturing-amid-tariff-war?utm_source=rss_feed Thu, 15 May 2025 09:05:37 +0000 Reuters Reuters Smartphone shipments to the US surged 30 per cent in March as manufacturers Apple, Samsung Electronics and Motorola rushed to bring more devices into the country in anticipation of steep import tariffs, Counterpoint Research said on Wednesday. Apple alone airlifted a record US$2 billion worth of iPhones from India in March, leveraging Indian suppliers Foxconn and Tata Electronics, to meet the demand surge, Reuters reported last month. The surge in shipments reflects companies’ efforts to... https://www.scmp.com/tech/big-tech/article/3310391/us-smartphone-shipments-jumped-30-march-tariff-anticipation-analysts-say?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3310391/us-smartphone-shipments-jumped-30-march-tariff-anticipation-analysts-say?utm_source=rss_feed Thu, 15 May 2025 02:12:12 +0000 Reuters Reuters Taiwan’s Foxconn, the world’s largest contract electronics maker, posted a 91 per cent leap in first-quarter profit and beat the market forecast on strong demand for artificial intelligence (AI) servers, but gave a more conservative full-year outlook. Net profit for January-March for Apple’s top iPhone assembler and Nvidia’s server maker came in at T$42.12 billion (US$1.39 billion), versus the T$37.8 billion average of 13 analyst estimates compiled by LSEG. Foxconn, formally Hon Hai Precision... https://www.scmp.com/tech/big-tech/article/3310291/foxconn-profit-surges-amid-ai-boom-trade-tensions-cloud-outlook?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3310291/foxconn-profit-surges-amid-ai-boom-trade-tensions-cloud-outlook?utm_source=rss_feed Wed, 14 May 2025 08:06:23 +0000 Bloomberg Bloomberg Nissan has vowed to close seven factories and slash 20,000 jobs after posting its biggest annual loss since French carmaker Renault rescued it from near bankruptcy a quarter century ago. The Japanese carmaker decided against issuing an operating profit forecast for the financial year ending March 2026, and reported a net loss of 670.9 billion yen (US$4.5 billion) for the year that ended in March. “The reality is clear,” Nissan’s newly minted Chief Executive Officer Ivan Espinosa said on Tuesday... https://www.scmp.com/news/asia/east-asia/article/3310260/japans-nissan-axe-20000-jobs-shut-factories-after-huge-loss?utm_source=rss_feed https://www.scmp.com/news/asia/east-asia/article/3310260/japans-nissan-axe-20000-jobs-shut-factories-after-huge-loss?utm_source=rss_feed Wed, 14 May 2025 04:20:48 +0000 Robert Delaney Robert Delaney Many Americans who came of age in the 1980s will remember when Honda Accords and Toyota Camrys became the preferred family vehicles, quietly replacing US models. When quality, reliability and price were factored in, patriotism was the only remaining reason to keep an American-made car on the driveway. Two high-school friends and I each got well-worn hand-me-down cars when we started commuting to college. Dave got a Ford Fairmont estate car, which he called “the hearse”. Gary got a Buick Skylark... https://www.scmp.com/opinion/world-opinion/article/3309961/how-trumps-erratic-tariffs-could-crash-his-us-car-production-goals?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3309961/how-trumps-erratic-tariffs-could-crash-his-us-car-production-goals?utm_source=rss_feed Mon, 12 May 2025 12:30:08 +0000 DigiTimes DigiTimes Taiwanese electronics maker Inventec announced on April 28 that its board of directors had approved an investment plan of up to US$85 million to establish a manufacturing facility in Texas. The latest move by a major original design manufacturer (ODM) to expand US operations follows similar commitments by fellow Taiwan-based firms Foxconn, Wistron, and Wiwynn. The move to establish a server assembly plant aimed to strengthen client relationships and mitigate risks associated with US trade and... https://www.scmp.com/business/companies/article/3309246/inventec-joins-wave-taiwan-electronics-firms-expanding-us?utm_source=rss_feed https://www.scmp.com/business/companies/article/3309246/inventec-joins-wave-taiwan-electronics-firms-expanding-us?utm_source=rss_feed Tue, 06 May 2025 08:13:54 +0000 Ben Jiang Ben Jiang Apple supplier Foxconn Technology Group has resumed recruitment at the world’s largest iPhone factory, located in the central Chinese city of Zhengzhou, following a brief suspension after US President Donald Trump imposed new tariffs on Chinese goods earlier this month. Several jobseekers and a company manager at the Zhengzhou facility, who spoke on condition of anonymity, confirmed to the South China Morning Post on Monday that hiring activity resumed this week after an unusual pause last week.... https://www.scmp.com/tech/big-tech/article/3306471/chinas-largest-iphone-factory-resumes-hiring-after-trump-spares-electronics-tariffs?