According to Apple, the risks of depending too heavily on manufacturing in China are rising and are far too great. Regardless of how the U.S.-China trade is resolved, the production shift will take place. In a significant development, the Nikkei Asian Review has reported that Apple Inc has asked its major suppliers to assess the…
Although Foxconn’s chairman Terry Gou plans on retiring in order to run for elections, the company’s filing with Taiwan’s stock exchange shows his name in the proposed candidates for the company’s new board.
Microsoft has demanded that Foxconn pay patent royalties in its latest lawsuit. On Tuesday, Foxconn’s CEO Terry Gou stated, it does not expect to suffer any loss as a result of a lawsuit filed by Microsoft Corp. In its lawsuit, Microsoft has stated, Foxconn has not paid its patent royalties. At a press conference in…
Foxconn has attributed the development as part of its usual adjustments based on global strategy and clients’ needs. In a stock filing, Foxconn Industries, formally known as Hon Hai Precision Industry Co Ltd, stated it was in the process of recruiting more than 50,000 positions across its China campuses for the January-March quarter, midst reports…
The strategic move can potentially benefit both Apple and Foxconn as it can significantly diminish the impact of the U.S.-China trade war, as well as take advantage reduced import duties. According to a source familiar with the matter at hand, Apple Inc will begin assembling its high-end iPhones in India through a local unit of…
These sensors are used by Apple’s iPhone X, which was launched in 2017. In a development that underscores the growing debate in Japan as to whether foreign workers should be allowed in the country midst a labour shortage,Japan’s Sharp Corp has laid off around 3,000 foreign workers, said a labor union, as the electronic giant…
Employing more than 1 million people, Foxconn’s export market includes both the United States and China. On Friday, Hon Hai Hon Hai Precision Industry Co Ltd, also known as Foxconn, stated the tariff war between the United States and China is more of a tech war than a trade war. This tech war is the…
By 2022, India aims to increase its solar energy capacity by 5 times to 20GW. On Friday, Japanese public broadcaster NHK reported, without citing sources, SoftBank Group Corp has decided to invest $60 billion to $100 billion in the solar industry in India. A formal agreement is expected to be signed soon between the Indian…
The usage of temporary workers at Foxconn’s plants have been an issue that has dogged the world’s largest contract manufacturer for many years now. Following a report by a U.S. watchdog that working conditions at one of Foxconn’s factory in China, which makes devices for Amazon, was harsh, Foxconn, also known as Hon Hai Precision…
The projects it plans on funding will focus on building 5G solutions, smart manufacturing platforms and cloud computing services. On Monday, Foxconn, the world’s largest contract manufacturer of electronics, stated it plans on using the proceeds of one of its subsidiaries, which got listed in Shanghai, to fund 8 projects totaling to $4 billion (27.3…
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