Foxconn reports second quarter revenue of $48.7B, up 20% year-over-year

Foxconn's revenues in the second quarter of 2021 were up 20% year-over-year because of continued elevated demand of the iPhone and other consumer devices.

Mike Peterson 4 years ago 2

Foxconn, Wistron subsidiaries chosen for $1B manufacturing plan in India

India has chosen Dell, Flex, Wistron's ICT subsidiary, and Foxconn's Rising Stars to take part in a $1 billion incentive plan to boost local manufacturing.

Mike Peterson 4 years ago 2

Vietnam orders Foxconn, Luxshare to close factories over COVID outbreak

Apple suppliers Foxconn and Luxshare have been forced to shut down their factories in northern Vietnam, following a coronavirus increase in the region.

William Gallagher 5 years ago 0

Apple iPhone supplier Foxconn earns $1 billion profits in first quarter

Electronics manufacturer Foxconn, which makes Apple's iPhone 12 range, has reported earning over $1 billion in the first quarter of 2021, beating industry expectations.

William Gallagher 5 years ago 0

Foxconn India iPhone 12 output cut in half from ongoing COVID-19 outbreak

India's latest COVID-19 outbreak is causing production issues for Apple assembly partner Foxconn, with worker infections causing iPhone 12 production to fall to less than half the usual level.

Malcolm Owen 5 years ago 3

Wistron, Foxconn facilities hit by COVID-19 outbreak in India

A pair of facilities in India operated by Apple supply chain partners Wistron and Foxconn were affected by COVID-19 in May, reports state, with a total of 13 employees confirmed to be infected.

Malcolm Owen 5 years ago 0

Foxconn increases bonuses for staff assembling iPhone 12 as demand increases

Major iPhone 12 assembler Foxconn has increased its bonuses for staff on the production line, now offering a one-time $1,158 on top of salaries when workers meet certain conditions.

William Gallagher 5 years ago 6

Foxconn negotiates radically reduced Wisconsin plant deal

Apple iPhone assembler Foxconn has signed a new deal with the state of Wisconsin in which it will pay less than 10% of its original $10 billion commitment.

William Gallagher 5 years ago 0

Foxconn revenues up 44% on iPhone demand, working from home

Foxconn parent company Hon Hai earned $47 billion in the first quarter of 2021, up 44% from last year, reportedly on demand from home workers buying iPhone 12 models.

William Gallagher 5 years ago 0

Global chip shortage could last until the middle of 2022, foundries say

The global semiconductor shortage wreaking havoc on industries across the globe could last until 2022 before supply begins to meet demand, though Apple could avoid the worst of it.

Mike Peterson 5 years ago 0

Foxconn profits lower than expected, material shortages & supply chain delays to blame

Apple contracting partner Foxconn saw a 4% decline in 2020's fourth quarter year-over-year, citing the widespread issues caused by the coronavirus pandemic as the primary reason.

Amber Neely 5 years ago 1

Apple could use Foxconn to assemble an 'Apple Car'

Following reportedly unsuccessful talks with existing car manufacturers, Apple may be considering using existing suppliers, such as Foxconn, for the production of the "Apple Car."

William Gallagher 5 years ago 44

Apple could shift 10% of iPhone 12 production from China to India

Apple is preparing to move up to 10% of production for the iPhone 12 from China to India, reports claim, with assembly partner Foxconn said to be working on units for sale within the country and for the export market.

Malcolm Owen 5 years ago 6

Apple partner Foxconn working with Fisker to produce electric vehicles by 2023

Electric vehicle manufacturer Fisker will join forces with Apple's main iPhone manufacturer Foxconn to produce more than 250,000 electric vehicles a year, starting in 2023.

Amber Neely 5 years ago 5

Apple suppliers paying staff to skip Chinese New Year over coronavirus fears

Apple's major manufacturing suppliers in China are offering incentives to workers who agree not to go home for the traditional Lunar New Year in February because of the coronavirus.

William Gallagher 5 years ago 1

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