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(2 hr ago) The report said that as the industry suffered its worst recession in a decade, Apple's Foxconn, a factory agent, cut tens of thousands of seasonal jobs months in advance. One of the people familiar with the matter said that the scale of layoffs this year was not necessarily larger than in previous years, but it was significantly ahead of schedule this year.
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(1 day ago) At the meeting, some journalists asked: China's economic changes have worries, which aspects of these worries come from? How many are trade frictions with the United States? Foxconn laid off workers on a large scale before the Spring Festival. Can the 4.9% unemployment rate accurately describe the unemployment situation in China? Ningjizhao responded that since the second quarter of last year, Sino-US economic and trade frictions have begun to emerge.
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(2 day ago) On Friday, the Wall Street Journal reported that the company had "not able to reach the minimum number of jobs created in 2018, so it was reported that it could not get tax breaks this year." Wisconsin Economic Development Corporation said that Foxconn should create in 2018. At least 260 jobs are available to receive $4.1 billion in grants and tax benefits from Weizhou, but Foxconn offers only 178 jobs in 2018.
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(3 day ago) A new report says that Apple supplier Foxconn laid off about 50,000 contract workers at the iPhone factory in Zhengzhou, the first layoffs occurred in October 2018. A source familiar with Foxconn's plans told Nikkei that the scale of layoffs was not large, but the layoffs were much earlier than in previous years.
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(3 day ago) Early layoffs also occurred downstream of Foxconn's supply chain. According to another person familiar with the matter, a Shenzhen-based spare parts supplier asked 4,000 employees to take a "vacation" from October last year until March this year: "The company has not taken the initiative to dismiss these employees.
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(3 day ago) Tencent Technologies News, according to foreign media reports, Foxconn is laying off tens of thousands of workers months ahead of schedule, and the industry is experiencing one of the worst downturns in 10 years. Foxconn Technology Group has laid off about 50,000 contract workers at its most important iPhone factory in Zhengzhou, Henan Province, since October, according to people familiar with the industry.
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(4 day ago) At the conference, Xiaoda also announced a strategic cooperation with China Mobile's brand Xiaoshi to achieve green recycling and environmental protection disposal of smartphones by replacing old ones with new ones. Tian Eye Check information shows that Fujitsu and Itochu have 19% and Shenzhen Avail Technologies 62%, which are major shareholders.
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(8 day ago) Earlier sources said the Pixel 3 Lite and Pixel 3 XL Lite would be released through Verizon earlier this spring. According to data available, the Pixel 3 Lite has a 5.5-inch overall screen (18.5: 9), XL Lite is 18.5: 9) and no bangs.
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(8 day ago) This article comes from the motherboard of VICE, author Huizhong Wu, compiled by Xinzhiyuan, compiler Sanshi Zhang Gan Mu Qing
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(11 day ago) iPhone assembler Foxconn reported that revenue fell by 8.3% in December last year, due to a sharp drop in demand for the “consumer product category”. Although the company did not give a more specific explanation, given Apple's downward revision of the holiday season's revenue expectations, the decline in iPhone demand seems to be the most likely explanation.
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(18 day ago) Tencent Technologies News, Foxconn Group, China's consumer electronics giant, is investing tens of billions of dollars to build a large LCD panel manufacturing base in Wisconsin, USA. According to the latest news from foreign media, official records show that a subsidiary of Foxconn Technology Group has bought a 100-year-old building in downtown Racine from Johnson Refusion Corp. for $1.2 million.
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(31 day ago) Tencent Technology News, according to Reuters quoted by the Nikkei News, China's Foxconn Group - Apple's iPhone assembly plant, will build a chip factory in Zhuhai with a total investment of about 9 billion US dollars.
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(31 day ago) Foxconn will form a joint venture with Sharp (a subsidiary of Foxconn) and the Zhuhai Municipal Government for the project, the person said. According to the report, Sharp is the only Foxconn subsidiary with chip manufacturing experience. But Sharp has stopped developing semiconductor technology since it fell into financial crisis in 2010.
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(37 day ago) Foxconn plans to build factories here, with a population of 26,000 in Mount Pleasant. There, politicians spent a lot of money to please the technology giant and were criticized by regulators for reaching a secret agreement that would have a huge impact on society.
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(48 day ago) A new report claims that Foxconn, Apple's largest supply chain partner, is seeking to open a new factory in Vietnam to deal with the instability and uncertainty of the company's current production facilities. According to Reuters, Vietnamese state media reported that Foxconn and Hanoi People's Committee were actively discussing the establishment of an iPhone factory.
