Foxconn

Foxconn Boosts Hiring for iPhone 16 Launch in China

Foxconn Boosts Hiring for iPhone 16 Launch in China

Foxconn, Apple’s primary supplier, is intensifying its recruitment efforts in anticipation of the eagerly awaited AI-enabled iPhone 16, set to launch this autumn. With expectations of high demand due to the iPhone 16's new AI capabilities, Apple is striving to align its production to meet these forecasts. Foxconn is providing competitive hourly wages and bonuses to […]

Foxconn Boosts Hiring for iPhone 16 Launch in China Read More »

Foxconn Invests $551M in Vietnam for Smart Tech Production

Foxconn Invests $551M in Vietnam for Smart Tech Production

Foxconn is expanding its presence in Vietnam with a significant investment of $551 million (approximately 4.013 billion Yuan) across two new projects in northern Vietnam’s Quang Ninh Province. These ventures are planned for completion by July 2026 and will be centered on the production of smart technology. Smart Entertainment Products and System Equipment The first project,

Foxconn Invests $551M in Vietnam for Smart Tech Production Read More »

Foxconn announces plans to invest INR 1,200 crore in India for construction of new chip manufacturing facility.

Foxconn announces plans to invest INR 1,200 crore in India for construction of new chip manufacturing facility.

Foxconn Expands Presence in India with New Chip Assembly and Testing Plant Foxconn, the largest iPhone manufacturer and a key supplier to global tech firms, is making a significant move to expand its presence in India. The company is investing Rs. 1,200 crore ($150 million) in a new chip assembly and testing plant in partnership with

Foxconn announces plans to invest INR 1,200 crore in India for construction of new chip manufacturing facility. Read More »

Despite Chip Challenges, Foxconn Sets Sights on 2024 Improvement

Despite Chip Challenges, Foxconn Sets Sights on 2024 Improvement

Foxconn, a major player in electronics manufacturing and known for producing iPhones for Apple, is optimistic about the year 2024. Despite facing challenges and experiencing financial setbacks in the previous year, including a significant hit from its stake in Sharp Corp, Foxconn’s Chairman, Liu Young-way, expressed positivity during the company’s annual employee event. Positive Outlook for

Despite Chip Challenges, Foxconn Sets Sights on 2024 Improvement Read More »

Foxconn Expanding Beyond iPhones, Venturing into Electric Vehicles

Foxconn Diversifying Beyond iPhones, Entering Electric Vehicle Market

Foxconn’s Entrance into the Electric Vehicle Market Foxconn, a well-known supplier for Apple, is undertaking a strategic transformation by stepping into the electric vehicle (EV) industry, focusing its efforts in Zhengzhou, China. This shift is a direct response to the diminishing demand for smartphones and consumer electronics. Broadening the Product Range Foxconn is just one of

Foxconn Diversifying Beyond iPhones, Entering Electric Vehicle Market Read More »

India sees increased investment from Foxconn, strengthening worldwide shift in manufacturing

India sees increased investment from Foxconn, strengthening worldwide shift in manufacturing

Foxconn Technology Group Secures Approval for $1 Billion Investment in Apple Manufacturing Plant in India Foxconn Technology Group, a major player in the technology manufacturing industry, has recently gained approval for an additional $1 billion investment in its Apple product manufacturing plant in India. This brings the total investments in the facility to an impressive $2.7

India sees increased investment from Foxconn, strengthening worldwide shift in manufacturing Read More »

Foxconn and Lenovo receive subsidies to boost tech manufacturing in India

Foxconn and Lenovo receive subsidies to boost tech manufacturing in India

India’s Push to Become a Global Hub for Electronics Manufacturing India’s recent decision to grant subsidies to 27 tech companies, including Apple supplier Foxconn and Lenovo, is a significant step in its journey to establish itself as a global hub for electronics manufacturing. This move, part of India’s Production Linked Incentive (PLI) scheme, goes beyond providing

Foxconn and Lenovo receive subsidies to boost tech manufacturing in India Read More »

Scroll to Top