foxconn

China Restricts iPhone Assembler Foxconn Amid New COVID-19 Outbreaks

Apple’s biggest iPhone assembler Foxconn has been forced to operate within a “closed loop” restricted system for seven days amid new Covid-19 outbreaks in Shenzhen, Bloomberg is reporting. The local government has asked its 100 biggest companies, including Huawei Technologies Co. and ZTE Corp., to restrict operations only to employees living within a closed loop. The authorities...

Apple Supplier Foxconn Hiring More Workers as iPhone 14 Launch Nears

Apple supplier Foxconn has started hiring hordes of new trainees and assembly line workers for its premier iPhone assembly plant in Zhengzhou, China, as the launch of Apple's upcoming iPhone 14 lineup draws closer — reports the South China Morning Post. Foxconn, the world's largest contract manufacturer of electronics, is offering a bonus of 9,000...

Apple Supplier Foxconn Warns of Growth Slowdown Amid Inflation, Lower Demand

Apple supplier Foxconn on Thursday announced T$29.45 billion ($985.48 million USD) in net profit for the first quarter of the year, up 5% but slightly short of analyst estimates of T$29.76 billion — reports Reuters. Foxconn also warned that revenue from its electronics business, including smartphone production, could take a hit as the Taiwanese company's...

Foxconn Pauses Hiring at its Largest Factory in China Due to COVID-19

Apple supplier Foxconn has stopped hiring assembly line workers for its manufacturing facility in Zhengzhou, China, as the local government on Wednesday imposed a seven-day lockdown across the city to curb its latest COVID-19 outbreak — reports the South China Morning Post. The city recorded four new COVID-19 cases and 10 new asymptomatic carriers of...

iPhone Production ‘Proceeding Well’ in Zhengzhou Despite Lockdowns

Despite ongoing lockdowns and restrictions, Foxconn's iPhone production in Shanghai, Zhengzhou is said to be "proceeding well," according to reports. According to managers at Foxconn, cited by Henan Daily, (via MacRumors) Foxconn's assembly of Apple's iPhone is proceeding as the company is experiencing very limited disruptions. Foxconn's assembly plant in the city has been touted...

Apple’s Largest iPhone Factory Faces COVID-19 Lockdown in China

On Friday evening, Chinese authorities placed several areas in the tech production mecca of Zhengzhou — home to the largest iPhone assembly plant in the world, operated by Apple supplier Foxconn — under immediate quarantine (via Bloomberg). Some areas in the Zhengzhou Airport Economy Zone have been placed under quarantine with people not allowed to...

Production at Foxconn’s Shenzhen Plant Resumes as Lockdown Partially Lifts

Foxconn has confirmed that production at its Shenzhen facility has begun to resume following a partial lift of lockdown procedures within the city. Speaking to Reuters, the iPhone maker stated that China is allowing the company to kickstart its production within the Shanghai city once again. In order to resume production and operations, Foxconn's Shenzhen...

Foxconn, Saudi Arabia Reportedly in Talks to Build a $9 Billion Factory

Citing people familiar with the company's plans, The Wall Street Journal is reporting that leading Apple supplier Foxconn is currently in talks with the kingdom of Saudi Arabia to jointly build a $9 billion multipurpose facility. The factory will reportedly produce microchips, electric-vehicle components, and other electronics, such as displays. The Saudi government is said to...

Apple to See ‘Limited Impact’ from Foxconn Factory’s COVID-19 Shutdown in China: Analyst

Despite increased Covid-related restrictions in China, Apple analysts see a "limited impact" from the Shenzhen iPhone factory shutdown. China's efforts to curb its largest COVID-19 outbreak in two years has forced Apple suppliers such as Foxconn to automakers Toyota and Volkswagen to suspend some operations, raising concerns over supply chain disruptions. Multiple Chinese provinces and...