Tag: foxconn
Apple puts contract partner Wistron on probation after violence at India plant
Apple has placed its contract manufacturing partner Wistron on probation and won’t give the Taiwanese firm any new business until it takes “complete corrective actions” following lapses at its southern India plant earlier this month. The iPhone maker said on Saturday that its employees and independent auditors hired by the…
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Foxconn could move some iPad and MacBook production to Vietnam
Following a request from Apple, Foxconn could be shifting production out of China for some iPad and MacBook models according to a report from Reuters. The new assembly lines would be based in Vietnam. As a recent investigation from The Information highlighted, both companies are intrinsically connected. The Taiwanese manufacturer…
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Apple may move some production to Vietnam to avoid trade tensions
Your next Apple device might not come from China. A Reuters source claims Apple’s primary contract manufacturer, Foxconn, is moving some iPad and MacBook production to Vietnam to diversify production and reduce the potential damage from the ongoing t… Source
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U.S.-China trade enters new era after overnight Huawei, Foxconn, and TSMC announcements
There has been a steady drumbeat of news on the U.S.-China trade front since the start of the Trump administration. President Trump has made decoupling from China’s economy on on-again, off-again proposition. There was the trade conflict with weekly changes in American tariff policy, the threats against ZTE and Huawei,…
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Foxconn’s profits plunged nearly 90%, due to COVID-19 shutdown
As earnings season winds down, we’re getting a solid picture on just how profoundly the COVID-19 pandemic has impacted corporations’ bottomline. Taiwan-based manufacturing giant Foxconn is among those companies that were utterly walloped over the previous quarter. Plant shutdowns — particularly in China — lead to a 90% year-over-year drop…
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Xiaomi, Samsung and others begin to resume smartphone production in India
Xiaomi, Vivo, Samsung, Oppo and other smartphone companies have received approval from some state governments in India to partially resume manufacturing and assembling of devices amid the ongoing lockdown in the world’s second largest handset market that completely shut operations at these plants in late March. The companies said that…
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