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☆ Is the iPhone's 'Made in India' era beginning as Apple breaks with China?
▼ + stars: | 2023-02-10 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

Minister of Commerce and Industry Piyush Goyal said Apple was already making between 5% and 7% of its products in India. His comments come at a time when Foxconn (HNHPF), a top Apple supplier, is looking to expand its operations in India after suffering severe supply disruptions in China. For years, Apple had relied on a vast manufacturing network in China to mass produce iPhones, iPads and other popular products. China headaches mountBut the world’s most valuable company posted shockingly weak earnings this month, partly because of its recent problems in China. According to Counterpoint’s Pathak, India accounts for 16% of the global smartphone production, while China constitutes 70%.

☆ Nvidia, Foxconn Partner on Electric Vehicles
▼ + stars: | 2023-01-03 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Nvidia Corp. is now increasingly betting on software and chips that underpin sophisticated driver-assistance systems. Graphics chip maker Nvidia Corp. is partnering with electronics-component maker Foxconn Technology Group on electric vehicles, as both tech companies continue to push into the booming market. The two companies on Tuesday announced the partnership, where Foxconn, a contract manufacturer best known for its work on Apple Inc. products, would produce electronic control units based on Nvidia’s Drive Orin system-on-a-chip, the central computer for intelligent vehicles.

☆ Apple iPhone Output in China Begins to Catch Up Despite Covid-19 Issues
▼ + stars: | 2022-12-29 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

Covid-19 issues in China are still hampering manufacturing of Apple Inc.’s iPhone, but production is beginning to catch up to demand for the more-expensive Pro models, according to analysts and people involved in the supply chain. Models such as the iPhone 14 Pro Max, which starts at about $1,100, are integral to Apple’s strategy of increasing revenue when growth in the overall global smartphone market is slowing. That strategy took a hit in October when Covid-19 outbreaks hit the main manufacturing base for iPhone Pro models, operated by Foxconn Technology Group in the central Chinese city of Zhengzhou.

☆ Apple’s iPhone Output in China Begins to Catch Up Despite Covid-19 Outbreaks
▼ + stars: | 2022-12-29 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

☆ Apple Production in China Begins to Catch Up Despite Covid-19 Woes
▼ + stars: | 2022-12-29 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

A letter from the founder of the world’s largest iPhone assembler played a major role in persuading China’s Communist Party leadership to accelerate plans to dismantle the country’s zero-tolerance Covid-19 policies, according to people familiar with the matter. In the letter to Chinese leaders, Foxconn Technology Group founder Terry Gou warned that strict Covid controls would threaten China’s central position in global supply chains and demanded more transparency into restrictions on the company’s workers, the people said. Mr. Gou sent the letter a little more than a month ago as Foxconn’s factory in the city of Zhengzhou was rocked by turmoil over Covid restrictions.

China has begun to ease some of its Covid restrictions after following a strict containment policy. A letter from the founder of the world’s largest iPhone assembler played a major role in persuading China’s Communist Party leadership to accelerate plans to dismantle the country’s zero-tolerance Covid-19 policies, according to people familiar with the matter. In the letter to Chinese leaders, Foxconn Technology Group founder Terry Gou warned that strict Covid controls would threaten China’s central position in global supply chains and demanded more transparency into restrictions on the company’s workers, the people said. Mr. Gou sent the letter a little more than a month ago as Foxconn’s factory in the city of Zhengzhou was rocked by turmoil over Covid restrictions.

☆ Foxconn’s November Revenue Fell 11% After Covid Outbreak at iPhone Factory
▼ + stars: | 2022-12-05 | by ( Kosaku Narioka | ) www.wsj.com time to read: 1 min

Foxconn said in its monthly revenue report that the Covid situation is under control and it is moving toward restoring normal production capacity. Foxconn Technology Group ‘s November revenue dropped 11% from a year earlier after shipments from Zhengzhou, China, the world’s biggest iPhone assembly site, were affected by a Covid-19 outbreak, the company said Monday. Foxconn’s November revenue fell to 551.1 billion new Taiwan dollars, equivalent to $18 billion, from NT$621.7 billion a year earlier, the company said.

☆ Apple Makes Plans to Move Production Out of China
▼ + stars: | 2022-12-03 | by ( Yang Jie | Aaron Tilley | ) www.wsj.com time to read: 1 min

In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by Foxconn Technology Group. Turmoil at a place called iPhone City helped propel Apple’s shift. At the giant city-within-a-city in Zhengzhou, China, as many as 300,000 workers work at a factory run by Foxconn to make iPhones and other Apple products. At one point, it alone made about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research.

☆ Apple iPhone Factory in China Offers $1,400 Payments to Quell Worker Unrest
▼ + stars: | 2022-11-25 | by ( Selina Cheng | Yang Jie | ) www.wsj.com time to read: 1 min

HONG KONG— Apple Inc. said it was working to resolve worker complaints at the world’s biggest iPhone factory in China, after police were filmed beating protesting employees at the plant this week and employees began an exodus Thursday. Labor groups have criticized Apple for failing to adequately protect the rights of workers at the vast Zhengzhou site, operated by Foxconn Technology Group and where most of the world’s iPhone 14 models are made. Workers clashed with police Tuesday, angry over delayed bonus payments and conditions at the plant, which has been battling an outbreak of Covid-19 for more than a month.

