Apple supplier Foxconn plans to rely less on China for revenue
1 year, 9 months ago

Apple supplier Foxconn plans to rely less on China for revenue

Live Mint  

TAIPEI : Foxconn Technology Group, one of Apple’s biggest suppliers, said it would rely less on China as a source of revenue as it diversifies production sites to strengthen supply-chain resilience. Taiwan-based Foxconn, best known for assembling Apple Inc.’s iPhones and other products in big plants in mainland China, has been diversifying its production sites as well as the products it manufactures. Late last year, protests erupted at Foxconn’s iPhone plant in Zhengzhou, central China, as frustration grew among workers over tight pandemic control policies and wages. With output having returned to normal levels at the Zhengzhou site, Foxconn’s smart consumer electronics business, which includes smartphones, is expected to grow in the first quarter from the same period a year earlier, Mr. Liu said.

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History of this topic

Building Apple products has become a side hustle for China’s biggest EV maker
3 weeks, 1 day ago

Building Apple products has become a side hustle for China’s biggest EV maker

Live Mint  

Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. BYD, known globally as Tesla’s most formidable EV competitor, has a second business manufacturing electronics, and it has grown to assemble more than 30% of Apple’s tablets, according to industry executives and analysts. Cook said on Chinese social media that BYD was among …

Foxconn Says Trump’s New Tariffs Will Not Impact The Firm Due To Global Manufacturing Footprint
3 weeks, 6 days ago

Foxconn Says Trump’s New Tariffs Will Not Impact The Firm Due To Global Manufacturing Footprint

ABP News  

Foxconn on Wednesday said that the firm expects to be protected from the impact of new tariffs from the new US President Donald Trump-led government. The company said that it estimates these tariffs to create an issue for its rivals much more due to the firm’s global manufacturing footprint. Young Liu, Chairman, of the Taiwanese company in a conversation with …

Top executives in Beijing for supply chain expo
3 weeks, 6 days ago

Top executives in Beijing for supply chain expo

China Daily  

The booth of Apple Inc at the China International Supply Chain Expo. WANG JING/CHINA DAILY Tim Cook, CEO of Apple Inc, reaffirmed the critical role of China's supply chains in supporting the US tech giant during his recent visit to China, aligning with other multinational companies in committing to the Chinese market and integrating more deeply into global industrial and …

Apple’s Sales in China Are Stalling. What Will It Sacrifice to Turn Things Around?
1 month, 4 weeks ago

Apple’s Sales in China Are Stalling. What Will It Sacrifice to Turn Things Around?

Wired  

“Our objective is to move as fast as we can, obviously, because our objective is always to get features out there for everyone. We have to understand the regulatory requirements before we can commit to doing that and commit a schedule to doing that.” In this context, Apple’s decision to open up its biggest research center outside of the US …

Apple to increase its investment in China, Tim Cook says
2 months ago

Apple to increase its investment in China, Tim Cook says

China Daily  

Apple to increase its investment in China, Tim Cook says By Cheng Yu chinadaily.com.cn Updated: Oct 23, 2024 Consumers select products at an Apple store in Chengdu, Sichuan province, Feb 23, 2024. Tim Cook, CEO of Apple Inc, said the company will continue to increase investment in China and contribute to the industrial and supply chains, as he met with …

Foxconn to build new business HQ in Henan
4 months, 4 weeks ago

Foxconn to build new business HQ in Henan

China Daily  

Foxconn Technology Group, the world's largest electronics manufacturing contractor, plans to invest 1 billion yuan to establish a new business headquarters in Zhengzhou, Henan province, as the company is diversifying revenue sources and reducing its heavy dependence on assembling Apple's iPhones. Roger Sheng, vice-president of research at US market research company Gartner, said Foxconn is diversifying its business layout and …

Foxconn to invest 1b yuan in new headquarters
4 months, 4 weeks ago

Foxconn to invest 1b yuan in new headquarters

China Daily  

The logo of Foxconn is seen at Longhua district, Shenzhen, Guangdong province, Sept 3, 2022. Foxconn Technology Group, the world's largest electronics manufacturing contractor, plans to invest 1 billion yuan to establish a new business headquarters in Zhengzhou, Henan province, as it has signed a strategic partnership with the provincial government. With a construction area of approximately 70,000 square meters, …

For Apple’s AI push, China is a missing piece
6 months ago

For Apple’s AI push, China is a missing piece

Live Mint  

Apple’s presentation on artificial intelligence this month offered examples of how American iPhone users could soon enjoy AI tools such as a custom emoji generator. OpenAI’s ChatGPT and other Western AI models aren’t available in China, and that is prompting Apple to look for a Chinese partner to help offer its Apple Intelligence services, said people in the industry. Apple …

