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The Latest Breaking News from Foxconn

China imposes new lockdowns as local Covid cases hit record high

Country reports 31,444 new locally transmitted cases, the highest daily figure since pandemic began

The Guardian - UK

Foxconn apologizes for pay dispute at China factory

The company that assembles Apple Inc.’s iPhones has apologized for what it said was a technical error that led to protests by employees over payment of wages offered to attract them to a factory that is under anti-virus restrictions

The Independent UK

6 million locked down in 'iPhone city'

ZHENGZHOU, China: Authorities have ordered six million people into lockdown in a city where violent protests broke out at an iPhone factory over Covid isolation policies and working conditions.

Bangkok Post

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China: ‘Zero Covid’ outlier imposes more lockdowns as coronavirus infections hit record high

More than 6million people in Zhengzhou have been told to stay at home for five days as China sticks to its ‘zero Covid’ strategy

Evening Standard

Apple supplier Foxconn apologises after unrest at Chinese campus

Taiwanese tech giant says ‘technical error’ to blame for pay dispute that saw workers clash with police.

Al Jazeera

Apple supplier Foxconn will pay new hires $1,400 to quit as China's 'iPhone city' enters COVID lockdown

Foxconn is scrambling to respond to lockdowns and unrest at its Zhengzhou, China iPhone factory, where workers and security personnel clashed on Wednesday.

Fortune

China expands lockdowns as COVID-19 cases hit daily record

China is expanding lockdowns, including in a city where factory workers clashed this week with police, as its number of COVID-19 cases hit a daily record

The Independent UK

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How bad are the 'iPhone city' riots for Apple stock? Analysts see a 'body blow' for the most valuable company on earth

Hundreds of workers clashed with authorities at Foxconn's iPhone plant in Zhengzhou, China on Wednesday. Analysts warn it could affect already ailing iPhone production.

Fortune

Apple iPhone 14 Pro Supply Issues In Focus After Factory Protests

After warning of iPhone 14 Pro shortages from Covid-related disruptions, Apple faces a new problem from worker protests at its main assembly plant in China.

Investors Business Daily

Dow Jones Climbs Ahead Of Fed Minutes; Jobless Claims Jump; Tesla Races Higher On Upgrade

The Dow Jones Industrial Average rose Wednesday ahead of the Federal Reserve's minutes. Tesla stock raced higher on an upgrade.

Investors Business Daily

Foxconn: Protests break out at world’s largest iPhone factory in China

Foxconn has strict measures for its workers at the factory in Zhengzhou

Evening Standard

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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Al Jazeera

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.

Reuters

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.

StockNews.com

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…

Investors Business Daily

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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news in one place.

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The Independent UK

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

Fortune

‘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.

Benzinga

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

Asharq Al-Awsat

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,…

Reuters

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.

Inverse

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.

Benzinga

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.

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