☆ Apple to Address Worker Complaints After Unrest at China iPhone Factory
▼ + stars: | 2022-11-24 | by ( Selina Cheng | Yang Jie | ) www.wsj.com time to read: 1 min

☆ Violent protests take place near an iPhone factory in China
▼ + stars: | 2022-11-23 | by ( Kriti Gandhi | ) www.nbcnews.com time to read: +2 min

Violent protests have broken out in Zhengzhou, China, following contract disputes at the world’s biggest Apple iPhone factory, according to videos posted on social media and verified by NBC News. The footage was taken near the Foxconn factory, in the streets of the Zhengzhou Airport Economy Zone, where large groups of people blocked roads during their protest. A worker disinfects the Foxconn factory in Zhengzhou, China on Nov. 6. The protests come after Apple warned earlier this month that it had temporarily reduced iPhone 14 production at this factory because of Covid restrictions. The Foxconn factory has accommodation for over 350,000 people, but it is unclear how many employees are left working at the factory.

☆ iPhone Factory Workers Clash With Police at Covid-Hit Plant in China
▼ + stars: | 2022-11-23 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

Foxconn has been offering bonuses to workers recruited in November to fill vacancies. HONG KONG—Workers at the world’s biggest iPhone assembly plant in China clashed with scores of police officers after protests erupted at the factory, which has been under Covid-19 lockdowns in recent weeks. Videos circulating among workers’ online chat groups on Tuesday showed chaotic scenes at the factory in Zhengzhou where Foxconn Technology Group assembles most of the world’s latest iPhone models. Police officers in Covid-protective suits holding long shields and wielding batons faced off with workers who threw plastic water bottles and pieces of metal from dismantled barriers, the videos showed.

☆ If DeSantis doesn't get his 2024 decision timing right, he risks peaking too soon like Scott Walker or wasting his big moment like Chris Christie
▼ + stars: | 2022-11-23 | by ( Kimberly Leonard | Brent D. Griffiths | ) www.businessinsider.com time to read: +11 min

But as he faces a decision over whether to run for president in 2024, DeSantis shares far more similarities with two other ex-GOP frontrunners: Former Govs. Like DeSantis, Walker and Christie once seemed like inevitable frontrunners for the White House. Walker seized the moment, while Christie let his moment pass. "That's a huge difference in my opinion in terms of that moment," DuHaime said. "There was a moment for Christie in 2012 and there is a moment for Ron DeSantis in 2024.

☆ Foxconn Hires Chip Veteran in Diversification Drive
▼ + stars: | 2022-11-22 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

TOKYO—Taiwanese contract manufacturer Foxconn Technology Group hired Chiang Shang-yi, a veteran with decades of experience at some of the world’s biggest chip makers, to drive further expansion into semiconductors and bolster its supply chain. Best known as the world’s biggest assembler of iPhones, Foxconn is seeking new engines of growth from manufacturing chips and sectors that rely on them, such as electric vehicles.

☆ Foxconn Says Aims to Swiftly Recover iPhone Production Levels at Covid-Hit Site
▼ + stars: | 2022-11-10 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

Foxconn Technology Group is aiming to quickly bring production levels back to normal at its iPhone assembly site in China hit by a Covid outbreak and worker shortages, its chief executive said Thursday. Foxconn is still operating its main iPhone plant in Zhengzhou under a closed-loop system, which means largely keeping the site shut off from the outside world and allowing workers to only move between their lodging and the production lines, the company said. Foxconn didn’t say when it plans to end such operations.

☆ Foxconn Effort to Ease Workers’ Fears of Covid Led to Tighter Lockdown
▼ + stars: | 2022-11-07 | by ( Wenxin Fan | Selina Cheng | ) www.wsj.com time to read: 1 min

HONG KONG—When a small group of workers spent 27 hours in early October locked inside the world’s biggest iPhone plant, it seemed little more than another temporary confinement in China’s continuing war against Covid-19. But the outbreak persisted, and on Monday, days after saying operations were stabilizing, Foxconn Technology Group cut its outlook for the current quarter. The company said it was locking down eight of the 11 dormitory blocks at the plant in the central Chinese city of Zhengzhou as part of a government-directed plan to end the outbreak.

☆ Foxconn Plans to Invest $170 Million in EV Truck Maker Lordstown Motors
▼ + stars: | 2022-11-07 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Foxconn Technology Group, the world’s biggest contract manufacturer for electronics, is deepening its investment in Lordstown Motors Corp., a once-troubled EV startup that recently began building its first all-electric pickup truck at a former General Motors Co. plant in Ohio. The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy both common stock and newly created preferred shares, providing Lordstown Motors with a fresh injection of capital as it works to increase production of its debut model, the Endurance.

