Taiwan’s Foxconn Technology Group, the world’s largest electronics manufacturer and Apple’s main supplier, has again suspended operations at two of its factories in Kunshan, China, after the Chinese Communist Party (CCP) implemented strict quarantine rules in parts of the country to combat the spread of the Omicron variant of the virus in March. On April 22,…
Shutdown of Foxconn’s Factories in China Threatens Apple’s Supply Chain
April 26, 2022
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Apple Supplier Foxconn Signals Revenue Decline in 2022
Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics and a major Apple supplier, is predicting revenues will potentially dip this year due to continuing supply chain issues. In a March 15 earnings call, Foxconn Chairman Liu Young-way called 2022 a “very challenging year” but said he was “cautiously positive” about this year’s sales outlook. The company…
Apple Supplier Foxconn Halts Operations at Its Shenzhen Sites Due to COVID-19 Lockdown
March 14, 2022
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Foxconn has halted operations in the Chinese business center of Shenzhen after authorities announced a partial lockdown due to a rise in COVID-19 cases across the country, fueled by the highly transmissible Omicron variant. In a March 13 statement, a spokesperson for the Taiwan-based Foxconn, also known as Hon Hai Precision Industry Co., said it was suspending production…
Apple Puts Supplier Foxconn’s India Plant on Notice After Protests
CHENNAI—Apple said it had placed the southern Indian factory of iPhone assembler Foxconn on probation after both companies found that some worker dormitories and dining rooms did not meet required standards. Apple did not explain what probation meant. When it placed the southern India plant of another supplier, Wistron Corp, on probation after unrest last…
Stellantis and Foxconn Announce Partnership for New Line of Automotive Semiconductor Chips
Auto giant Stellantis and Foxconn, the world’s largest electronics manufacturer, announced on Dec. 7 that they will partner to develop and supply a new line of automotive semiconductor chips for the auto industry. Supplies of critical semiconductor chips had been a problem for the auto industry, which led automakers to temporarily close factories. It is hoped…
Young Foxconn Worker Dies After Third Shot of SinoVac COVID-19 Vaccine
A 24-year-old Chinese technician for the Foxconn Group at the Zhejiang Jiashan Science and Technology Park in eastern China died after receiving a third shot of the SinoVac COVID-19 vaccine last month. Relatives have said they suspect that the cause of his death was related to the vaccination. The technician surnamed Cheng graduated from Hunan…
Foxconn Worker Dies After Third Shot of SinoVac COVID-19 Vaccine
A 24-year-old Chinese technician for the Foxconn Group at the Zhejiang Jiashan Science and Technology Park in eastern China died after receiving a third shot of the SinoVac COVID-19 vaccine last month. Relatives have said they suspect that the cause of his death was related to the vaccination. The technician surnamed Cheng graduated from Hunan…
Apple Supplier Foxconn Cautious on 2022 Revenue Outlook
November 12, 2021
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TAIPEI—Apple supplier Foxconn forecast on Friday that a global chip shortage would run into the second half of 2022 and its fourth-quarter revenue for electronics, including smartphones, would fall more than 15 percent. Chairman Liu Young-way said during a conference call that Foxconn was cautious about its 2022 revenue outlook, citing uncertainties surrounding the coronavirus…
Apple Supplier Foxconn Said to Be in Talks With Indonesia for EV Investment
Key Apple Inc. supplier Hon Hai Precision Industry Co. Ltd. and an Indonesian government agency last week held discussions related to a possible electric vehicle investment in the country, Nikkei Asia reported on Sunday. What Happened The Taiwan-based Apple supplier, better known as Foxconn, reportedly plans to build electric vehicles and batteries in Indonesia, both…
Apple Supplier Foxconn Unveils 3 EVs Including Sedan, SUV, Bus: What You Need to Know
Key Apple Inc. supplier Hon Hai Precision Industry Co. Ltd on Monday launched three new electric vehicles at its annual tech day. The three new electric vehicle models include a sports utility vehicle named Model C, a Model E sedan, and a Model T bus. The Taiwan-based Apple supplier, better known as Foxconn, said all…
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