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The Latest Breaking News from Foxconn

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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.

Fortune

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.

Al Jazeera

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

The Independent UK

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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…

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.

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.

Reuters

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.

Fortune

Shanghai Composite Index Fell 0.4% on Wednesday

Shenzhen Component Index closed up 0.17%

Caixin Global

'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.

Fortune

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.

Al Jazeera

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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.

InsideEVs

Lordstown Endurance Electric Pickup Now Homologated And Certified For US Sales

The company says it has already built the first customer vehicles out of an initial batch of 500 units and they are now ready for delivery.

Motor1

VW's Scout Brand Could Tap Foxconn Or Magna Steyr To Build EVs: Report

The company isn't ruling out building the EVs itself, either.

InsideEVs

Volkswagen May Partner With Foxconn To Bring Scout EVs To US

Volkswagen is reviving the Scout brand, and the first copies are expected to by EVs coming in 2026. Now, it looks like VW may lean on Foxconn for the US market.

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Fortune

China’s COVID chaos may cost Apple billions—and there’s not much Tim Cook can do about it

For Apple, setbacks in iPhone production due to government-mandated lockdowns are the price of doing business in China.

Fortune

How a 'forgotten,' 110-day lockdown sparked China's nationwide COVID protests

A deadly fire in a region locked down since August ignited rare demonstrations of dissent across China.

Fortune

Amid protests over lockdowns, Goldman Sachs warns that China's COVID-zero exit may be ‘forced and disorderly’

“The central government may soon need to choose between more lockdowns and more COVID outbreaks,” Goldman Sachs wrote on Sunday.

ABC News

Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower

Australian retail sales suffered their first fall of 2022 in October as rising prices and higher interest rates finally seemed to have an impact on spending, a surprisingly soft result that suggests tighter policy is working as intended.

The Times of India

Huge Covid protests erupt in China's Xinjiang after deadly fire

Crowds shouting at hazmat-suited guards after a deadly fire triggered anger over their prolonged Covid-19 lockdown as nationwide infections set another record.

inkl Originals

The Weekly Wrap for Saturday, 26 November 2022

A spate of mass shootings absorbed America this week. You've been here before. Too many guns. Too much homophobia and transphobia. Too much polarisation. Too little tolerance. Too sparse opportunities for social mobility.

Daily Mirror

Black Friday shoppers set for shortages of new iPhones because of supply issues

Consumers looking for a new iPhone 14 over the Black Friday shopping period may be out of luck, as experts say Apple shortages might last for the rest of the year

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