Foxconn signs $37 million chip deal in India
New chip packaging and testing business
Foxconn is teaming up with Indian software and engineering firm HCL Group to set up a chip packaging and testing business in India in a deal worth $37.2 million.
Foxconn expects electronics sales to fall
Apple supplier sees profits slow
Apple supplier Foxconn reported a one per cent drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics.
Foxconn profits fall
Could get worse, but not worth flinging yourself off a building over
Foxconn saw its revenue fall 11.77 per cent year-on-year due to weakness in smart consumer electronics and expects business to drop even more this quarter.
Wants to treat workers like it did in China
Apple and Foxconn, the technology giant's manufacturing partner, have successfully lobbied for landmark labour law reforms in the south Indian state of Karnataka which will enable them to treat workers like they did in China.
Foxconn revenues slump
Nothing to do with Apple
Foxconn, Apple's biggest supplier and contract manufacturer, has seen a slump in revenue due to weaker demand for electronics in February 2023, but the Tame Apple Press has made no mention of Jobs' Mob's sales slumping as being the cause.
This is the end: Foxconn moves to Vietnam
Preparing for Chinese apocalypse now
Foxconn has signed a $62.5 million lease on 45 hectares of land in Vietnam and it continues to shift out of China.
iPhone city workers riot with police
Foxconn accused of not changing wages and mixing infected and uninfected workers
Hundreds of Foxconn workers in China's Zhengzhou district violently clashed with police after the company changed contracts to reduce their salary and mixed workers infected with Covid with those who were not.
Foxconn moves more operations away from China
Wants to avoid zero Covid policy
Foxconn has had a gutsful of China’s zero covid policy and is moving some of its operations to a country which still has cheap labour but whose government does not shut down a region when a worker gets a snuffle.
Workers too terrified to make iPhones after Covid scare
Foxconn locked them in for two weeks
Workers are fleeing the Foxconn in China’s Zhengzhou and swearing that they will never return after being locked in for two weeks under China’s tough zero Covid policy.
Foxconn invests $19.4 billion to make semiconductors in India
China gets problematic
Foxconn will invest $19.4 billion to make semiconductors in India and will work with the mega mining outfit Vedanta to make it so.