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The Latest Breaking News from Foxconn

China Widens COVID Curbs, Apple Factory Unrest Adds to Economy Worries

Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs. Across China, cities including the capital Beijing and…

Asharq Al-Awsat

Protests erupt at largest iPhone factory in China

Large-scale protests broke out at Foxconn's vast iPhone factory in Zhengzhou, central China, images circulating Wednesday on Weibo and Twitter showed.

Bangkok Post

Reports: Employees at Chinese iPhone factory protest

Videos and postings on Chinese social media say employees at the world’s biggest Apple iPhone factory have been beaten and detained in protests over contract disputes amid anti-virus controls

The Independent UK

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China’s COVID cases to smash records as video shows workers rebel

Chinese authorities are introducing new restrictions across the country as infections look set to pass April’s peak.

Al Jazeera

Huge Foxconn iPhone plant in China rocked by fresh worker unrest

Hundreds of workers joined protests at Foxconn's flagship iPhone plant in China, with some men smashing surveillance cameras and windows, footage uploaded on social media showed.

Reuters

1 EV Stock You Don't Want to Ride With

Shares of Lordstown Motors (RIDE) have declined more than 59% year-to-date on concerns over supply chain issues and rising raw material costs. While the company has finally started production, it is crawling and is far behind its 500-vehicle target by the end of this year. Given the rising competition within…

StockNews.com

Apple iPhone Production Snags Could Push $3 Billion In Sales To March Quarter

Apple's iPhone 14 supply continues to be constrained by a Covid-related production slowdown at its main assembly plant in China.

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Chinese leaders face anger over 2nd child's quarantine death

Chinese authorities are facing more public anger after a second child’s death was blamed on overzealous anti-virus enforcement, adding to frustration at controls that are confining millions of people to their homes and sparked fights with health workers

The Independent UK

‘Once-in-a-lifetime opportunity’: How a mass lockdown at the world’s biggest iPhone factory is India’s big chance to beat out China as Apple’s favorite supplier

A recent lockdown and mass worker escape from Apple’s top iPhone supplier in China is accelerating the company’s shift to make more smartphones in India.

Fortune

Amid Uncertainty Over FTX Collapse BlockFi Suspends Withdrawals, Juul Shelves Bankruptcy Preparations, Berkshire Hathaway Trims Holdings In Tesla Competitor: Top Stories Friday, Nov. 11

Reuters

Benzinga

Apple Supplier Foxconn Adjusts Production to Avoid Holiday Blues

Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders. Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant,…

Asharq Al-Awsat

China's Guangzhou brings back mass testing to fight city's worst COVID outbreak

Millions of residents of China's southern manufacturing hub of Guangzhou were told on Wednesday to get tested for COVID-19, as infections topped two thousand for two days running in the city's worst outbreak so far.

Reuters

Why iPhone 14 Pro delivery times are almost 2 months right now

A lockdown at Foxconn's Zhengzhou assembly facility in China has iPhone 14 Pro and 14 Pro Max delivery times backed up by almost two months.

Inverse

Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

Benzinga

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Fortune

Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

InsideEVs

Saudi Arabia Teams Up With Foxconn To Launch Its Own Ceer EV Brand

Ceer is a joint venture between Saudi Arabia's Public Investment Fund and Taiwan's Foxconn; it will license component tech from BMW in the development phase.

Daily Record

Warning over iPhone delays as China faces Covid lockdown

Customers who have bought an iPhone 14 Pro or an iPhone 14 Pro Max will likely have to wait a little longer for their order.

Wales Online

Warning over delay in iPhones after surge in Covid

“We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated”

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The Independent UK

Apple says iPhone supplies hurt by anti-virus curbs in China

Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor’s factory in central China

The Guardian - AU

Apple warns iPhone shipments will be delayed due to Covid restrictions at Foxconn plant

Tech company says customers will experience longer wait times as the plant in China is operating at reduced capacity

The Guardian - AU

Rumours of zero-Covid easing spread in China amid anger at restrictions

Despite relatively low case numbers, there are reportedly about 200 lockdowns across the country

Tribune News Service

Auto review: The Lordstown Endurance marches to the beat of a different hub motor

ANN ARBOR, Mich. — Electric trucks these days are supercar wannabes. Go zero-60 mph in the GMC Hummer EV in three seconds! The Rivian R1T has neck-snapping torque! The Ford Lightning is quicker to 60 mph than a Ford Raptor! And so on.

Asharq Al-Awsat

Crown Prince Launches Ceer, the 1st Saudi Electric Vehicle Brand

Crown Prince Mohammed bin Salman bin Abdulaziz launched on Thursday Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The Crown Prince is also the Saudi Prime Minister and Chairman of the Public Investment Fund (PIF). “Saudi Arabia is not just building a…

Evening Standard

China locks down area around world’s biggest iPhone factory amid Covid outbreak

Closure comes ahead of busy Christmas and Lunar New Year period for Apple

The Guardian - UK

Supply fears as China lockdown hits world’s largest iPhone factory

Foxconn plant in Zhengzhou, which which many workers have fled, now under seven-day Covid lockdown

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