Foxconn
Foxconn, which manufactures iPhones for Apple, launches its first satellites into orbit
On November 11, another SpaceX mission launched the first two satellites of the Taiwanese company Foxconn, the world’s largest iPhone manufacturer for the tech giant Apple, into low Earth orbit, reports Bloomberg. The satellites were developed jointly with the National Central University of Taiwan. Each object weighs about 9 kg ... Read more
Foxconn is going to double the number of workers and investments in India within 12 months
Foxconn continues to diversify its production by moving part of its production capacity from China to other Asian countries. According to Reuters, the company plans to double its investment and the number of employees in India over the next 12 months. Foxconn’s representative in India, Wee Li, wrote about this ... Read more
Foxconn founder Terry Gou is running for president of Taiwan. He says China will not intimidate him
Terry Gou, the founder of Foxconn and one of Taiwan’s richest men, has announced his candidacy for the 2024 presidential election. This is the businessman’s second attempt to run for president, writes Про це пише Insider. Answering a journalist’s question about how he would respond to pressure from Beijing over ... Read more
The iPhone contract manufacturer plans to build a $700 million plant in India, replacing production in China
Apple partner Foxconn Technology Group plans to invest about $700 million in a new plant in India to boost local production, people familiar with the matter said, underscoring the acceleration of shifting production from China amid rising tensions between Washington and Beijing, writes Bloomberg. The Taiwanese company, also known for ... Read more
Workers at Foxconn’s iPhone manufacturing plant in China staged a riot due to coronavirus restrictions
Workers at the world’s largest iPhone factory clashed with police after protests broke out at the Foxconn factory in the Chinese city of Zhengzhou, reports The Wall Street Journal. This huge enterprise, which employs more than 200,000 people, has been under strict control for several weeks due to Covid-19. Videos ... Read more
iPhone production in China could drop by 30% due to COVID-19 and new restrictions
According to Fubon Research, Foxconn produces approximately 70% of all iPhones (which accounts for 45% of the Taiwanese company’s profits). The factory in Zhengzhou assembles most of Apple’s smartphones. And as reports Reuters, due to new restrictions related to COVID-19, this figure may decrease significantly. Currently, 200,000 people work at ... Read more