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The Latest Breaking News from Foxconn

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.

AFP

Protests erupt at largest iPhone factory in China

Large-scale protests broke out at Foxconn's vast iPhone factory in Zhengzhou, central China, images circulating Wednesday on Weibo and Twitter showed.

Bangkok Post

Reports: Employees at Chinese iPhone factory protest

Videos and postings on Chinese social media say employees at the world’s biggest Apple iPhone factory have been beaten and detained in protests over contract disputes amid anti-virus controls

The Independent UK

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China’s COVID cases to smash records as video shows workers rebel

Chinese authorities are introducing new restrictions across the country as infections look set to pass April’s peak.

Al Jazeera

Huge Foxconn iPhone plant in China rocked by fresh worker unrest

Hundreds of workers joined protests at Foxconn's flagship iPhone plant in China, with some men smashing surveillance cameras and windows, footage uploaded on social media showed.

Reuters

1 EV Stock You Don't Want to Ride With

Shares of Lordstown Motors (RIDE) have declined more than 59% year-to-date on concerns over supply chain issues and rising raw material costs. While the company has finally started production, it is crawling and is far behind its 500-vehicle target by the end of this year. Given the rising competition within…

StockNews.com

Apple Stock Slides On Report of Extended iPhone Wait Times Amid China Covid Restrictions

China's escalating Covid infection rate continues to pressure Apple's supply chain.

The Street

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Apple iPhone Production Snags Could Push $3 Billion In Sales To March Quarter

Apple's iPhone 14 supply continues to be constrained by a Covid-related production slowdown at its main assembly plant in China.

Investors Business Daily

Chinese leaders face anger over 2nd child's quarantine death

Chinese authorities are facing more public anger after a second child’s death was blamed on overzealous anti-virus enforcement, adding to frustration at controls that are confining millions of people to their homes and sparked fights with health workers

The Independent UK

Apple Stock Slides As CEO Tim Cook Says iPhone Maker Has Slowed Down Hiring

"We're being very deliberate on our hiring ... that means we're continuing to hire, but not everywhere in the company," said Apple CEO Tim Cook.

The Street

‘Once-in-a-lifetime opportunity’: How a mass lockdown at the world’s biggest iPhone factory is India’s big chance to beat out China as Apple’s favorite supplier

A recent lockdown and mass worker escape from Apple’s top iPhone supplier in China is accelerating the company’s shift to make more smartphones in India.

Fortune

Amid Uncertainty Over FTX Collapse BlockFi Suspends Withdrawals, Juul Shelves Bankruptcy Preparations, Berkshire Hathaway Trims Holdings In Tesla Competitor: Top Stories Friday, Nov. 11

Reuters

Benzinga

Foxconn working 'at fastest speed' to restore vast China plant

Taipei (AFP) - Taiwanese tech giant Foxconn, a principal Apple subcontractor, said Thursday it was working quickly to resume full production at its giant factory in central China before the crucial holiday season.

AFP

Apple Supplier Foxconn Sees Weaker Q4 Smartphone Revenues Amid China Covid Hit

Foxconn, Apple's most-important supplier, cautioned Thursday that Covid-linked shutdowns in China will trim December quarter sales.

The Street

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The Street

Stocks Edge Higher, Inflation Data, FTX, Apple And Rivian In Focus - Five Things To Know

Stock futures nudge higher, eyeing CPI data and crypto fallout; Mixed October inflation data unlikely to alter Fed rate path; FTX on the brink as reports suggest $8 billion black hole on books; Apple supplier Foxconn sees weaker Q4 smartphone revenues and Rivian shares jump on smaller q3 loss, 2022…

Asharq Al-Awsat

Apple Supplier Foxconn Adjusts Production to Avoid Holiday Blues

Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders. Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant,…

Reuters

China's Guangzhou brings back mass testing to fight city's worst COVID outbreak

Millions of residents of China's southern manufacturing hub of Guangzhou were told on Wednesday to get tested for COVID-19, as infections topped two thousand for two days running in the city's worst outbreak so far.

Inverse

Why iPhone 14 Pro delivery times are almost 2 months right now

A lockdown at Foxconn's Zhengzhou assembly facility in China has iPhone 14 Pro and 14 Pro Max delivery times backed up by almost two months.

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Benzinga

Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

The Street

Lordstown Stock Surges As Apple Supplier Foxconn Takes 18.3% Stake

"We acknowledge and appreciate the confidence in our team that is shown by this investment,' said CEO Ed Hightower.

Fortune

Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

InsideEVs

Saudi Arabia Teams Up With Foxconn To Launch Its Own Ceer EV Brand

Ceer is a joint venture between Saudi Arabia's Public Investment Fund and Taiwan's Foxconn; it will license component tech from BMW in the development phase.

Daily Record

Warning over iPhone delays as China faces Covid lockdown

Customers who have bought an iPhone 14 Pro or an iPhone 14 Pro Max will likely have to wait a little longer for their order.

The Street

Stocks Edge Higher, Week Ahead, Apple, Activision And Warren Buffett - Five Things To Know

Stock futures edge higher with Fed path, mid-terms in focus; Week Ahead: earnings, election and inflation data on tap; Apple slides on iPhone shipment warning; Activision lower amid Microsoft takeover doubts and Buffett deals drive Berkshire Hathaway to solid Q3 profit gains.

Wales Online

Warning over delay in iPhones after surge in Covid

“We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated”

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