China seen as indispensable to global supply chain
8 months ago

China seen as indispensable to global supply chain

China Daily  

The assembly line of the Airbus A320 family of aircraft in Tianjin. George Xu, CEO of Airbus China, said in an exclusive interview last month: "In the past, we had to ship all the big parts from Europe, which took 60 days., we worked with a Chinese partner, the Aviation Industry Corp of China, to produce the parts locally and …

China seen as indispensable to global supply chain
8 months ago

China seen as indispensable to global supply chain

China Daily  

The assembly line of the Airbus A320 family of aircraft in Tianjin. George Xu, CEO of Airbus China, said in an exclusive interview last month: "In the past, we had to ship all the big parts from Europe, which took 60 days., we worked with a Chinese partner, the Aviation Industry Corp of China, to produce the parts locally and …

Apple CEO: China's supply chain is most critical to firm
9 months ago

Apple CEO: China's supply chain is most critical to firm

China Daily  

Apple CEO Tim Cook and Wang Chuanfu, CEO of BYD, at Apple's Shanghai office on March 20, 2024. Cooperation: Nation's advantage in manufacturing highlighted There's no supply chain in the world more critical to Apple than that of China, Apple CEO Tim Cook said in an interview with China Daily in Shanghai on Wednesday, as the senior executive highlighted the …

Apple to expand in China with new research labs
9 months, 1 week ago

Apple to expand in China with new research labs

China Daily  

Consumers select products at an Apple store in Chengdu, Sichuan province, Feb 23, 2024. Apple Inc said on Tuesday that it is expanding in China with new applied research labs, in its latest move to tap into the country's manufacturing and research and development prowess to produce the best products. Isabel Ge Mahe, vice-president and managing director of Apple Greater …

Apple China iPhone sales plunge 24% as Huawei's popularity surges
9 months, 2 weeks ago

Apple China iPhone sales plunge 24% as Huawei's popularity surges

The Hindu  

Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. Apple "faced …

Apple's China sales tumble highlights waning clout as local brands gain
10 months, 3 weeks ago

Apple's China sales tumble highlights waning clout as local brands gain

The Hindu  

Apple's weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted Apple's China growth, with sales there nosediving by 13% in the quarter ending …

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid
1 year ago

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid

Hindustan Times  

IPhone maker Hon Hai Precision Industry Co. plans to expand its footprint in India with another NT$50 billion investment for construction projects. The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, The announcement, made in an exchange filing in Taiwan late Monday, didn’t give any further details, saying only that the investment was for “operational needs.” …

Apple’s manufacturer Luxshare moves investment to Vietnam instead of India: Here’s why
1 year, 1 month ago

Apple’s manufacturer Luxshare moves investment to Vietnam instead of India: Here’s why

Live Mint  

Apple’s one of the biggest Chinese component manufacturers, Luxshare, has reportedly decided to invest in Vietnam instead of India, citing the political tensions between the two countries. According to a report by Business Standard, after three years, Luxshare’s move to make investments in Vietnam is a result of many failed attempts to expand its operations in India. On 16 August, …

Smartphone manufacturing: How 'Make in India' is marking a difference
1 year, 1 month ago

Smartphone manufacturing: How 'Make in India' is marking a difference

Firstpost  

The decisions by the likes of Apple, Foxconn and Micron to either expand or establish their India presence could not have come at a better time As India is looking to become the third largest economy in the world in the coming years, cutting-edge technologies across 5G/6G, satellite communication and semiconductors will contribute towards this growth. More than 90 per …

Foxconn shares slide after report says China probing taxes, land use
1 year, 2 months ago

Foxconn shares slide after report says China probing taxes, land use

Al Jazeera  

Apple supplier’s shares dropped as much as 3 percent after report by China’s state-owned Global Times. Shares in Taiwan’s Foxconn, a major supplier of Apple’s iPhones, dropped by as much as 3 percent on Monday after a report the company is the subject of tax audits and land use probes in China just months ahead of a Taiwanese election. China’s …

Foxconn under tax and land use investigations in China
1 year, 2 months ago

Foxconn under tax and land use investigations in China

The Hindu  

Taiwanese tech giant Foxconn is under tax and land use investigations at several of its sites in China, state media reported on October 22. Chinese authorities are inspecting Foxconn's sites 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, China's state-run Global …

Apple supplier Foxconn subjected to tax inspections by Chinese authorities
1 year, 2 months ago

