The second half of the year will be better
Taiwan's Foxconn said the second half of the year is heading "in a better direction" as Shanghai's COVID-19 lockdown appears to be easing.
$300 million a year
For five years, Foxconn failed to build a much-hyped sprawling factory in Wisconsin and now local politicians fear that they will be saddled with a $300 million a year bill to maintain a site that the outfit walked away from.
Avoiding Corona crisis
Foxconn says that it has managed to avoid the worse of China’s draconian Covid crackdown in Kunshan city by moving production elsewhere.
Human rights not applied
Foxconn which assembles Apple iPhones, is in talks with Saudi Arabia about jointly building a $9 billion multipurpose facility.
Puts company on probation
Fruity cargo cult Apple has realised that Foxconn’s poor treatment of women workers in its Indian plant is doing the same sort of PR damage it saw when there were similar problems in China.
Police in India have released dozens of those detained for blocking a key highway in a protest against food poisoning at the Apple supplier Foxconn.
Tame Apple Press concerned
Foxconn has predicted that a global chip shortage would run into the second half of 2022 and its fourth-quarter revenue for electronics, including smartphones, would fall more than 15 per cent.
Keen to drive away from Apple dependence
Foxconn unveiled its first three electric vehicle prototypes, which are being seen as part of its ambitious plans to diversify away from its role of building consumer electronics for Apple.