Foxconn's $10 billion facility in Wisconsin for 'knowledge' and not large-scale manufacturing

Apple manufacturing partner Foxconn is re-evaluating what it wants to do with its location in Wisconsin and is saying that the site will be more research-oriented than a manufacturing boom for the region.

Mike Wuerthele 7 years ago 22

Sharp hopes to be OLED panel supplier for future iPhones

Sharp is seeking to enter the iPhone supply chain for models using an OLED display, a report claims, with the Foxconn-owned firm among other vendors expecting to enjoy a boom in OLED panel production and shipments throughout 2019.

Malcolm Owen 7 years ago 3

Foxconn says it will hire 50,000 in China amid claims of iPhone-related layoffs

Apple's main assembly partner, Foxconn, said on Tuesday that it's aiming to hire over 50,000 people across its Chinese factories during the first quarter, which may at least eliminate any worst-case scenarios in the aftermath of weak iPhone sales.

Roger Fingas 7 years ago 4

Apple assembler Foxconn cuts 50,000 seasonal workers ahead of schedule

Apparently impacted by Apple's iPhone demand, some 50,000 seasonal workers have been dismissed from Foxconn since October, a report indicated on Friday.

Roger Fingas 7 years ago 7

Apple assembly partner Foxconn says December revenues down, blames 'consumer category products'

Apple's primary assembly partner, Foxconn, said on Thursday that it saw revenues for the month of December drop 8.3 percent year-over-year, likely a reflection of weak iPhone demand.

Roger Fingas 7 years ago 5

Foxconn might start manufacturing flagship iPhone models in India

Foxconn appears ready to double-down on existing efforts in India and add to Apple's manufacturing options, as it looks to grow iPhone production beyond just low-cost models outside of China.

Andrew O'Hara 7 years ago 34

Apple manufacturer Foxconn not negotiating with Qualcomm over $9B royalties dispute

Foxconn is not in talks to settle an antitrust lawsuit it and other Apple assembly partners have leveled against Qualcomm, with its lawyers readying for a protracted legal battle.

Malcolm Owen 7 years ago 17

TSMC and Foxconn revenues up, contrary to dour iPhone supply chain forecasts

TSMC and Foxconn, two of Apple's major iPhone production partners, have reported street-beating revenue for November, casting some doubt on supply chain reports suggesting component suppliers are struggling following iPhone production cuts.

Malcolm Owen 7 years ago 24

iPhone assembler Pegatron may move to Indonesia over tariff fears

Apple's iPhone assembly partner Pegatron appears to be making a move to Indonesia to sidestep the US/China trade dispute, despite recent news of a truce.

William Gallagher 7 years ago 9

Foxconn mulls Vietnam move for iPhone production to avoid effects of U.S. tariffs

Apple assembly partner Foxconn is reportedly considering the possibility of setting up a new facility in Vietnam, a move that could potentially prevent the iPhone from being hit by tariffs created by the Trump administration in its ongoing trade war with China.

Malcolm Owen 7 years ago 19

Foxconn seeing 'difficult and competitive' 2019, slashing $2.9 billion in expenses

Foxconn is circulating a memo internally that says that it will be implementing a series of cost-cutting moves soon, to combat the effects of what it sees as being an difficult year for the company to continue to grow.

Mike Wuerthele 7 years ago 9

Foxconn may transfer Chinese engineers to Wisconsin LCD plant due to difficult labor market [u]

Foxconn may transfer engineers from China to staff its under-construction facility in Wisconsin due to a lack of appropriate skilled labor in the area, with Apple's assembly partner keen to meet employment targets in order to retain $3 billion in state and local incentives.

Malcolm Owen 7 years ago 29

iPhone XR demand reportedly forcing Apple to cut production expansion plans

Apple, after seeing allegedly poor demand for the iPhone XR, has reportedly told assembly partners Foxconn and Pegatron to stop any preparations the firms are making for new smartphone production lines specifically for the recently-launched model.

Malcolm Owen 7 years ago 70

Apple shifts iPhone XR assembly orders from Pegatron to Foxconn

Apple is reportedly changing its orders for the iPhone XR with its assembly partners, with some production being shifted from Pegatron to rival Foxconn over alleged capacity and component sourcing issues.

Malcolm Owen 7 years ago 5

Share prices of Apple's suppliers in Asia hit following Trump tariff tweet

Share prices of Apple's suppliers in Asia slipped on Monday, after U.S. President Donald Trump tweeted in response to Apple's letter to the U.S. Trade Representative about the proposed Chinese tariffs, with the President calling a shift in production from China to the United States an "easy solution."

Malcolm Owen 7 years ago 0

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