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3306471/chinas-largest-iphone-factory-resumes-hiring-after-trump-spares-electronics-tariffs?utm_source=rss_feed Mon, 14 Apr 2025 13:00:08 +0000 Bloomberg Bloomberg Foxconn Technology Group's quarterly earnings missed estimates as weak iPhone sales in China weighed and it invested more on artificial intelligence (AI) server production. The Taiwanese electronics contract manufacturer, a major assembler of Nvidia servers and Apple's main iPhone supplier, reported a 13 per cent fall in net income to NT$46.3 billion (US$1.4 billion). That compared with analysts’ estimates for a 2.3 per cent gain to NT$54.4 billion. Foxconn's server manufacturing arm has... https://www.scmp.com/tech/big-tech/article/3302378/foxconns-profits-drop-iphone-sales-falter-ai-boom-offers-hope?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3302378/foxconns-profits-drop-iphone-sales-falter-ai-boom-offers-hope?utm_source=rss_feed Fri, 14 Mar 2025 07:48:49 +0000 Coco Feng Coco Feng Foxconn Technology Group has begun construction of a global headquarters for its New Business Development Group, as the Apple contract manufacturer expands into the production of electric vehicles (EVs), batteries, semiconductors and robots. The facility in Zhengzhou, the capital of central Henan province where Foxconn runs the world’s largest iPhone factory, on Thursday hosted a groundbreaking ceremony attended by chairman and CEO Liu Young-way and provincial governor Wang Kai, according to a... https://www.scmp.com/tech/big-tech/article/3300553/foxconn-breaks-ground-new-headquarters-zhengzhou-it-expands-evs-and-more?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3300553/foxconn-breaks-ground-new-headquarters-zhengzhou-it-expands-evs-and-more?utm_source=rss_feed Fri, 28 Feb 2025 10:00:28 +0000 Yukang, a cluster of housing complexes, restaurants and supermarkets on the outskirts of the central Chinese city of Zhengzhou, used to be a bustling hub for China’s migrant workforce. Its streets were thronged with labour dispatch agents hiring for the nearby super factory run by Foxconn Technologies, which assembles most of the world’s iPhone handsets for American tech giant Apple. But the neighbourhood was eerily quiet in the days running up to the Lunar New Year in late January. There were... https://www.scmp.com/economy/china-economy/article/3298387/theyre-hiring-less-chinas-iphone-city-falls-quiet-market-rivalry-intensifies?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3298387/theyre-hiring-less-chinas-iphone-city-falls-quiet-market-rivalry-intensifies?utm_source=rss_feed Thu, 13 Feb 2025 01:00:16 +0000 DigiTimes DigiTimes Nvidia CEO Jensen Huang wrapped up a fast-paced 55-hour visit to Taiwan, which included engagements with top industry leaders and visits to key manufacturing sites, underscoring the island’s role in the global artificial intelligence (AI) and semiconductor industries. On Sunday, Huang hosted a high-profile lunch in Taipei, attended by 36 top executives from Taiwan’s leading technology companies. This rare gathering included Foxconn Technology Group chairman Liu Young-way, Foxconn industrial... https://www.scmp.com/tech/tech-war/article/3295575/nvidia-ceos-whirlwind-taiwan-tour-lunar-new-year-banquets-night-market-visits?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3295575/nvidia-ceos-whirlwind-taiwan-tour-lunar-new-year-banquets-night-market-visits?utm_source=rss_feed Tue, 21 Jan 2025 02:54:52 +0000 Iris Deng,Xinmei Shen Iris Deng,Xinmei Shen Shenzhen-based UBTech Robotics, China’s largest maker of humanoid robots, will deploy its robots in Apple supplier Foxconn’s factories to help with “complicated and delicate production”, according to a senior executive. The company is training its robots to handle different tasks required for modern-day manufacturing, chief brand officer Michael Tam said on the sidelines of the China conference in Nansha organised by the South China Morning Post. “For car manufacturing, there [are] thousands of... https://www.scmp.com/tech/big-tech/article/3294903/chinese-robotics-maker-ubtech-aims-revolutionise-apple-supplier-foxconns-manufacturing?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3294903/chinese-robotics-maker-ubtech-aims-revolutionise-apple-supplier-foxconns-manufacturing?utm_source=rss_feed Wed, 15 Jan 2025 13:00:20 +0000 Coco Feng Coco Feng Major Apple supplier Foxconn Technology Group is injecting 600 million yuan (US$82 million) into a new electric-vehicle (EV) battery plant in Zhengzhou, capital of central Chinese province Henan, where it runs the world’s largest iPhone factory. The company, formally known as Hon Hai Precision Industry, on Monday announced its “long-term investment” in Foxconn New Energy Battery (Zhengzhou), which was established in October, according to a filing to the Taiwan Stock Exchange. The initial capital... https://www.scmp.com/tech/big-tech/article/3292148/foxconn-invests-ev-battery-plant-china-diversify-business-beyond-apples-iphones?