☆ Saudi Arabia to Build Electric Vehicles With Apple Supplier Foxconn
▼ + stars: | 2022-11-03 | by ( Rory Jones | ) www.wsj.com time to read: 1 min

The fund has already invested in the Lucid Group, an electric-vehicle maker with plans to set up a factory in the kingdom. Saudi Arabia’s sovereign-wealth fund is partnering with the biggest assembler of Apple Inc. iPhones to manufactur electric vehicles, part of an effort to create an industrial sector that Crown Prince Mohammed bin Salman hopes can diversify his economy away from oil. The Public Investment Fund said Thursday it entered a joint venture with Taiwan-based Foxconn Technology Group to establish an electric-vehicle brand, called Ceer, that will license component technology from BMW to build cars. Foxconn, formally known as Hon Hai Precision Industry Co., will develop electronics in the vehicles with “infotainment, connectivity and autonomous driving technologies,” the Saudi fund said in a joint statement with Taiwanese firm.

☆ Fisker confirms production of the Ocean SUV will start later this month, now has over 62,000 reservations
▼ + stars: | 2022-11-02 | by ( John Rosevear | ) www.cnbc.com time to read: +1 min

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Electric vehicle startup Fisker said Wednesday it is on track to begin production of its first model, the Ocean SUV, later this month as planned — and that it now has more than 62,000 reservations for the vehicle, up from over 56,000 as of early August. CEO Henrik Fisker told CNBC the company plans to manufacture 42,400 Oceans by the end of next year. The majority of those vehicles will be built in the second half of 2023, Fisker said. Fisker said that work on its second model, a low-cost EV called the Pear, is progressing ahead of schedule.

☆ Foxconn to Shift Some iPhone Production From Covid-Hit Plant to Other Sites
▼ + stars: | 2022-10-31 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

TOKYO— Foxconn Technology Group is planning to shift some production from its Covid-struck iPhone factory in central China to other sites in the country, people familiar with the matter said, as many workers frightened by the outbreak have left the factory. Foxconn has been struggling to contain a Covid-19 outbreak in its Zhengzhou facility, the world’s biggest assembly site for Apple Inc.’s smartphones. There, hundreds of thousands of workers have been largely shut off from the outside world for more than two weeks after the company announced the introduction of closed-loop operations, which means that workers are allowed to move only between their dorms or homes and the production lines.

☆ Apple's iPhone production could be hamstrung due to a COVID-induced worker exodus at Foxconn, its biggest supplier
▼ + stars: | 2022-10-31 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Workers are fleeing from Foxconn, China's largest iPhone factory, amidst a COVID outbreak. It's colloquially known as 'iPhone City' and produces about half of Apple's global supply of iPhones, according to The New York Times. The Zhengzhou Foxconn factory went into a closed-loop system after COVID-19 cases began emerging in mid-October. This isn't the first time that production at a Foxconn factory has been disrupted due to COVID-19 this year. In September, JPMorgan analysts noted that the company could move 25% of its iPhone production to India by 2025.

☆ Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos
▼ + stars: | 2022-10-30 | by ( Wenxin Fan | Selina Cheng | ) www.wsj.com time to read: 1 min

HONG KONG— Foxconn Technology Group is scrambling to contain a weekslong Covid-19 outbreak at an iPhone factory in central China, trying to appease frightened and frustrated workers during a crucial period for smartphone orders. In Foxconn’s main Zhengzhou facility, the world’s biggest assembly site for Apple Inc.’s iPhones, hundreds of thousands of workers have been placed under a closed-loop system for almost two weeks. They are largely shut off from the outside world, allowed only to move between their dorms or homes and the production lines.

☆ China’s Covid Fight Disrupts Businesses, Food Supplies as Cases Spread
▼ + stars: | 2022-10-27 | by ( Wenxin Fan | ) www.wsj.com time to read: 1 min

HONG KONG—China showed no signs of easing its zero-Covid policies that are taking a heavy toll on its economy, as fresh cases disrupted businesses in major cities and food supplies in a remote northwestern region. On Thursday, the central Chinese city of Zhengzhou, which is home to Foxconn Technology Group, the largest iPhone assembler, said the virus was spreading quickly there and identified 50 affected areas. The city reported 69 cases over the past three days.

☆ Apple iPhone maker Foxconn says it wants to make cars for Tesla as it ramps up EV push
▼ + stars: | 2022-10-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Young Liu, chairman of Foxconn Technology Group, speaks in front of a Model C electric vehicle during an event in Taipei, Taiwan, on Tuesday, Oct. 18, 2022. Liu said he hopes one day that Foxconn can make cars for Tesla. Foxconn , the biggest assembler of Apple's iPhones, wants to one day build cars for Tesla , the company's CEO said, as it pushes further into electric vehicle manufacturing. Hon Hai Technology Group, Foxconn's official name, launched two electric vehicle prototypes on Tuesday — the Model V pickup truck and Model B sports crossover hatchback. "I hope one day we can do Tesla cars for Tesla," Liu said.

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