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India 360: China Logs More Than 31,000 New COVID-19 Cases; Violence Breaks Out At China Iphone Factory, Foxconn
Thu, Nov 24, 2022
Corona cases have started increasing again in China. More than 31,000 Covid cases were detected in China on November 23. Due to this, lockdown has been imposed in many cities in China. China is strictly implementing the zero-Covid policy. Many companies suffered losses due to the strict zero-Covid policy imposed in China. Covid testing became mandatory in public places. Workers protested violently at the world's largest Apple iPhone factory in China. This protest started overnight over unpaid wages and fears of spreading infection. Watch this special report on India 360.
China iPhone factory violence case news: Apple supplier apologises for hiring blunder at COVID-hit plant
Thu, Nov 24, 2022
China iPhone factory violence case news: Workers said on videos circulated on social media that they had been informed that Foxconn intended to delay bonus payments. Some workers also complained they were forced to share dormitories with colleagues who had tested positive for COVID.
Anil Agarwal says production at Vedanta-Foxconn semiconductor plant to start in 2.5 years of groundbreaking
Sun, Nov 13, 2022
Vedanta-Foxconn would invest Rs 1,54,000 crore to set up the facility in Gujarat, which would create one lakh job opportunities, Chief Minister Bhupendra Patel had said after the MoU was signed.
Foxconn's Bharat FIH gets Sebi nod to float Rs 5,000 cr IPO
Mon, Jun 13, 2022
Bharat FIH, the device making company for Xiomi and Nokia gets permission from SEBI to raise 5000 crores through IPO.
Apple puts iPhone assembler supplier Foxconn's India plant on notice after protests
Wed, Dec 29, 2021
Apple said it had placed the southern Indian factory of iPhone assembler Foxconn on probation after both companies found that some worker dormitories and dining rooms did not meet required standards.
Foxconn India plant shut for 3 more days after week-long closure: Source
Mon, Dec 27, 2021
Apple supplier Foxconn`s plant near Chennai in India will stay shut for three more days, a senior government official said, extending a week-long closure following workers` protests sparked by a food poisoning incident.
Foxconn's India unit Bharat FIH files for Rs 5000 crore IPO
Wed, Dec 22, 2021
Hong Kong-listed FIH Mobile Ltd`s India unit Bharat FIH Ltd filed for an initial public offering of up to 50.04 billion rupees ($662.97 million) on Wednesday, according to its draft prospectus.
In Pics - Foxconn Electric Cars: Company that manufactures Apple iPhones will now produce EVs - Check details
Mon, Oct 18, 2021
Foxconn Electric Car: Foxconn, the Taiwanese company that manufactures smartphones for Apple Inc and other global brands, will now produce electric cars on a similar contract model, as per a PTI report. Let us find out the interesting facts about Foxconn's new venture.
Apple supply chain creates 20,000 jobs in India - check more hiring plans from Foxconn and Wistron
Fri, Jun 11, 2021
Apple supply chain's shift of operation to India, in line with the incentives provided by the government, has reportedly created around 20,000 job in the country to date. According to a report in DigiTimes Asia, the number could have been higher were it not for the Covid-19 pandemic.
Foxconn sees full China production resuming late-February - source
Thu, Feb 06, 2020
Taiwan`s Foxconn <2317.TW> aims to gradually restart operations at factories in China next week but it could take one to two weeks from then to resume full production due to the coronavirus outbreak, a person with direct knowledge of the matter said
Foxconn Chairman Terry Gou hands over reins to the new committee
Fri, Jun 21, 2019
Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world`s largest electronics contract manufacturer to a new operations committee.
Foxconn's Gou says may run for Taiwan president, step back from daily business
Tue, Apr 16, 2019
Taiwan is gearing up for presidential elections in January at a time of heightened tensions across the Taiwan Strait, with Chinese bombers and warships conducting drills around the self-ruled island on Monday.
Apple iPhone mass production to start in India soon; Foxconn chairman invited by PM Modi: Report
Mon, Apr 15, 2019
The mass production of Apple's iPhones will start in India this year. According to a report by Bloomberg, the chairman of Taiwan's Foxconn, which assembles iPhones, has confirmed the development.
Foxconn to begin assembling top-end Apple iPhones in India in 2019 - source
Thu, Dec 27, 2018
Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter.
Foxconn to build $9 bln chip plant in China with local govt: Nikkei
Fri, Dec 21, 2018
Taiwan`s Foxconn, Apple Inc`s iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about $9 billion, the Nikkei business daily reported on Friday.
Apple''s Asia suppliers fall on report it cancelled production boost for iPhone XR
Tue, Nov 06, 2018
Apple Inc`s Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.
Shopping, video, games app user base to increase by 60% in 2019: Momagic
Sun, Nov 04, 2018
Mobile applications in the category of shopping, video and games are expected to see 60 per cent more users by 2019, according to a report published by Foxconn and Mediatek funded apps distribution firm Momagic.
Foxconn imagines life beyond Apple but faces major risks as it diversifies
Wed, Jun 06, 2018
Foxconn, which kicks off a three-day event on Wednesday to celebrate its 30 years doing business in China, already does much more than assemble goods for others.
Apple supplier Foxconn posts 14.5 percent drop in first-quarter net profit
Mon, May 14, 2018
Taiwan`s Foxconn, the world`s largest contract electronics maker and a key Apple supplier, posted a 14.5 percent fall in first-quarter net profit on Monday, lagging estimates despite a strong quarter for the U.S. iPhone maker.
Foxconn unit luring cornerstone investors for Shanghai IPO
Mon, May 14, 2018
Foxconn Industrial Internet is yet to finalise the size of the initial public offering (IPO), but it plans to use the proceeds to finance investments totalling 27.3 billion yuan ($4.3 billion) on areas including cloud computing, data centre and 5G related projects, according to the prospectus filed on Monday.