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The Latest Breaking News from Foxconn

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

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.

Reuters

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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?

Fortune

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.

Reuters

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.

Reason

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.

Businessweek

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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.

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.

InsideEVs

Apple’s latest patent sparks speculation a foldable iPhone may be in the works

In a bid to recover lost ground, CEO Tim Cook may be planning to launch a competitor to the Samsung Galaxy Z Fold4.

Fortune

How TSMC convinced Apple to ditch Samsung

In 2011, Apple needed to find a replacement for its contract chip manufacturer—rival smartphone maker, Samsung.

Fortune

What it would take for Apple to disentangle itself from China

The tech giant increasingly finds itself beholden to America’s biggest geopolitical rival. But is diversification even possible?

Financial Times

Stock Market Mostly Higher Amid Jobs Report; Tesla Price Cuts, GE Spinoff In Focus: Weekly Review

The stock market hit resistance for much of the week, but rallied Friday on the jobs report and services data. Tesla and GE were big movers.

Investors Business Daily

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

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Investors Business Daily

Nvidia Teams With Apple Partner Foxconn On Self-Driving Cars

Graphics-chip maker Nvidia announced a strategic partnership with Foxconn to develop automated and autonomous vehicle platforms.

Fortune

Chinese cities may be passing peak COVID infections

According to official data, both manufacturing and services activity have contracted for three straight months.

Investors Business Daily

Dow Jones Futures Rise, Tesla Bounces After Market Breaks Key Levels

Dow Jones futures rose early Thursday after major market indexes broke key levels. Tesla kept rebounding after crashing in recent weeks.

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.

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Fortune

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.

Al Jazeera

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.

The Independent UK

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

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. The number of high-risk areas tumbled to around 4,500 on Monday, official data showed, down 85% from more than 30,000 on…

Reuters

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.

Investors Business Daily

Dow Jones Futures Rise With Inflation Data Due; Tesla, Lululemon, 2 Chip Giants In Focus

Futures rose with inflation data due. Tesla China output cuts, Lululemon guidance, and two chip giants' strong results are in focus.

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.

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Christian Schmollinger

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