Foxconn starts Silicon Valley invasion with new AI company

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Foxconn AI
Foxconn founder Terry Gou, right, plans to bring a new AI-centered company to the Silicon Valley.
Photo: Voice of America/Wikimedia Commons

Foxconn Technologies is starting a new company in California’s Silicon Valley to concentrate on artificial intelligence for factory floor automation.

The plan comes as Foxconn looks for ways to deal with the slowdown of smartphone sales globally, demands for higher wages and a changing workforce that is sidestepping manufacturing. Foxconn assembles thousands of iPhones and iPads and is among Apple’s biggest contractors.

Here’s how much each country makes off the iPhone 7

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iPhone-7
The major components for the iPhone 7 come from a variety of counties. Most at of the profit still goes to the U.S.
Photo: Ste Smith/Cult of Mac

The iPhone is made in China, so most of the profit stays over there, right? Actually, everything in that sentence is wrong.

A new study finds that China makes less than $9 from each iPhone 7. Some of the rest goes to other Asian countries, but the lion’s share is earned by Apple and other U.S. companies.

Trump praises Apple at groundbreaking for Foxconn’s U.S. plant

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Donald Trump speaks to supporters at an immigration policy speech at the Phoenix Convention Center in Arizona.
At a groundbreaking ceremony for the Wisconsin Foxconn plant, President Trump applauded Apple's contribution to the U.S.
Photo: Gage Skidmore/Flickr CC

A groundbreaking ceremony today for a huge Foxconn plant was attended by President Trump. Foxconn is best known for assembling the iPhone, but this plant in the Midwest will produce LCD screens.

Although Apple isn’t directly involved with the production facility, the president still used his speech this morning to applaud the iPhone maker.

Foxconn scores generous benefits package for first U.S. factory

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Foxconn
Wisconsin is offering a super generous package to attract Foxconn.
Photo: CBS

Wisconsin will be the site of a new display factory built by Apple manufacturer Foxconn — but local residents will be paying for it.

According to a new report, Wisconsin residents will be coughing up an extra $1 billion on top of the existing $3 billion package of subsidies to attract Foxconn to the area. This “sweetener” will come out of public funds, and will leave the state “on the hook” for 40 percent of the public bonds which finance local expenses should the project flop.

iPhone maker slams China’s overtime caps

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Foxconn
Foxconn's CEO says China's overtime rules are too strict.
Photo: Foxconn

Foxconn could assemble even more iPhones if China eased restrictions curbing factories from abusing overtime, the company’s CEO says.

Billionaire Terry Gou says China’s rules on overtime keep workers from earning more and puts limits on Foxconn’s competitive edge.

Foxconn is establishing a corporate HQ in the U.S.

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Foxconn
Foxconn is growing its presence in the United States.
Photo: CBS

Long time Apple manufacturer Foxconn has revealed that its U.S. corporate headquarters will be located in Milwaukee, Wisconsin.

This is close to its proposed U.S. factory in Wisconsin, which will reportedly be used for producing smartphone displays for clients. Foxconn is building a sprawling $10 billion campus in the area as part of President Donald Trump’s bid to bring manufacturing jobs back to the U.S.

Smart toilets might keep Apple manufacturer flush

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Foxconn
Foxconn is planning for life after Apple.
Photo: CBS

Foxconn has been working with Apple for the past couple of decades, and together they have raked in billions of dollars. However, with smartphone sales plateauing and Apple looking to broaden its supplier base, Foxconn is trying to reinvent itself.

Speaking at a 30th anniversary event for the manufacturing giant on Wednesday, founder Terry Gou described how Foxconn plans to get further into making its own hardware as well as embracing software options like cloud computing. Including one slightly unusual idea.

Apple’s biggest manufacturer is buying Toshiba’s PC business

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Toshiba
Toshiba was once a leader in the PC industry.
Photo: Toshiba

The Foxconn-owned Sharp Corp. has agreed a deal to acquire an 80 percent share in Toshiba’s PC business. Foxconn currently assembles Macs for Apple, while Sharp is an iPhone display maker.

The move won’t compete directly with Apple, although it puts Foxconn and Sharp in charge of a company which, at its 2011 peak, sold 17.7 million PCs in a year. That number fell to just 1.4 million units last year. Toshiba led the world in producing some of the earliest laptops. Its first laptop launched in 1985.

Apple has a new plan for cutting down manufacturing costs

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MacBook butterfly keyboard
Apple is now handling ordering for even tiny components like MacBook screws.
Photo: Apple

Apple is known for exerting a lot of control over the manufacturing of its products, and it’s reportedly set to ramp up this control even further.

Beginning with its new MacBook models, Apple will reportedly carry out direct pricing negotiations for the screws and assorted non-key metallic and plastic parts used on its devices, which are currently purchased directly by its contracted supply partners.

Today in Apple history: Apple probes Foxconn suicides

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Apple faces criticism for conditions on the iPhone production line in Foxconn factories.
Apple faces criticism for conditions on the iPhone production line.
Photo: SACOM Hong Kong/Flickr CC

May 25: Today in Apple history: Apple responds to Foxconn suicides May 25, 2010: Apple opens an investigation into a string of suicides at Foxconn, its Chinese manufacturing partner.

After reports of a ninth death at a Foxconn factory, Apple says it is “independently evaluating” Foxconn’s response. Cupertino vows to take a long, hard look at the facilities that manufacture its products. It’s a tough challenge for Apple to deal with — and Steve Jobs’ controversial comments don’t exactly help.