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The Latest Breaking News from Foxconn

Apple seeks India labor reform to diversify beyond China

NEW DELHI: Apple Inc is seeking changes in India’s labor laws as part of its effort to expand local production, and regional governments are yielding to its request as they are eager to snatch iPhone assembly from China.

The Times of India

Foxconn Finds EVs Are Harder to Build Than iPhones

The contractor’s dreams of building electric cars are running into the reality of recalls and fledgling partners in Lordstown.

Businessweek

Lordstown Making New EV Plans After Selling 3 Electric Trucks In 2022

Lordstown Motors is among a growing list of struggling startup EV makers, and it seems it may need to go in a new direction quickly or it may not make it.

InsideEVs

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'Committed to set up manufacturing facility in Telangana,' says Foxconn

NEW DELHI: Apple Inc partner Foxconn Technology Group says it is committed to setting up manufacturing facility in Telangana, Hyderabad, the company said.

The Times of India

Apple partner Foxconn plans $700 million India plant in shift from China

NEW DELHI: Apple Inc partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

The Times of India

Volkswagen May Build Scout EV On Its Own At New US Factory

VW previously discussed contracting Foxconn or Magna to build the Scout EV brand, but now it's reportedly planning to move forward alone with a new US factory.

InsideEVs

Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India

NEW DELHI: In a first, Vedanta and electronics manufacturing firm Foxconn on Monday unveiled their plan to set up a semiconductor and display manufacturing facility in Ahmedabad, news agency PTI reported quoting sources.

The Times of India

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Apple’s latest patent sparks speculation a foldable iPhone may be in the works

In a bid to recover lost ground, CEO Tim Cook may be planning to launch a competitor to the Samsung Galaxy Z Fold4.

Fortune

How TSMC convinced Apple to ditch Samsung

In 2011, Apple needed to find a replacement for its contract chip manufacturer—rival smartphone maker, Samsung.

Fortune

What it would take for Apple to disentangle itself from China

The tech giant increasingly finds itself beholden to America’s biggest geopolitical rival. But is diversification even possible?

Financial Times

Apple is no longer the only company with a $2 trillion valuation

The company’s shares fell 27.2% in 2022, performing worse than the broader market.

Fortune

Chinese cities may be passing peak COVID infections

According to official data, both manufacturing and services activity have contracted for three straight months.

Fortune

Chinese officials say it's fine to go to work sick

China could be seeing as many as one million COVID cases a day, according to predictions from analytics firm Airfinity.

Fortune

India, Vietnam are emerging as Apple's next manufacturing hub, analysts say

India and Vietnam are emerging as Apple Inc's next manufacturing hubs as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.

The Times of India

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Fortune

A top Chinese AirPod maker is following Apple as it shifts its supply chain away from the mainland

As Apple diversifies its supply chain away from mainland China, its Chinese suppliers are moving too, establishing factories in new hubs.

Al Jazeera

Apple looks beyond ‘iPhone factory’ China as dalliance sours

Tech giant is seeking to redirect supply chains to India and Vietnam amid fears of overdependence on China.

The Independent UK

Foxconn to ease COVID-19 curbs in Chinese iPhone factory

The company that assembles Apple Inc.’s iPhones says it will ease COVID-19 restrictions at its largest factory in China that led thousands of workers to quit

Asharq Al-Awsat

China Re-Opens More Areas at Risk for COVID Spread as Lockdowns Ease

China has slashed the number of locations deemed at high risk of wider COVID outbreaks, re-opening locked down areas including one hosting a key factory of an Apple supplier. The number of high-risk areas tumbled to around 4,500 on Monday, official data showed, down 85% from more than 30,000 on…

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Reuters

China re-opens more areas at risk for COVID spread as lockdowns ease

China has slashed the number of locations deemed at high risk of wider COVID outbreaks, re-opening locked down areas including one hosting a key factory of an Apple supplier.

Reuters

Apple supplier Foxconn's founder pushed China to ease COVID curbs - WSJ

Apple supplier Foxconn's founder Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported.

Fortune

China may reopen soon—but 'millions' of new COVID cases will disrupt its economic recovery

Analysts are warning of a "bumpy," "zigzagging" recovery since China's COVID cases and deaths will likely spike.

Caixin Global

Shanghai Composite Index Fell 0.4% on Wednesday

Shenzhen Component Index closed up 0.17%

Fortune

'The clock has struck midnight in China': Wedbush analyst Dan Ives says Apple needs a new plan after major iPhone supply chain disruptions

By 2025, 50% of iPhone production could be in these two countries instead, according to Wedbush tech analyst Dan Ives.

Al Jazeera

How one Chinese Twitter user exposed COVID protests to the world

‘Teacher Li’ has amassed more than 800,000 followers with his posts highlighting COVID-related unrest in China.

Bangkok Post

Apple Makes Plans to Move Production Out of China

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.

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