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 strategic move will not only bring down its import cost but will also help it sl slash escalating labor costs in China. In a move that signals an expansion of Apple’s iPhone assembly line in India, Wistron Corp, a Taiwanese contract manufacturer which is part of Apple Inc, has won approval from India’s Karnataka…
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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