Apple supplier Foxconn subjected to tax inspections by Chinese authorities

Associated Press  

BANGKOK — Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday. Foxconn, a Taiwanese -headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in the Chinese …

Make in India: Dell, HP, Foxconn, and others in line for state aid in production
1 year, 3 months ago

Make in India: Dell, HP, Foxconn, and others in line for state aid in production

Live Mint  

Amid central government's push to make a manufacturing hub for the world, its financial incentive plan to boost local production is receiving good response. Indian Premier Narendra Modi’s $2.1 billion financial incentive plan — a bid to boost local production of technology hardware such as laptops, personal computers, tablets and servers — has received an overwhelming industry response, Tech Minister …

Apple marks 30 years of innovation in China
1 year, 4 months ago

Apple marks 30 years of innovation in China

China Daily  

Consumers select products at an Apple store on Nanjing Road Walkway in Shanghai in December. WANG GANG/FOR CHINA DAILY Apple Inc will beef up cooperation with Chinese suppliers to help promote the intelligent transformation of manufacturing, as the US tech company celebrates its 30 years of community, education, and innovation in China. Isabel Ge Mahe, vice-president and managing director of …

Apple Supplier Foxconn Begins iPhone 15 Production in India
1 year, 4 months ago

Apple Supplier Foxconn Begins iPhone 15 Production in India

Deccan Chronicle  

Apple Inc.’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. “Apple’s increased production in India will lead to more of its supply chain moving to the country,” said Shilpi Jain, a senior analyst at Counterpoint Research. Other Apple suppliers in India …

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics
1 year, 4 months ago

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics

ABP News  

Key iPhone assembler Foxconn has reported one per cent fall in its second quarter net profit amid weak demand for electronics globally. The company, also the world's largest contract electronics manufacturer, beat analysts' forecasts - its net profit for the April-June quarter fell to T$33 billion from a revised T$33.29 billion in the same period last year. Foxconn shares rose …

Apple opens store on China's WeChat platform
1 year, 5 months ago

Apple opens store on China's WeChat platform

The Hindu  

Tencent's WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, marking an expansion of the U.S. firm's retail channels in the world's second largest economy. The announcement by WeChat, China's dominant messaging app which also provides e-commerce, livestreaming, and payment services, said users would be able to buy Apple products including iPhones, …

Apple Partner Foxconn On Hiring Spree At Largest Factory Ahead Of iPhone 15 Launch
1 year, 5 months ago

Apple Partner Foxconn On Hiring Spree At Largest Factory Ahead Of iPhone 15 Launch

ABP News  

Apple's largest and most prominent manufacturing partner Foxconn has ramped up hiring at the world's biggest iPhone factory in Zhengzhou province of China, weeks ahead of the launch of the upcoming iPhone 15. A recruiter named Zhao, which is responsible for hiring staff for Foxconn, is hiring permanent employees and temporary workers at an hourly wage of 21.5 yuan, the …

Foxconn denies allegations Apple will move supply chain outside China
1 year, 5 months ago

Foxconn denies allegations Apple will move supply chain outside China

China Daily  

The logo of Foxconn is seen at Longhua district, Shenzhen, Guangdong province, Sept 3, 2022. Liu Young-way, chairman and CEO of Foxconn Technology Group, the world's largest electronics manufacturing contractor, denied that Apple Inc planned to move its supply chains out of Chinese mainland. Foxconn, formally known as Hon Hai Precision Industry Co, is a key supplier of Apple. Looking …

iPhone-Maker Foxconn to Build Electric Two-Wheeler Factory in India, Reveals Annual Report
1 year, 6 months ago

iPhone-Maker Foxconn to Build Electric Two-Wheeler Factory in India, Reveals Annual Report

News 18  

Taiwanese company Foxconn, renowned for manufacturing Apple iPhones, is reportedly preparing to venture into the electric vehicle manufacturing market in India. In its recently released annual report on May 31, Foxconn revealed its plans to set up a production line in India this year specifically for two-wheeler electric vehicle manufacturing services. During Foxconn Chairman Young Liu’s previous visit to India, …

iPhone maker Foxconn buys huge site in India's tech hub Bengaluru
1 year, 7 months ago

iPhone maker Foxconn buys huge site in India's tech hub Bengaluru

Firstpost  

Bengaluru: As it looks to diversify production away from China, Taiwanese electronics giant Foxconn in a filing on Tuesday said that it has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru. Foxconn, also known by its official name Hon Hai Precision Industry, is the world’s biggest contract electronics manufacturer and a principal assembler of …

