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The Latest Breaking News from Foxconn

Volkswagen May Partner With Foxconn To Bring Scout EVs To US

Volkswagen is reviving the Scout brand, and the first copies are expected to by EVs coming in 2026. Now, it looks like VW may lean on Foxconn for the US market.

InsideEVs

China’s COVID chaos may cost Apple billions—and there’s not much Tim Cook can do about it

For Apple, setbacks in iPhone production due to government-mandated lockdowns are the price of doing business in China.

Fortune

How a 'forgotten,' 110-day lockdown sparked China's nationwide COVID protests

A deadly fire in a region locked down since August ignited rare demonstrations of dissent across China.

Fortune

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Apple Stock Slides On Report of 6 Million Hit to iPhone Shipments Amid China Covid Chaos

Updated at 10:32 am EST Apple AAPL shares extended declines Monday amid reports that the tech giant could see a 6 million shortfall in iPhone production from disruptions at its key China manufacturing plant. Bloomberg reported Sunday that the turmoil could lop around 6 million Phone 14 ...

The Street

Amid protests over lockdowns, Goldman Sachs warns that China's COVID-zero exit may be ‘forced and disorderly’

“The central government may soon need to choose between more lockdowns and more COVID outbreaks,” Goldman Sachs wrote on Sunday.

Fortune

Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower

Australian retail sales suffered their first fall of 2022 in October as rising prices and higher interest rates finally seemed to have an impact on spending, a surprisingly soft result that suggests tighter policy is working as intended.

ABC News

The Weekly Wrap for Saturday, 26 November 2022

A spate of mass shootings absorbed America this week. You've been here before. Too many guns. Too much homophobia and transphobia. Too much polarisation. Too little tolerance. Too sparse opportunities for social mobility.

inkl Originals

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Black Friday shoppers set for shortages of new iPhones because of supply issues

Consumers looking for a new iPhone 14 over the Black Friday shopping period may be out of luck, as experts say Apple shortages might last for the rest of the year

Daily Mirror

China's 'iPhone city' under Covid lockdown after violent clashes

Beijing (AFP) - Six million people were on Friday under Covid lockdown in a Chinese city home to the world's largest iPhone factory, after clashes between police and workers furious over pay.

AFP

China imposes new lockdowns as local Covid cases hit record high

Country reports 31,444 new locally transmitted cases, the highest daily figure since pandemic began

The Guardian - UK

China iPhone factory workers take the money and leave after protests

Beijing (AFP) - Employees are leaving a vast Foxconn iPhone factory in central China over working conditions and Covid restrictions, relieved to be taking pay-offs home after angry protests at the Taiwanese tech giant's plant.

AFP

Foxconn apologizes for pay dispute at China factory

The company that assembles Apple Inc.’s iPhones has apologized for what it said was a technical error that led to protests by employees over payment of wages offered to attract them to a factory that is under anti-virus restrictions

The Independent UK

6 million locked down in 'iPhone city'

ZHENGZHOU, China: Authorities have ordered six million people into lockdown in a city where violent protests broke out at an iPhone factory over Covid isolation policies and working conditions.

Bangkok Post

China: ‘Zero Covid’ outlier imposes more lockdowns as coronavirus infections hit record high

More than 6million people in Zhengzhou have been told to stay at home for five days as China sticks to its ‘zero Covid’ strategy

Evening Standard

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Al Jazeera

Apple supplier Foxconn apologises after unrest at Chinese campus

Taiwanese tech giant says ‘technical error’ to blame for pay dispute that saw workers clash with police.

Fortune

Apple supplier Foxconn will pay new hires $1,400 to quit as China's 'iPhone city' enters COVID lockdown

Foxconn is scrambling to respond to lockdowns and unrest at its Zhengzhou, China iPhone factory, where workers and security personnel clashed on Wednesday.

AFP

China's 'iPhone city' tightens Covid rules after violent protests

Beijing (AFP) - China has ordered six million people into lockdown in a city where violent protests broke out at an iPhone factory over Covid isolation policies and working conditions.

The Independent UK

China expands lockdowns as COVID-19 cases hit daily record

China is expanding lockdowns, including in a city where factory workers clashed this week with police, as its number of COVID-19 cases hit a daily record

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Fortune

How bad are the 'iPhone city' riots for Apple stock? Analysts see a 'body blow' for the most valuable company on earth

Hundreds of workers clashed with authorities at Foxconn's iPhone plant in Zhengzhou, China on Wednesday. Analysts warn it could affect already ailing iPhone production.

Investors Business Daily

Apple iPhone 14 Pro Supply Issues In Focus After Factory Protests

After warning of iPhone 14 Pro shortages from Covid-related disruptions, Apple faces a new problem from worker protests at its main assembly plant in China.

Investors Business Daily

Dow Jones Climbs Ahead Of Fed Minutes; Jobless Claims Jump; Tesla Races Higher On Upgrade

The Dow Jones Industrial Average rose Wednesday ahead of the Federal Reserve's minutes. Tesla stock raced higher on an upgrade.

The Street

Apple Stock Slips Lower On China Covid Risk, Holiday iPhone Supply Concern

More disruptions at a key China factory, as well as a warning on high-end iPhone availability from Best Buy, has Apple moving lower again Wednesday.

Evening Standard

Foxconn: Protests break out at world’s largest iPhone factory in China

Foxconn has strict measures for its workers at the factory in Zhengzhou

Asharq Al-Awsat

China Widens COVID Curbs, Apple Factory Unrest Adds to Economy Worries

Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs. Across China, cities including the capital Beijing and…

AFP

Violent protests at largest iPhone factory in China

Beijing (AFP) - Violent protests have broken out around Foxconn's vast iPhone factory in central China, as workers clashed with security personnel over pay and living conditions at the plant.

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