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(48 day ago) In the face of potential uncertainties, Foxconn believes Vietnam and Thailand are top priorities outside China, the report said. However, Foxconn responded that it would not comment on current or potential customer issues. According to the data, the iPhone is currently manufactured in China, Brazil and India. Most of the products in Brazil and India are old models, while most of the new models and main products are assembled in Foxconn or Heshuo factories in China.
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(49 day ago) Hon Hai decided this year to transfer sensor production to a Chinese factory. As of summer, the number of foreign workers in the Kameyama Plant roster seems to have dropped to 500-600. The employees said they were fired between July and September. Some employees are dispatched by Human Holdings and are not directly employed by Sharp.
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(52 day ago) In the winter of 2018, there was more talk of layoffs. Among them, Foxconn, an agent giant with more than one million employees. On November 28, Foxconn Technology Group issued a statement to the reporter of the China Times confirming that the assembly business unit of its Indiana subsidiary in the United States will be reorganized in the near future.
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(53 day ago) Foxconn has a huge component manufacturing and R&D business besides the OEM assembly business. In recent years, Foxconn has become more interested in the semiconductor business. Now it has entered the semiconductor market on a large scale. Recently, Foxconn's Jingding Precision Nanjing Semiconductor Industry Base and Semiconductor Equipment Manufacturing Project officially signed a contract, investing 2 billion yuan, mainly in high-end semiconductor equipment, while they settled in Nanjing Pukou Economic Development Zone, there are also Taijiquan, Sun Moonlight and other Taiwan-based semiconductor enterprises.
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(54 day ago) Q-Edge and Foxconn/Hon Hai Logistics California (Foxconn/Hon Hai Logistics, California) informed state officials last Wednesday about future layoffs.
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(56 day ago) On the morning of November 27, Beijing time, it was reported that two subsidiaries of Foxconn planned to lay off 155 employees in the next three months, all of whom are currently working in a factory in the Wisconsin Plain City.
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(60 day ago) Foxconn did not immediately comment on such reports of cost cutting and layoffs. The analysis generally believes that Foxconn's plan to cut costs is related to the recent decline in demand for Apple's products and the drastic reduction in production orders. One day later, according to the first financial report on the 22nd, Foxconn sent a statement on whether to cut future expenses. “As a group business strategy, Foxconn will regularly review the Group’s global operations to ensure better coordination with the Group’s operations. , customer needs and core technology research and development...
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(60 day ago) Subsequently, Foxconn added: The scope includes hundreds of companies under the Foxconn Group system, not limited to Foxconn itself, and the cost reduction does not include the Group's research and development and new product development funds. Foxconn’s third-quarter report showed that net profit for the quarter rebounded to approximately NT$24.876 billion (approximately RMB5,583 million), an increase of 18.3% year-on-year, although the total net profit for the first three quarters decreased by 0.9% year-on-year.
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(61 day ago) On the evening of November 21, Foxconn responded to the surging news that Foxconn would regularly review the global operation of the Group to ensure that it could better match the operation, customer needs and core technology research and development, and meet the needs of the Group's business development.
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(61 day ago) According to a Bloomberg report, a memo from inside Foxconn, Apple's largest iPhone assembler, shows that the company will soon implement a series of cost-cutting measures to deal with "very difficult and competitive 2019."
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(61 day ago) On the evening of November 21st, Beijing time, Bloomberg reported today that according to an internal memo, Foxconn, the largest foundry of Apple's iPhone, plans to cut its spending in 2019 by 20 billion yuan (about 2.9 billion US dollars).
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(69 day ago) In recent days, many parts suppliers of Apple have issued profit warnings, mainly related to the sluggish demand in the iPhone market. Affected by this, Foxconn and several other OEMs' share prices have fallen today. Last week, it was reported that Apple had told Foxconn and other foundries to suspend plans to increase the iPhone XR production line.
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(71 day ago) Tencent Technologies News, Foxconn Group, a Chinese electronics manufacturer, invested 10 billion US dollars in the construction of a LCD panel factory in Wisconsin, USA (hereinafter referred to as "Wisconsin"). But this investment project faces unexpected variables: Evers, a politician who has been bombarding Foxconn's investment projects in the past, was elected as the new governor of Wisconsin, and he may take various adverse measures against Foxconn.
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(73 day ago) According to reports from the domestic media on Apple's supply chain and channels, Foxconn's first-line workers revealed that in Shenzhen Guanlan Industrial Park, production arrangements have dropped by 10% compared to last year's production of iPhone X when it worked overtime until mid-December. The peak end time is one and a half months ahead of schedule.
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(77 day ago) Photo: Foxconn Chairman (Terry Gou) and President Rebecca Blanc (Rebecca Blank) of the University of Wisconsin at Madison sign a partnership agreement. However, as Foxconn plans to build the plant several times, Local people in Wisconsin are sceptical about the project, as well as about their collaboration with the University of Wisconsin.
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