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Foxconn

Apple’s decision to manufacture its iPhone 16 series in India marks a significant shift in its strategy, diversifying its supply chain away from China amid geopolitical tensions. Photo: Shutterstock

China no longer Apple of iPhone maker’s eye, as it shifts assembly to India

The move reflects a broader trend of companies moving production away from China, with India emerging as a key beneficiary.

The move reflects a broader trend of companies moving production away from China, with India emerging as a key beneficiary

12 Sep 2024 - 1:11PM

Apple to hold ‘Glowtime’ iPhone 16 launch event on September 9

27 Aug 2024 - 10:26AM

World’s largest iPhone factory loses momentum amid supply chain shifts

22 Aug 2024 - 2:06PM

Don’t be ‘smug’, Chinese state media warns after Foxconn’s billion-yuan HQ plans

Apple’s manufacturer in China bucked a trend of declining investment with its big plans for Henan province, but a ‘complicated’ environment is seen reflecting how slower growth will be ‘the new trend’.

19 Aug 2024 - 8:59AMvideocam

Foxconn recent announced plans to spend 1 billion yuan (US$139 million) on a new headquarters in China’s Henan province. Photo: Reuters

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Foxconn expects revenue to grow in the current quarter and for the rest of year, boosted by demand for AI servers used in data centres.

14 Aug 2024 - 4:33PMvideocam

Foxconn adds 50,000 workers in Zhengzhou before iPhone 16 launch

The assembler, also known as Hon Hai Precision Industry, recruited more than 50,000 workers in Zhengzhou over the past two weeks, according to Chinese media reports

11 Aug 2024 - 5:45PM

China’s supply chain under scrutiny amid report HP moving PC production

HP, the world’s second-largest personal computer vendor, has denied a report that it was shifting more than half of its production away from China.

8 Aug 2024 - 9:00PM

HP says its personal computer manufacturing operations in mainland China “remains pivotal”. Photo: Shutterstock

New Foxconn deal shows how Chinese provinces are coping with waning confidence

Foxconn will splash out on EV projects and set up robotics industrial bases in mainland China amid geopolitical risks and supply-chain disruptions.

16 Aug 2024 - 4:06PMvideocam

Apple supplier Foxconn starts building EV plant in China’s Zhengzhou city

Foxconn Technology Group, which runs the world’s largest iPhone factory in Zhengzhou, has broken ground on a ‘trial’ electric vehicle plant in the city.

24 Jul 2024 - 5:30PM

Can Modi’s US$15.2 billion chip bet turn India into a semiconductor powerhouse?

India is hoping massive subsidies can help it establish a self-reliant semiconductor ecosystem, but experts say it must overcome big hurdles.

23 Jul 2024 - 1:54PMvideocam

Researchers working inside the semiconductor fabrication lab at the Centre for Nano Science and Engineering at the Indian Institute of Science in Bangalore. Photo: AFP

Foxconn’s China factories on hiring spree ahead of iPhone 16 launch

Apple’s next smartphone upgrade is one of its most anticipated in recent years because all new models are expected to support AI features.

12 Jul 2024 - 7:00AM

Foxconn is ramping up recruitment for workers responsible for assembling iPhones. Photo: Shutterstock

iPhone manufacturer Foxconn to invest in two projects in Vietnam

The Taiwanese company has been granted approval to produce smart entertainment products and smart-system equipment at the new facilities.

5 Jul 2024 - 1:10PM

Indian officials visit Foxconn iPhone plant, question executives about hiring

Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives about the company’s hiring practices, an official said.

4 Jul 2024 - 11:50AM

Foxconn hits 8-year stock target set out by founder Terry Gou

‘The AI wave lifts all boats,’ says one analyst, as shares of Hon Hai Precision Industry reach NT$200.

19 Jun 2024 - 1:45PM

Foxconn Technology Group founder Terry Gou Tai-ming. Photo: AFP

Hong Kong unicorn SmartMore is the city’s new hi-tech poster child

Established by a Chinese University of Hong Kong professor in 2019, SmartMore has been tasked with boosting the city’s technology ecosystem.

