Foxconn’s promised $10 billion LCD plant in Wisconsin isn’t happening. At least, not on anywhere close to the same level that was promised back in the summer of 2017.
The Apple contract manufacturer previously received a “record-setting incentives package” for a plant that would create 13,000 jobs. Now, the Wall Street Journal reports, Foxconn has renegotiated the deal — and will invest a total of $672 million by 2025 and create just 1,454 jobs in the region.
Apple manufacturer Foxconn’s first quarter revenue soared by 44%, Bloomberg reports. The publication pins the increased cashflow on “robust demand” for the iPhone 12.
Revenue for the first three months of 2021 increased to $47 billion, Foxconn reported Tuesday. In addition to the massive success of the latest iPhones, the high earnings also reflect demand for devices like video games consoles, servers, electric vehicles as well.
After talks with potential automotive partners stalled, Cupertino could stick with its key iPhone manufacturer to produce an Apple car, a Thursday report from Bloomberg suggests.
This would mark a big change in Apple’s strategy for breaking into the auto industry. The company previously looked to hook up with an established automaker — albeit seemingly with Apple receiving top billing.
A deal between Foxconn and Fisker might eventually lead to Apple having its self-driving car produced by the same company that assembles iPhones.
Electric vehicle-maker Fisker agreed on Wednesday to team up with Foxconn to develop a “breakthrough electric vehicle.” Foxconn will manufacture the car.
“Made in India” iPads are one step closer, as the country’s government has approved an incentive plan that could benefit the likes of Apple, Reuters reports.
Apple is reportedly investigating Foxconn regarding concerns that workers at its plants are overworked and underpaid.
Foxconn remains, for better or worse, Apple’s best-known contract manufacturer. While Foxconn, which employs around 1 million people, has far more clients than just Apple, it is most closely associated with the Cupertino tech giant.
An Apple car could ship in 2025, and will be “positioned as a very high-end” model in terms of pricing, claims TF International Securities analyst Ming-Chi Kuo.
Kuo doesn’t give a dollar figure. But he writes that the sticker price, as well as the cost of Apple car components, will come in much higher than a those for a regular electric vehicle.
Foxconn is building a $270 million factory in Vietnam, likely in response to Apple’s desire to move some iPad and MacBook production out of China.
Apple manufacturer Foxconn is setting up an automotive arm, just as Cupertino is reportedly gearing up to build an Apple Car. This could make Foxconn a prime manufacturing partner, much in the same way that the Taiwanese company currently assembles iPhones and other devices for Apple.
Foxconn, Apple’s largest supplier, looks to be getting in on the electric vehicle business. According to a Monday report from Bloomberg, the Taiwanese manufacturer is in talks to invest in Chinese EV startup Byton.
Foxconn reportedly plans to invest around $200 million in the company to begin mass-manufacturing the anticipated Byton M-Byte car by Q1 2022. An announcement could come as early as today.
Apple has reportedly asked Foxconn to shift some iPad and MacBook production from China to Vietnam. The move is said to be a precautionary measure designed to minimize any impact of ongoing trade tensions between the U.S. and China, sources say.
Apple has asked a number of manufacturing partners to begin building foldable iPhone prototypes, according to a new report. Foxconn and Nippon Nippon have been tasked with providing samples for testing.
It is believed the first foldable iPhone could make its debut as early as 2022.
Apple’s partnership with Foxconn, its largest manufacturing partner, is “eroding” as a result of the supposedly shady tactics that Foxconn is using in an effort to boost profits, according to a new report.
It is claimed that Foxconn has exaggerated hiring counts, used Apple equipment to produce orders for other companies, and cut corners on component and product testing.
Foxconn, Apple’s biggest manufacturing partner, is reportedly developing its own augmented reality (AR) smart glasses. These will be used in retail, smart factories, and smart medical care.
The AR glasses will utilize micro LED displays, one of the next-gen display technologies that Apple plans to use in future products. Apple is also said to be hard at work on its own AR glasses, tentatively dubbed “Apple Glass.”
Production is running full-tilt for the iPhone 12, the South China Morning Post reported Tuesday.
According to the publication, production is running 24 hours per day, with no vacations allowed and mandatory overtime. There are also “juicy bonuses” for employees who put in the time.
Apple manufacturer Foxconn said Wednesday that it plans to split its supply chain in two. One segment will service the China market, while the other will focus on the United States.
Foxconn chairman Young Liu said the manufacturing giant now operates 30% of its capacity outside China, up from 25% last June. In recent years, the company began moving manufacturing to other regions such as Southeast Asia to avoid possible tariffs on Chinese goods headed to the United States.
Yet another major Apple contract manufacturer is embracing India as a possible location for building iPhones. According to Bloomberg, Pegatron is the third major iPhone maker — after Foxconn and Wistron — to explore setting up a plant in India.
Foxconn has reportedly started trial production on polarized, semi-transparent AR lenses that could be used for Apple Glass, according to The Information.
The Friday paywalled report says the lenses are between one and two years away from entering mass production. However, they have already passed the prototyping phase, having been in development for three years.
Apple contract manufacturer Foxconn has successfully resolved an issue that was stopping its component shipments from China being imported to India, amid tensions between the two nations.
Customs officials were holding shipments from China following violent incidents at the Himalayan border, which is shared by China and India. This was reportedly causing problems for Foxconn, which carries out iPhone manufacturing (among other things) in both countries.
For better or worse, Foxconn has long been the contract manufacturer most associated with Apple — but Apple is looking to reduce its reliance on the company, a report published Wednesday claims.
Nikkei Asian Review notes that Apple is pushing one of its Chinese AirPods assemblers to make a “major investment” in an iPhone and MacBook metal casing provider. This could help make it a viable alternative to Foxconn, the world’s biggest electronics contract manufacturer.
Foxconn is back up and running (and raking in the cash) after the coronavirus pandemic eased in China. But Apple’s biggest supply manufacturer is taking precautions to avoid a COVID-19 recurrence while it races toward delivering the iPhone 12 as promised.
According to a Wednesday report, at Foxconn’s primary iPhone factory in Zhengzhou, numerous strict measures have been put in place for employees. The local government seems to have stipulated these measures.
Foxconn, Apple’s largest manufacturing partner, has reported a whopping 59.9% increase in revenue for March 2020 as production ramps up following COVID-19 disruptions.
It’s not all good news for Apple fans, however. One report warns that while some facilities are running at full throttle, plans for some new products have been scuppered by travel restrictions.
Apple contract manufacturer Foxconn is going to join the fight against the coronavirus by developing and manufacturing ventilators in the United States, a Wednesday report by Bloomberg and Reuters claims.
Foxconn has confirmed the news, although it has not said where it will make the medical equipment. According to Medtronic, Foxconn’s partner in the endeavor, they will be built in Foxconn’s controversial Wisconsin plant.
The world’s biggest electronics contract manufacturer and Apple’s biggest supply chain partner has reassured investors that it can ready the 5G-capable iPhone 12 in time for a fall debut.
Major Apple supplier Foxconn’s net profit plummeted 23.7% in the fourth quarter of 2019, the company has revealed.
While Foxconn has been hit hard by COVID-19, this period actually ends before the extent of the coronavirus became clear. The quarter in question ended December. The earliest known infection of coronavirus occurred on 17 November 2019 in Wuhan, China.
