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The Latest Breaking News from Foxconn

iPhone maker Foxconn buys huge site in India

BENGALURU, India: 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.

Bangkok Post

Lordstown Motors Anticipates Endurance Production “Will Cease In The Near Future”

With just 31 Endurance pickups assembled and ready for sale as of February 2023, and just six units delivered so far, the company is now anticipating a rapid fall.

InsideEVs

Here’s Why You Should Stay Away From Lordstown Motors (RIDE)

Once attracting intense interest for its commercial EV ambitions, the lights may go out on Lordstown Motors as RIDE stock crumbles badly.

Barchart

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In ‘India as Eden’ offer, the apple of diluted labour laws

The dormitory labour regime being practised in Mainland China, and which is close to being recreated in India, will blur the socio-spatial boundaries between work and life for Indian labour

The Hindu

Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding

Foxconn's decision was rushed by a Nasdaq warning to Lordstown that its stock may be delisted after falling below a minimum $1 per share for 30 straight days.

InsideEVs

Founder of Taiwan's Foxconn says China won't attack if he's president

The billionaire founder of Taiwan's Foxconn and presidential hopeful Terry Gou said on Thursday China does not want war with the island and would not attack if he become president as he would not declare independence.

Reuters

It's not just a store: Apple's retail debut in India says a lot about the company's future ambitions

The country could be key to Apple's future growth.

Fortune

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Microsoft looks to buy $50m Foxconn parcel in Wisconsin

Microsoft has agreed to buy a $50 million parcel of land in southeastern Wisconsin from Foxconn after the world’s largest electronics manufacturer failed to fulfill grandiose promises to build a massive facility that would employ thousands of workers

The Independent UK

CEO Tim Cook opens Apple's first India store in Mumbai

Apple is both selling and making more phones in India as the company shifts its supply chains away from China.

Fortune

Foxconn founder, seeking Taiwan presidency, has no plan to visit China

Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, has no plan for now to visit China, he said on Tuesday, in his bid to become the presidential nominee of Taiwan's main opposition party.

Reuters

World’s largest population: Will India gain or lose?

India has the world’s largest workforce. But without enough good jobs, that unmatched advantage could be a nightmare.

Al Jazeera

Apple India iPhone output soars to $7 billion in China shift

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China.

Tribune News Service

Foxconn Plans $800m Investment in Southern Taiwan

Foxconn (2317.TW) is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on Sunday. The company, formally called Hon Hai Precision Industry Co Ltd, said the investments in Kaohsiung will…

Asharq Al-Awsat

Foxconn founder to seek Taiwan presidency

TAIPEI: Terry Gou, the billionaire founder of the technology giant Foxconn, announced on Wednesday that he is seeking the presidential nomination of Taiwan’s main opposition Kuomintang party in order to “avoid war” with China.

Bangkok Post

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Reuters

Foxconn founder Gou says he will seek Taiwan presidency

Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, said on Wednesday he would seek the presidential nomination for Taiwan's main opposition party, the Kuomintang (KMT), for a second time.

Fortune

Over 150,000 people have been let go so far this year. Are layoffs a confession of bad management?

If 2023 is “the year of efficiency,” what were the CEOs of Meta, Amazon, and others doing in all those previous years?

Reuters

Foxconn founder Gou, possible Taiwan presidential candidate, to visit US

Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, will visit the United States this week, his office said on Monday, as he considers another run for Taiwan's presidency.

Reason

Biden's 'Economic Plan' Is Industrial Policy That Will Be Terrible for Workers and Consumers

The Democratic president is supercharging former president Trump's failed approach to domestic manufacturing.

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The Times of India

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.

Businessweek

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.

InsideEVs

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.

The Times of India

'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.

InsideEVs

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.

The Times of India

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.

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