Foxconn expecting strong earnings because of iPhone 12, will continue US investments
Main iPhone supplier Foxconn says that it will continue to invest in the United States as it sees continued demand for the iPhone 12 in the holiday quarter.
Main iPhone supplier Foxconn says that it will continue to invest in the United States as it sees continued demand for the iPhone 12 in the holiday quarter.
In the midst of a changing relationship with Apple, Foxconn has sometimes resorted to methods like exaggerating hiring counts to cut costs and boost margins.
Apple supplier Foxlink will begin ramping up cable production later in 2020 from a new plant in India, as manufacturers hurry to set up a supply chain outside China.
A Wisconsin state report on Foxconn's troubled factory concluded that the project shows no sign of actual LCD manufacturing, and likely never will.
Ahead of the iPhone 12 and iPhone 12 Pro launch, Apple supply chain partner Foxconn is on a hiring spree to find staff for its largest smartphone factory.
Wisconsin state officials have reportedly rejected Foxconn's application for tax subsidies because the company's plans for a factory in the state were smaller than initially proposed.
The Indian government on Tuesday said it was going to approve incentives to 16 companies, including a trio of top Apple suppliers, under a new plan to boost domestic smartphone production.
Apple assembly partner Foxconn is pushing its "iPhone 12" production lines hard, with staff at the largest iPhone factory in China enduring mandatory overtime and canceled holidays to keep production running around the clock.
A trio of Apple's most prominent supply chain partners reportedly plan to invest $900 million in India to leverage local production incentives and increase the production of iPhones in the country.
Apple has increased production of the Apple Watch Series 6 and Wi-Fi iPad series amidst growing U.S.-China tensions.
Apple's iPhone assembly partners in India are expected to benefit from the country's $6.6 billion Production-Linked Incentive Scheme, an initiative to encourage the production of smartphones in the region.
Apple's assembly partners are reportedly considering the possibility of opening up new factories in Mexico, in what could be an attempt by Apple to diversify its supply chain further away from China.
As it announces better than expected financial results, Apple supplier Foxconn is also reportedly planning to increase moving production away from China.
Apple supplier Foxconn has reported second quarter revenues of $778.54 million, considerably above predictions. The company credits coronavirus telecommuting demand for the increase.
Foxconn has commenced its annual recruiting drive to bring on more staff to its facilities in China, in preparation for the start of mass production for the "iPhone 12."
An inconsistent report claims that unnamed Apple manufacturing partners are moving six iPhone production lines to India, as part of an increasing trend to relocate from China.
Apple's assembly partners Foxconn, Pegatron, and Wistron have all applied to participate in India's $6.6 billion Production-Linked Incentive Scheme, in a bid for benefits for increasing production of smartphones in the country.
The company's plant near Chennai has previously made the iPhone XR, but this is the first time Foxconn has made any of the iPhone 11 range in the country.
The sale of an iPhone factory owned by Wistron to Luxshare may be a long-term problem for rival Apple supply chain partners Hon Hai and Pegatron, JP Morgan reckons, with the purchase likely to help Wistron increase its involvement in iPhone production further.
In an attempt to secure a place in the iPhone supply chain, AirPods supplier Luxshare has purchased an iPhone plant for $472 million dollars.
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