Foxconn to quadruple iPhone factory workforce in India
Foxconn is reportedly planning to greatly increase iPhone in India, quadrupling its workforce over the next two years.
Foxconn is reportedly planning to greatly increase iPhone in India, quadrupling its workforce over the next two years.
The largest iPhone manufacturer, Foxconn, has revealed that China's coronavirus lockdown measures have severely hit its earnings estimates and expected revenue growth.
A new report alleges that Foxconn downplayed the severity of its recent COVID-19 outbreak and that its actions led to a stricter lockdown.
Despite COVID-related supply chain issues and Apple warning of lower shipments of the iPhone 14 Pro, Wedbush insists that investors should maintain their holding in Apple.
Apple has finally confirmed that the Foxconn assembly facility in Zhengzhou, China responsible for iPhone 14 Pro production has reduced its output following a regional COVID-19 outbreak.
Analyst Ming-Chi Kuo claims that Foxconn is to step up its iPhone production in India, specifically to overcome delays caused by China's COVID lockdowns.
China has ordered a seven-day lockdown in Zhengzhou, home to a major Foxconn factory, after a COVID-19 outbreak swept through the industrial park.
In the wake of reports of employees fleeing Foxconn's biggest iPhone factory, the assembly partner has significantly raised pay for staff who are choosing to accept the closed-loop measures during a COVID outbreak.
Workers at Foxconn's major iPhone factory in Zhengzhou, China are choosing to leave the facility currently operating as a closed-loop during a COVID outbreak, with social media showing employees traveling home instead of staying.
Foxconn's COVID-19 outbreak in a major iPhone factory could impact production by up to 30%, but the assembly partner is attempting to use other facilities to keep production up.
A COVID-19 outbreak at Foxconn's main iPhone assembly plant has forced it to change plans to seasonally reduce production, postponing the slowdown while it deals with closed-loop production changes.
Despite enhanced precautions and frequent screening for COVID prevention, Foxconn's main iPhone production facility is dealing with an outbreak.
Foxconn set new records for sales in September, making Apple's main assembly partner "cautiously optimistic" ahead of its fourth-quarter results.
Apple has announced that, as expected, facilities in India are now producing part of the new iPhone 14 range for local sale.
The hottest conditions in China for more than 60 years caused authorities to close down factories to conserve electricity, but now Foxconn has been able to resume iPad production.
Key Apple supply chain partner Foxconn is planning on investing $300 million to expand its manufacturing facility in Northern Vietnam in an effort to boost production.
Production of the iPad could be impacted by power outages instigated by a rationing of electricity by a Chinese province during the worst heatwave in 60 years.
Foxconn is expected to expand one of its factories in India to enable iPhone manufacturing, thus increasing production capabilities in the country.
The Chinese authorities have ordered iPhone assembler Foxconn to operate under a tightly restricted "closed loop" system for a week in the latest attempts to combat the coronavirus.
Continued competition for employees among manufacturers means that Foxconn's summer hiring spree for iPhone 14 workers again comes with higher bonuses.
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