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3292148/foxconn-invests-ev-battery-plant-china-diversify-business-beyond-apples-iphones?utm_source=rss_feed Tue, 24 Dec 2024 08:30:15 +0000 DigiTimes DigiTimes Foxconn Technology, in collaboration with Nvidia, is leveraging digital twin technology to revolutionise manufacturing and supply chain management. The initiative uses Nvidia’s Omniverse to streamline global factory operations, enhance resilience, and ensure consistent quality. According to a press release on Monday, Foxconn announced a collaboration with Nvidia to develop digital twins aimed at transforming manufacturing processes and supply chain management. The partnership is expected to... https://www.scmp.com/tech/big-tech/article/3287179/iphone-maker-foxconn-partners-nvidia-ai-driven-factories?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3287179/iphone-maker-foxconn-partners-nvidia-ai-driven-factories?utm_source=rss_feed Tue, 19 Nov 2024 06:00:58 +0000 Bloomberg Bloomberg Chinese police have taken into custody four Taiwanese employees at Hon Hai Precision Industry, Apple’s main assembly partner, the latest in a spate of detentions that have rattled investor confidence in the country. Police in the central mainland Chinese city of Zhengzhou detained the quartet on charges of breach of trust, according to a statement from Taiwan’s Mainland Affairs Council on Wednesday. Zhengzhou is where Hon Hai, the flagship company of Foxconn Technology Group, operates the... https://www.scmp.com/tech/policy/article/3281949/mainland-china-detains-four-taiwanese-employees-apples-iphone-city?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3281949/mainland-china-detains-four-taiwanese-employees-apples-iphone-city?utm_source=rss_feed Fri, 11 Oct 2024 02:08:49 +0000 Reuters Reuters Foxconn Technology Group is building in Mexico the world’s largest manufacturing facility for bundling Nvidia’s GB200 superchips, a key component of the US firm’s next-generation Blackwell platform, senior executives at the Taiwanese company said on Tuesday. Foxconn, the world’s largest contract electronics manufacturer and Apple’s biggest iPhone assembler, has been benefiting from the artificial intelligence (AI) boom, as it assembles servers used to process AI systems. “We’re building the... https://www.scmp.com/tech/big-tech/article/3281550/foxconn-builds-worlds-largest-nvidia-superchip-production-facility-mexico-amid-ai-boom?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3281550/foxconn-builds-worlds-largest-nvidia-superchip-production-facility-mexico-amid-ai-boom?utm_source=rss_feed Tue, 08 Oct 2024 09:22:15 +0000 Bloomberg Bloomberg Hon Hai Precision Industry said that it will take years to build up its nascent automotive arm as electric vehicle (EV) sales slow globally, while its business of making and selling artificial intelligence (AI) servers with Nvidia chips has been booming and growing fast. The world’s biggest iPhone assembler is proceeding cautiously with its EV push as it sees a highly uncertain business environment where “a fast move may be dangerous”, the head of its EV business Jun Seki said in an interview... https://www.scmp.com/tech/big-tech/article/3281471/iphone-maker-foxconn-says-ev-business-will-need-years-ramp?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3281471/iphone-maker-foxconn-says-ev-business-will-need-years-ramp?utm_source=rss_feed Tue, 08 Oct 2024 03:15:13 +0000 Zhou Xin Zhou Xin While it is hard to describe Huawei Technologies as “thriving” under US sanctions, it can be said with confidence that the Shenzhen-based smartphone and telecommunications equipment giant has survived Washington’s trade restrictions. According to privately held Huawei’s latest financial data, the company’s revenue in the first half of 2024 was about similar to its revenue in the same period in 2019 before the trade sanctions started affecting its operations. The United States government added... https://www.scmp.com/opinion/china-opinion/article/3279605/huawei-shows-chinas-supply-chain-resilience-amid-trade-sanctions-tech-decoupling-fears?