Hon Hai Precision Industry Co., Ltd. (trading as Foxconn) is the world's biggest maker of electronic components. Primarily an original equipment manufacturer, its clients include major some of the world’s best known electronics and information technology companies, and products manufactured at its plants include iPads, iPhones, iPods for Apple, Kindles for Amazon, PlayStations for Sony and Xboxes for Microsoft. Foxconn has been involved in several controversies, largely over employee relations in China after a series of suicides and accidents. In 2012, Apple hired the Fair Labor Association to conduct an audit of working conditions at Foxconn.
New Delhi will provide subsidies under a scheme to boost domestic manufacturing and strengthen the South Asian country’s bid to become a major hub in the global electronics supply chain.
Foxconn-made LEO satellites took off aboard a SpaceX rocket from southern California on Saturday in a bet on corporate and government use.
Chinese authorities are conducting tax audits and reviewing land use by Taiwan’s Foxconn Technology Group on the mainland, state media reported over the weekend.
Chinese authorities are inspecting Foxconn’s facilities in southern Guangdong province and Jiangsu in the east, as well as carrying out on-site investigations into the company’s land use in central Hunan and Hubei provinces.
Foxconn and Nvidia plan to build ‘AI factories’ globally, creating a new type of manufacturing anchored on artificial intelligence.
Foxconn, which makes smartphones for Huawei and Apple, is currently offering a higher hourly rate to workers at its FIH unit in Shenzhen that assembles handsets for the Chinese tech giant than what it pays at its iPhone unit.
It reflects a significant departure from Apple’s previous strategy of selling mostly Chinese-made new devices, as the company adjusts its supply chain.
Some 32 companies have applied for the laptop production incentives, which India hopes will replicate the success of smartphone incentives from 2020.
Apple’s next-generation iPhone 15 is beginning production in Tamil Nadu, in an effort to further narrow the gap between its India operations and main manufacturing base in China.
The Taiwanese company, formally known as Hon Hai Precision Industry, reported on Monday a drop in net profit to US$1 billion after posting a revenue decline.
The reported deal with Apple would represent another high-profile order for Shanghai -listed Foxconn Industrial Internet, which also supplies servers to Amazon Web Services, ChatGPT creator OpenAI and chip maker Nvidia.
The plants, one of which is expected to produce Apple parts including for iPhones, comes as Foxconn seeks to diversify manufacturing away from China.
A Foxconn subsidiary is in talks with India’s Tamil Nadu state to invest up to US$200 million to build a new plant for electronic components in the southern region, two sources with direct knowledge said.
Decision by electronic components giant a setback in New Delhi’s quest to become a global chip hub amid US-China tech war, analysts say.
Apple has reportedly slashed initial production target for the headset due to complex design issues, raising questions for suppliers Luxshare Precision and Bozhon Precision.
The hiring spree at Foxconn comes amid promising signs that China will remain a key manufacturing base for Apple, which has been diversifying its supply chain.
The start-up EV firm filed for Chapter 11 bankruptcy after a deal with Foxconn started to unravel in January as costs exceeded the target price for a new pickup.
Huawei, Alibaba and JD.com lead in smart manufacturing, business-to-business transaction platforms, and customised operations management, respectively.
Arizona’s strength in semiconductors helped it court TSMC, but the deal could not have happened without federal spending resulting from resurgent industrial policy.
The world’s largest iPhone factory is hiring for iPhone 15 production in China, but there are signs the country’s dominance in the Apple supply chain continues to face competition from Southeast Asia.
The higher worker pay and bonus packages offered by Foxconn underscores the Taiwanese contract manufacturer’s commitment to continue assembling iPhones in the central city of Zhengzhou.
Tata, the largest conglomerate in India, is set to become the fourth iPhone supplier amid Apple’s efforts to diversify its manufacturing supply chain, according to research firm TrendForce.
In a visit to the Chinese city of Chengdu, the head of iPhone manufacturer Foxconn reassured workers and officials that it was committed to local production amid talk that factories will move overseas.
The iPhone 15 due out later this year will still be made in China by Foxconn, but Apple’s main assembler will have to share the work with other suppliers, says a Taiwan news report.
Apple’s biggest contract manufacturer reaffirms its commitment to central China’s Henan province amid increasing moves by the iPhone maker to diversify its supply chain.
Wednesday’s dramatic sell-off of Foxconn Industrial Internet, the Shanghai-listed unit of iPhone assembler Hon Hai Precision, may be a sign that the frenzy for artificial intelligence (AI) shares is on its last legs.
Apple’s retail expansion in India reflects its growing confidence in the country as a major sales market and alternative manufacturing hub to China.
Foxconn was offering workers in China’s southern tech hub 19 to 20 yuan per hour this week, down from as much as 26 yuan last year, as Apple diversifies production away from China.