Chinese authorities say their tax and land use probe into iPhone maker Foxconn is unrelated to forthcoming elections, but then cautions firms over "social responsibilities."
Foxconn founder Terry Gou's rival in the Taiwanese elections says China should "cherish" the iPhone assembler, and not try to pressure the firm during an election.
Apple iPhone manufacturer Foxconn says it will cooperate fully with investigations into its business by China's tax authorities.
A profile of Apple's major iPhone factory in India's Sriperumbudur shows the rapid expansion of the facility, and despite recovering from one set of problems, there are still poor working conditions that need to be addressed.
Billionaire Foxconn founder Terry Gou is running for president of Taiwan, and says he "will not bow to China's threats," as any political pressure would disrupt sales to Apple, Tesla, and others.
Foxconn's parent company Hon Hai says it expects iPhone and other smartphone sales to contract overall in 2023, following its latest earnings report.
Apple's artificial intelligence work has now extended to it needing a series of servers for testing, and Foxconn is its exclusive supplier.
Following a calamitous decline in profits for its first 2023 quarter, iPhone manufacturer Foxconn's recovery measures plus increasing demand have greatly helped the latest figures.
Apple's largest iPhone supplier Foxconn is intending to build two new plants in Karnataka, southern India, at a cost of half a billion dollars.
Foxconn rival Luxshare is believed to be the sole assembly partner for the Apple Vision Pro headset, and a new report says its flexibility in prototyping earned it the order.
Even Foxconn has to buy Apple hardware sometimes and reportedly it's spent $33 million on equipment just for its expansion plans in India.
Apple iPhone manufacturer Foxconn has ended its planned joint venture with India's Vedanta company, an almost $20 billion project to boost chip production in the country.
Apple supplier Foxconn is on a hiring spree for the factory that will produce the iPhone 15 and offering bonuses for former employees ahead of new iPhones in 2023.
Apple and Foxconn successfully lobbied India's Karnataka region to extend legal working hours in factories, but labor unions are starting to push back.
The Indian government has announced that it will release land to Foxconn in the southern India state of Karnataka, which will create 50,000 jobs when the planned iPhone plant opens.
Foxconn is offering sign-up bonuses to new employees at its Zhengzhou factory, in advance of its annual busy period when it mass-produces the next model of iPhone.
Luxshare could see significant growth through 2023 and 2024 as Apple helps it build production lines in India while also offering it iPhone 16 Pro Max production.
Foxconn is making an investment of $500 million into new plants in India, a state IT minister tweeted, which will most likely be used in the production of AirPods for Apple.
Apple supplier Foxconn reported a 56% decline in first-quarter net profit, its biggest quarterly fall in three years, falling short of forecasts.
Foxconn is expanding its production in India and Vietnam, with the Apple assembly partner acquiring large stretches of land in both countries.
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William Gallagher
Malcolm Owen
Andrew Orr
Wesley Hilliard