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3279605/huawei-shows-chinas-supply-chain-resilience-amid-trade-sanctions-tech-decoupling-fears?utm_source=rss_feed Mon, 23 Sep 2024 23:00:07 +0000 Apple’s decision to produce its newly launched iPhone 16 series in India marks a significant shift in the tech giant’s strategy as it looks to diversify its supply chains amid geopolitical challenges, analysts say. Historically, the California-based company has relied on China to manufacture and produce all of its high-end smartphone models, while Indian suppliers primarily handled low-end and older versions of the iPhone. However, new reports indicate that Apple is mass-producing its latest... https://www.scmp.com/week-asia/economics/article/3278143/apple-starts-iphone-16-production-india-diversifying-supply-chain-away-china?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3278143/apple-starts-iphone-16-production-india-diversifying-supply-chain-away-china?utm_source=rss_feed Thu, 12 Sep 2024 04:00:21 +0000 Bloomberg Bloomberg Apple has sent out invitations for a product launch event at its headquarters on September 9, when it is set to announce details of the iPhone 16 and other new devices. The presentation will be held at the Steve Jobs Theatre at Apple Park in Cupertino, California, the company said on Monday. The theme of the event – “It’s Glowtime” – is a reference to the interface used by the new Siri digital assistant on the company’s latest devices. Apple had previously been preparing to hold the launch on... https://www.scmp.com/tech/big-tech/article/3276035/apple-hold-its-glowtime-iphone-16-launch-event-september-9?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3276035/apple-hold-its-glowtime-iphone-16-launch-event-september-9?utm_source=rss_feed Tue, 27 Aug 2024 02:26:17 +0000 Coco Feng Coco Feng The world’s largest iPhone factory, in the central Chinese city of Zhengzhou, is offering higher bonuses to attract workers needed for its busy season ahead of the launch of new models from Apple, but it is “not what it used to be”, according to workers and labour agents at the site. The Foxconn Technology Group compound in Zhengzhou, capital of central Henan province, is closely watched as a gauge of whether China can maintain its role in the global supply chain. A recent visit to the site... https://www.scmp.com/tech/big-tech/article/3275198/worlds-largest-iphone-factory-loses-momentum-amid-supply-chain-diversification-away-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3275198/worlds-largest-iphone-factory-loses-momentum-amid-supply-chain-diversification-away-china?utm_source=rss_feed Wed, 21 Aug 2024 01:00:14 +0000 When the news broke that China’s Henan province had managed to lock down a billion-yuan deal with Foxconn – famously known as Apple’s manufacturer in China – a veritable frenzy of excitement swept through the media and revved up market watchers desperate for any sign of economic momentum. But just over three weeks since the announcement spurred boastings that “Foxconn is back”, state media has stepped in with a message of prudence, looking to temper expectations while still emphasising China’s... https://www.scmp.com/economy/economic-indicators/article/3274803/china-elation-billion-yuan-foxconn-deal-prompts-state-media-warning-dont-be-smug?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3274803/china-elation-billion-yuan-foxconn-deal-prompts-state-media-warning-dont-be-smug?utm_source=rss_feed Sat, 17 Aug 2024 02:00:20 +0000 Apple’s main contract manufacturing partner, Foxconn Technology Group, said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted by demand for servers powering artificial intelligence (AI) applications. The Taiwan-based company, formally known as Hon Hai Precision Industry, said on Wednesday that net income in the June quarter was NT$35 billion (US$1.1 billion), largely in line with analysts’ expectations. Revenue for the period,... https://www.scmp.com/tech/big-tech/article/3274451/apple-supplier-foxconn-sees-revenue-rising-ai-server-demand-nudges-profit?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3274451/apple-supplier-foxconn-sees-revenue-rising-ai-server-demand-nudges-profit?utm_source=rss_feed Wed, 14 Aug 2024 08:33:44 +0000 Che Pan Che Pan Foxconn is hiring more shift workers with higher wages at the world’s largest iPhone factory in the Henan provincial capital of Zhengzhou, ahead of the September launch of the 16th edition of Apple’s iconic smartphone. The assembler, also known as Hon Hai Precision Industry, recruited more than 50,000 workers in Zhengzhou over the past two weeks, according to Chinese media reports. The hourly wage at the factory has risen to 26 yuan (US$3.63) in August from 25 yuan in July, while a bonus of up... https://www.scmp.com/business/companies/article/3274068/foxconn-adds-50000-workers-zhengzhou-plant-it-prepares-apples-iphone-16-launch?utm_source=rss_feed https://www.scmp.com/business/companies/article/3274068/foxconn-adds-50000-workers-zhengzhou-plant-it-prepares-apples-iphone-16-launch?utm_source=rss_feed Sun, 11 Aug 2024 09:45:10 +0000