iPhone maker Foxconn buys huge site in Devanahalli
1 year, 7 months ago

iPhone maker Foxconn buys huge site in Devanahalli

The Hindu  

May 09, 2023 09:50 pm | Updated 09:50 pm IST - Bengaluru Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Bengaluru, the key Apple supplier said in a filing on Tuesday as it looks to diversify production away from China. Also known by its official name, Hon Hai Precision Industry, Foxconn is the …

iPhone maker Foxconn buys huge site in Bengaluru
1 year, 7 months ago

iPhone maker Foxconn buys huge site in Bengaluru

India Today  

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China. Karnataka state chief minister Basavaraj S. Bommai said in March that Apple would "soon" manufacture iPhones at a new plant that would create …

Apple enjoys 'symbiotic' relationship with China, Cook says
1 year, 8 months ago

Apple enjoys 'symbiotic' relationship with China, Cook says

Deccan Chronicle  

BEIJING: Apple enjoys a "symbiotic" relationship with China, CEO Tim Cook said on Saturday, as the iPhone giant looks to move production out of the country. Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an interview on the role of technology in education. Cook's visit comes as Apple, the …

Apple Inc supplier Pegatron to open 2nd factory in India
1 year, 9 months ago

Apple Inc supplier Pegatron to open 2nd factory in India

Firstpost  

Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million, said the sources, who sought anonymity as the talks are private New Delhi: Apple Inc’s Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two …

Apple supplier Foxconn plans $200m factory in India, sources say
1 year, 9 months ago

Apple supplier Foxconn plans $200m factory in India, sources say

Al Jazeera  

Source says Taiwan firm will invest more than $200m in the new AirPod plant in the southern Indian state of Telangana. One source said Foxconn will invest more than $200m in the new India AirPod plant in the southern Indian state of Telangana. The person, who requested anonymity as the matter was not public yet, said Foxconn officials had debated …

Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India
1 year, 9 months ago

Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India

CNN  

Hong Kong CNN — Apple supplier Foxconn says it is seeking Indian partners to cooperate in areas such as chips and electric vehicles, as its chief executive wrapped up a visit to the country. Taiwan’s Foxconn has been looking to expand its operations in the South Asian giant after suffering severe supply disruptions in China last year. “My trip this …

Top Apple supplier plans major India expansion
1 year, 9 months ago

Top Apple supplier plans major India expansion

Live Mint  

Apple Inc.’s main manufacturer, Foxconn Technology Group, is considering a major expansion in India, including possibly assembling millions more iPhones and setting up new production sites as it seeks to further diversify beyond China. Foxconn also plans to build a new production facility in the southern Karnataka state, where it would make products including iPhones, people familiar with the matter …

Foxconn plans new India iPhone plant in shift away from China
1 year, 9 months ago

Foxconn plans new India iPhone plant in shift away from China

The Hindu  

Apple will manufacture iPhones at a new plant in India, officials said Friday, as the U.S. tech giant seeks to ramp up its India production and diversify away from China. The flagship mobile's global supply chain is based mainly in China, where strict Covid policies last year and ongoing diplomatic tensions with the United States have hurt production. Foxconn, the …

Foxconn Eyes India As It Plans $700 Million Investment In New Plant For iPhone Production
1 year, 9 months ago

Foxconn Eyes India As It Plans $700 Million Investment In New Plant For iPhone Production

News 18  

Foxconn Technology Group, a major manufacturer for Apple’s iPhone, is reportedly planning to invest up to $700 million to build a new plant in India. According to Bloomberg, Foxconn could be looking at producing iPhone parts on a 300-acre site located near Bengaluru, Karnataka. Last November, Foxconn’s Zhengzhou facility, known as the biggest Apple iPhone factory globally, faced challenges with …

Apple targets raising India production share to up to 25%: Goyal
1 year, 11 months ago

Apple targets raising India production share to up to 25%: Goyal

The Hindu  

Apple Inc. wants India to account for up to 25% of its production from about 5%-7% now, the trade Minister told a conference on Monday, as the iPhone maker continues to move its manufacturing away from China. "Apple, another success story," Piyush Goyal said, pitching India as a competitive manufacturing destination. Cupertino, California-based Apple has bet big on India since …

Foxconn's Zhengzhou Facility Back At 90 Per Cent Capacity As Covid Curbs Subside
1 year, 11 months ago