13 Jun 2024 - 9:30AM

From left to right, SmartMore founder Jiaya Jia, Financial Secretary Paul Chan Mo-Po , and HKIC CEO Clara Chan Ka-chai. Photo: Sun Yeung

‘The computer will now generate skill’: Nvidia CEO on near-future technology

Ahead of the opening of Taiwan’s Computex trade show, the Nvidia chief executive presented how ‘AI factories’ and ‘physical AI’ would help transform industries.

3 Jun 2024 - 6:27AMvideocam

Apple supplier Foxconn misses March quarter estimates amid China iPhone downturn

Foxconn reported a net profit of US$679 million in the first quarter, which missed analysts’ average estimate of US$897 million.

14 May 2024 - 7:51PMvideocam

Foxconn sees record April sales with 19% jump, offers positive Q2 outlook

Foxconn, the largest assembler of Apple’s iPhone, said it expects a rise in second-quarter sales as the smartphone market rebounds.

6 May 2024 - 10:58AMvideocam

Foxconn is forecasting positive growth in the second quarter during a traditional off-peak season. Photo: Shutterstock

Apple supplier Foxconn sees second-quarter revenue growth, record April sales

Foxconn, the world’s largest electronics contract manufacturer, expects its second-quarter financial results to show both quarter-on-quarter and year-on-year growth.

5 May 2024 - 5:08PMvideocam

Taiwan semiconductor firm KYEC to exit mainland China amid geopolitical tensions

King Yuan Electronics Co, one of the world’s largest chip testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou in eastern China.

29 Apr 2024 - 8:00PM

China’s Henan province sees drop in smartphone exports amid supply chain changes

Henan, home to the world’s largest iPhone factory, saw smartphone exports reach 6.65 million units in the first quarter, down 60.1 per cent from the same period last year.

26 Apr 2024 - 7:00AM

Apple’s suppliers, including primary iPhone assembler Foxconn Technology Group, are boosting production in countries like Vietnam and India. Photo: Shutterstock

Apple CEO visits Vietnam as supply chain shift stirs unease in China

During Tim Cook’s visit, Apple says it will raise investments on suppliers in the Southeast Asian country.

15 Apr 2024 - 9:30PMvideocam

Apple CEO Tim Cook in downtown Hanoi during his visit to Vietnam on Monday. Photo: AFP

Apple supplier Foxconn considers rotating CEOs, similar to Huawei

Senior Foxconn managers have discussed the rotating CEO plan for several months, three sources with direct knowledge of the matter say.

15 Apr 2024 - 6:23PM

Wall Street hunts for next wave of AI winners beyond the US

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options.

7 Apr 2024 - 11:20PMvideocam

Foxconn expects big revenue jump in 2024 after slow start to the year

Foxconn’s new estimate is rosier than previous statements about ‘conservative and neutral’ expectations for 2024.

14 Mar 2024 - 8:26PM

Foxconn is painting a rosier picture for 2024 after a bumpy start to the year. Photo: Shutterstock

Luxshare’s chairwoman says Apple supplier will provide solutions

China’s Luxshare is a key assembler of Apple products including AirPods, the iPhone and Vision Pro.

11 Mar 2024 - 7:00PM

Apple’s operating chief makes rare Taiwan visit for Foxconn gala

Jeff Williams was a guest of honour at a gala celebrating the iPhone assembler’s 50th anniversary, also attended by SoftBank CEO Masayoshi Son and Arm boss Rene Haas.

21 Feb 2024 - 1:24PM

India awards one of its highest civilian honours to Taiwanese Foxconn CEO

The recognition comes as Prime Minister Narendra Modi tries to portray India as Asia’s next manufacturing hub as some supply chains move away from China.

26 Jan 2024 - 5:42AM

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Foxconn

Trading as Foxconn, Hon Hai Precision Industry is the world's biggest maker of electronic components by revenue. Primarily an original equipment manufacturer, the company is best known as a supplier to Apple, but also counts Microsoft, Amazon, HP and Sony among its clients. Foxconn has also sought to break into new sectors, including electric vehicles and space satellites. Over the years, the company has been embroiled in a number of controversies over pay to its workers and employee suicides.

last updated:

27 August, 2024