foxconn

Apple Inc. (NASDAQ:AAPL) supplier Hon Hai Precision Manufacturing Company Limited (OTC:HNHPF), popularly known as Foxconn, will reportedly soon be fined by Taiwanese authorities for an unauthorized investment in a Chinese chip maker.  What Happened: Foxconn, a major iPhone maker, on Friday said it...

Apple Inc (NASDAQ: AAPL) moved forward with its preparations to relocate part of its manufacturing outside of China. This includes major iPhone assembly plants that have been routinely interrupted by China's strict COVID-19 regulations, with large worker protests in November...

After some turbulent weeks, the COVID-hit China plant of a key Apple Inc (NASDAQ:AAPL) supplier reportedly expects to return to 100% production levels around late December to early January.  What Happened: Foxconn Technology and the local government are working closely on the recruitment drive...

In a bid to sustain the staff levels needed to run the main iPhone-making facility, key Apple Inc. (NASDAQ: AAPL) supplier Foxconn is reportedly offering bonuses of as much as $1,800 to its existing workers after massive protests.  What Happened: Foxconn, formally known as Hon Hai Precision...

More than 20,000 employees, most of them new hires, have reportedly left a key Apple Inc (NASDAQ:AAPL) supplier’s main iPhone-making plant in Zhengzhou, China after violent protests broke out at the facility earlier this week over unpaid dues.  What Happened: The slew of departures from the...

Chaos at Apple Inc.'s (NASDAQ:AAPL) main iPhone-making plant in China doesn't seem to end. Apple’s supplier Foxconn Technology (OTC:HNHPF), in a statement, apologized for a “technical error” while hiring new recruits.  What Happened: The facility was rocked by fresh workers unrest...

Apple Inc.’s (NASDAQ: AAPL) newest iPhone iteration will be in short supply for the Black Friday holiday weekend, an analyst at Wedbush said. The Apple Analyst: Daniel Ives has an Outperform rating and $200 price target for Apple shares. The Apple Thesis: The iPhone 14 demand is way ahead...

Thursday could prove to be a redemption of sorts for electric vehicle startup Fisker Inc. (NYSE: FSR) as its debut model, the Ocean SUV, goes into production. What Happened: Fisker, founded by former BMW AG (OTC: BMWYY) and Aston Martin sports car design engineer Henrik Fisker, is based out of...

After recent chaos at the Zhengzhou plant, Apple Inc. (NASDAQ:AAPL) supplier Foxconn is now looking for a huge boost in its workforce at its iPhone factory in India. What Happened: Foxconn is planning a four-fold jump in the workforce at the India plant, two government officials with knowledge of...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Manufacturing Company Limited (OTC: HNHPF), popularly known as Foxconn, reported on Thursday higher third-quarter revenue but profit growth slowed amid shrinking margin. What Happened: Taiwanese contract manufacturer Foxconn reported third-...

Lordstown Motors Corp (NASDAQ:RIDE) said Monday that Hon Hai Precision Industry Co., Ltd (OTC:HNHPF) affiliate Foxconn Ventures Pte. Ltd has agreed to make an additional $170 million equity investment in the electric vehicle firm. What Happened: The investment will come in the form of $70 million...

China has ordered an industrial park that includes the world’s largest Apple Inc (NASDAQ: AAPL) iPhone assembly plant to enter a seven-day lockdown related to rising COVID-19 concerns.  What Happened: According to a Reuters report, China has imposed COVID-19 lockdowns on a...

Optimism is returning to the market, with earnings and hopes of a Fed pivot serving to allay investors’ apprehensions. Here's a recap of a few major headlines that hit the wire over the weekend and could have a bearing on the direction of the market. 1. Doge Takes Off: Meme crypto...

Tesla Inc (NASDAQ: TSLA) is working hard to expand both Gigafactory Berlin and Texas to massively upscale its vehicle production capacity. But even as both factories ramp up, Tesla still has a hard time making enough vehicles to satisfy the high demand. As shared by The Verge,...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), operating as Foxconn, said the company is "cautiously positive" about the outlook for the fourth quarter. What Happened: The company said “the dynamics of inflation, the pandemic, and the...