Foxconn's Zhengzhou Facility Back At 90 Per Cent Capacity As Covid Curbs Subside

ABP News  

Apple Inc.’s biggest main production partner, Foxconn Technology Group, has brought the world’s largest iPhone plant to about 90 per cent of anticipated peak capacity, as reported by news agency Bloomberg. According to the report, Foxconn’s plant in the central Chinese city of Zhengzhou is now operating with roughly 200,000 employees, the official Henan Daily reported, citing Foxconn executive Vic …

iPhone maker Foxconn's Covid-hit China plant to resume production: Report
1 year, 11 months ago

iPhone maker Foxconn's Covid-hit China plant to resume production: Report

Hindustan Times  

Foxconn's COVID-hit iPhone plant in China's Zhengzhou city is almost back to full production, with its December shipments reaching about 90% of initial plans, two people with direct knowledge of the matter said. iPhone maker Foxconn's Covid-hit China plant to resume production: Report Foxconn, formally Hon Hai Precision Industry Co Ltd, declined to comment. Production at the world's largest manufacturing …

Mint Explainer: Covid may speed up China's loss of manufacturing supremacy
2 years ago

Mint Explainer: Covid may speed up China's loss of manufacturing supremacy

Live Mint  

The covid-19 pandemic is causing a gradual shift in global manufacturing as companies look for alternatives to China as a supply source. China’s decline as a manufacturing hub For almost three decades, the Chinese economy grew in near double digits. In fact, a parliamentary panel pointed out last year that India is not the first choice for companies shifting out …

Foxconn fine for unauthorised China investment likely to be imposed soon
2 years ago

Foxconn fine for unauthorised China investment likely to be imposed soon

The Hindu  

Foxconn, the world's largest contract electronics maker, is likely to be fined soon by Taiwan's government for an unauthorised investment in a Chinese chip maker, a person with direct knowledge of the situation said on Monday. Taiwan, which Beijing views as sovereign Chinese territory, has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening …

Foxconn faces hefty fines from Taiwanese government for unauthorised investment in Chinese chip makers
2 years ago

Foxconn faces hefty fines from Taiwanese government for unauthorised investment in Chinese chip makers

Firstpost  

Taiwan has accused China of stealing Taiwanese chip technology. That’s why, they require all Taiwanese businesses to get permission from the Taipei government before investing in Chinese businesses, something that Foxconn failed to do. In a bid to dissuade other semiconductor manufacturers from getting involved with China, Taiwanese officials have decided to fine Foxconn a hefty amount for their unauthorised …

Taiwan to Fine Foxconn for Unauthorised China Investment
2 years ago

Taiwan to Fine Foxconn for Unauthorised China Investment

News 18  

TAIPEI:Taiwan's government said on Saturday it would fine Foxconn, the world's largest contract electronics maker, for an unauthorised investment in a Chinese chip maker even after the Taiwanese firm said it would be selling the stake. Late Friday, Foxconn said in a filing to the Taipei stock exchange its subsidiary in China had agreed to sell its entire equity stake …

Foxconn to ease COVID-19 curbs in Chinese iPhone factory
2 years ago

Foxconn to ease COVID-19 curbs in Chinese iPhone factory

Associated Press  

HONG KONG — The company that assembles Apple Inc.’s iPhones has announced it is easing COVID-19 restrictions at its largest factory in China that led thousands of workers to quit and drastically slowed production. Foxconn Technology Group said in a statement on one of its official WeChat social media accounts that it would end the so-called “closed loop” system at …

Foxconn iPhone factory continues to face protests over China's 'Zero COVID' policy
2 years ago

Foxconn iPhone factory continues to face protests over China's 'Zero COVID' policy

Op India  

Foxconn, Apple’s largest supplier, has faced unending chaos in the last two months at its Zhengzhou plant, which happens to be the largest iPhone factory in the world, located in the Henan province in central China, reported Portal Plus. Foxconn’s Zhengzhou plant which earlier employed over 2,00,000 workers, is facing violent protests by employees since November. The chaos which seems …

Apple made China the backbone of its iPhone assembly. Shifting away could take years
2 years ago

Apple made China the backbone of its iPhone assembly. Shifting away could take years

CNN  

CNN — In early November, weeks before the peak holiday shopping season was about to kick off, Apple issued an unusual warning: customers would have to wait longer for the new iPhone 14 Pro models. In an investor note earlier this week, one analyst at Wedbush Securities estimated it would take Apple until at least 2025 or 2026 to move …

Covid unrest in China affects iPhone production, Foxconn reports big sales drop
2 years ago

Covid unrest in China affects iPhone production, Foxconn reports big sales drop

Hindustan Times  

Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak in the Chinese city of Zhengzhou, where the company operates the world’s largest iPhone assembly complex. The company, also known as Foxconn, said November was the most affected period by the pandemic and it expects …

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