Foxconn

Foxconn founder and tech billionaire Terry Gou kicked off a third-party bid for the Taiwanese presidency in August, but he vanished from the campaign trail this week, three months before the election.

Taiwan-based tech giant Foxconn announced Monday its withdrawal from a $19.5 billion joint semiconductor manufacturing deal with Indian metal and energy company Vedanta.

A sealed indictment in South Korea, revealed to the public for the first time by Reuters on Tuesday, accuses former Samsung executive Choi Jinseog of stealing company secrets from his old employer so he could help Taiwan-based Foxconn build a chip factory in China.

Foxconn Technology Group on Monday announced a slew of new perks and bonuses for employees at its massive iPhone component factory in Zhengzhou, China.

Indian commerce minister Piyush Goyal told attendees at an industry event on Tuesday that his country had surpassed $740 billion in goods and services exports, a record significantly higher than the $500 billion in exports that India documented between 2020 and 2021.

Taiwan-based Apple supplier Foxconn Technology signed a record-breaking deal with India’s southern state of Telangana to manufacture electronics on Thursday.

Tata Group, India’s largest multinational conglomerate, is reportedly in talks with Taiwan’s Wistron Corporation to purchase the latter’s $600 million iPhone manufacturing plant in Karnataka, India.

Taiwan’s Foxconn Technology Group pumped some $500 million into its Indian subsidiary on Thursday, evidently seeking to diversify its supply chain after coronavirus lockdowns and anti-lockdown riots crippled its massive iPhone assembly plant in Zhengzhou, China, last month.

Sen. Josh Hawley (R-MO) is calling on Apple CEO Tim Cook, considered the “architect” of the multinational corporation’s offshoring business model, to end all operations in China and reshore manufacturing to the United States.

Taiwan-based Foxconn spent the past month offering bonuses to employees willing to work at its massive factory in Zhengzhou, China, during a hellish coronavirus lockdown, but on Friday it offered $1400 bonuses to new recruits if they would agree to quit and go home.

Workers at the Foxconn Technology Group plant in Zhengzhou, China, the primary production hub for Apple’s iPhones, have erupted in violent protest over pay issues and a worsening coronavirus situation in the area.

Workers at the massive Foxconn plant in China’s city of Zhengzhou, the largest facility in the world for assembling Apple iPhones, spilled out into the streets on Wednesday, clashing with hazmat-suited police and tearing down barricades. 

The Chinese Communist regime on Wednesday issued a call for retired soldiers from the People’s Liberation Army (PLA) to report for work at the Foxconn factory in Zhengzhou, the world’s largest facility for assembling Apple iPhones.

Foxconn, the Taiwanese-owned company whose plant in Zhengzhou, China, is the world’s largest assembler of Apple iPhones, is frantically attempting to replace thousands of workers who climbed over fences and embarked upon 30-mile hikes to escape from a coronavirus lockdown.

Chinese officials on Wednesday announced a one-week coronavirus lockdown in the Zhengzhou Airport Economy Zone, the district where Foxconn Technology Group’s massive iPhone assembly plant is located.

China’s coronavirus lockdowns spread across much of the nation this week, hitting large cities and manufacturing hubs in what the state-run Global Times conceded was a “grim epidemic situation.”

Terrified Chinese workers are literally climbing over the fences to escape from the Foxconn plant in Zhengzhou, fearful they will either contract Chinese coronavirus or become trapped in the facility under China’s manic coronavirus lockdown policy.

Vedanta — an Indian oil, gas, and metals conglomerate — plans to finalize a $20 billion deal with the Taiwanese microchip maker Foxconn by June to produce semiconductors within India starting in 2024, India’s Swarajya magazine reported on Thursday.

Taiwan-based Apple supplier Foxconn said on Wednesday that two of its facilities in China have resumed limited operations under a “closed-loop” management system, which essentially means the employees are quarantined on the premises while the surrounding Chinese city of Shenzhen is subjected to a coronavirus lockdown.

43-year-old Tang Mingfang was arrested in 2019 for giving documents to a human rights group that showed a Foxconn factory in China was using child labor for manufacturing Echo and Kindle devices for Amazon.com.

According to a recent report, Apple has increased its reliance on Communist Chinese suppliers and appears to be replacing Taiwanese manufacturer Foxconn with Chinese supplier Luxshare as part of its $275 billion deal with the Communist government.

Apple has placed one of iPhone supplier Foxconn’s factories in southern India on probation following worker protests and alleged labor violations.

Lordstown Motors, the electric vehicle start-up company that promised hundreds of jobs this year, is set to sell the Lordstown, Ohio manufacturing plant that General Motors (GM) idled in 2019 to the Tawain-based multinational corporation Foxconn. 

China’s state-run Global Times on Thursday hectored the United States for supposedly being more interested in selling weapons to Taiwan than life-saving coronavirus vaccines, even as Taiwanese President Tsai Ing-wen accused China of sabotaging a deal that would have brought Pfizer’s vaccine to her country.

Tech giant Apple’s contract manufacturer Foxconn has reportedly begun production of the company’s iPhone 11 lineup at its production plant near the southern city of Chennai in India.

The CEO of Taiwanese company Foxconn, a supplier of smartphone components for Apple, on Tuesday described India as a “bright spot for development” and said his company is planning “further investments” there, once the coronavirus pandemic is no longer a major factor in operations.

Tech giant Apple said this week that it does not expect to meet its second-quarter revenue forecast due to global supply shortages caused by the Chinese coronavirus.

Apple supplier Foxconn has stated that it has a plan in place to continue to meet all manufacturing obligations in the wake of the coronavirus outbreak in China and that iPhone production should not be affected.

Apple may face significant disruptions to its manufacturing supply chain as China continues to deal with the spread of the coronavirus, according to a recent report.

China’s state-run Global Times took great exception to Golden Globe Awards host Ricky Gervais’ slam at the Apple corporation for using “sweatshops in China,” publishing an editorial response on Monday that criticized Westerners for “refusing to work hard and pinning their hopes on public welfare.”

According to a recent report from China Labor Watch, at least 1,000 Chinese school-aged teenagers are being recruited to work long and often illegal hours as “interns” at factories producing Amazon Alexa devices.

Foxconn, the Taiwan-based electronics manufacturer, is considering the sale of its new $8.8 billion display panel factory in China, according to a Friday-published Reuters report citing “people familiar with the matter.”

Economic populist sentiment is continuing to rise across the United States, a new poll finds, revealing that about 2-in-3 swing voters say the country’s economic system mostly benefits the well-connected, powerful, and rich.

Terry Gou, chairman of the electronics manufacturer Foxconn, announced on Wednesday his intention to run for the presidency of Taiwan, in a move that is likely to shake up the country’s political landscape ahead of next year’s elections. 

MADISON, Wis. (AP) — Foxconn Technology Group said Monday that its manufacturing facility in Wisconsin will be producing flat-screen panels by the end of 2020, with construction starting later this year.

The company said it changed its mind after “discussions with the White House.”