Tag: Foxconn

Foxconn says it remains committed to Wisconsin LCD plant investment

(Reuters) — Taiwan’s Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days after the U.S. state’s governor said he wanted to renegotiate the deal. Democratic Governor Tony Evers, who inherited a deal to give Foxconn $4 billion in tax breaks and other […]

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Foxconn Cuts Salaries and Perks of Employees Due to Slowdown in iPhone Sales

The slowdown in iPhone sales has forced Foxconn — Apple’s largest vendor — to cut down the salaries and other benefits to the employees working in its iPhone factories. The report from South China Morning Post paints a dreary picture of Foxconn’s Zhengzhou factory and how the company is cutting back on small perks to its employees. […]

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Amazon reportedly reconsiders New York expansion

Amazon is reportedly reconsidering its decision to bring 25,000 jobs to New York City as part of its recent search for a second headquarters. The Washington Post first reported the news, citing “two people familiar with [Amazon’s] thinking.” The ecommerce giant announced in November that it was splitting its so-called “HQ2” between two cities — […]

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Foxconn flip-flops on Wisconsin factory after meeting with President Trump

Electronics giant Foxconn’s plans to build an advanced manufacturing facility in Wisconsin continue to change, and after meeting with President Donald Trump on Friday, the company said it was recommitting to building a type of facility it had previously voiced concerns about. “After productive discussions between the White House and the company, and after a […]

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Foxconn’s Wisconsin factory never made sense

More than a year after committing to build a $10 billion factory in the state of Wisconsin, Foxconn threw in the towel on the “factory” concept yesterday, telling Reuters that the company now thinks it will be too expensive to manufacture LCD panels in Wisconsin as initially intended. A Foxconn source also told Reuters that […]

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Foxconn may not build LCD panels in Wisconsin, cites labor costs

(Reuters) — Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised. Announced at a White House ceremony in 2017, the 20-million square foot campus marked the […]

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Foxconn Looking to Set Up an iPhone Assembly Plant in India

In a bid to reduce its reliance on China, Foxconn is reportedly considering moving some iPhone manufacturing to India so as to diversify its supply-chain resources. Foxconn is Apple’s largest assembler and it assembles a lot of its products including iPhones, MacBooks, iPads, and more. The Chinese company has multiple factories spread across China and […]

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Foxconn Removes 50,000 Contract Workers Months Earlier Than Usual

The slowdown in iPhone sales has led many Apple suppliers to cut thousands of seasonal jobs earlier than usual. Foxconn, Apple’s biggest supplier, has removed 50,000 contract workers from its factory in Zhengzhou since October. Usually, Foxconn hires these workers right before the launch of a new iPhone, i.e. in mid-August and renews their monthly contract […]

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Flagship iPhone Production Might Begin In India Next Year

Apple does have a manufacturing partner producing iPhones in India. However, Wistron only makes the cheaper iPhone 6S and iPhone SE models in the country. A new report today claims that Foxconn, Apple’s biggest contract manufacturer, could begin manufacturing flagship iPhones in India next year. Like many manufacturers, Apple moved production of its handsets to […]

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Foxconn Will Start Assembling High-End iPhones in India from 2019

The Indian Commerce Minister was all set to meet Apple executives at Davos next month to discuss plans for setting up an iPhone manufacturing plant in India. However, it looks like things have moved forward faster than one expected. Reuters reports that Foxconn will start assembling high-end iPhones in India from 2019. While Wistron already assembles iPhones […]

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Apple Suppliers TSMC and Foxconn Post Strong Revenue Growth for November

Despite a reported slowdown in iPhone sales, two of key Apple suppliers — Foxconn and TSMC — have reported a strong growth in their November revenue. Apple sources its 7nm A12 Bionic chip found inside its 2018 iPhones and the iPad Pro lineup from TSMC, while Foxconn assembles iPhones for the company. For November, Foxconn […]

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iPhone Production Could Move Out Of China To Avoid Trade Tariffs

Foxconn, Apple’s contract manufacturer for iPhones, is a behemoth in China’s electronics manufacturing industry. Apple’s iPhones are thus produced in China and that hasn’t been a problem for the company until now as the possibility of iPhones being hit by trade tariffs imposed on China looms large. This would make Apple’s smartphones more expensive in […]

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Amazon’s bait-and-switch won’t stop cities from screwing their citizens over for jobs

Amazon’s much-anticipated HQ2 announcement was predictable. Not just because the tech giant went with two obvious choices to add thousands of tech jobs in — New York City and Arlington, Virginia in the Washington, D.C. metro area — but because of how much these two cities were willing to give away to get them. For […]

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Scott Walker Thought He Could Get Away With Corporate Welfare

Scott Walker thought he had cracked the code. “You divide and conquer,” he famously told a major right-wing donor, days before beginning his first term as Wisconsin’s governor. If he could break the public employee unions, who funded Democratic candidates in his state, Republicans would never lose an election again. He’d be free to reward […]

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The Enduring Scam of Corporate Tax Breaks

In June, Donald Trump traveled to Mount Pleasant, Wisconsin, for the groundbreaking ceremony of the Taiwanese electronics company Foxconn’s new manufacturing plant—a 20 million-square-foot complex that state officials say will create 13,000 jobs for southeastern Wisconsin over the next 15 years. By the time Trump visited the site, however, those claims were already in doubt. […]

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