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The Latest Breaking News from Foxconn

India Tries To Attract Intel, TSMC, GlobalFoundries To Set Up Local Plant

India is in talks with global chipmakers Intel Corp (NASDAQ:INTC), GlobalFoundries Inc (NASDAQ:GFS), and Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) about setting up local operations, Bloomberg reports. India aspires to become an electronic hub like neighbor China, Bloomberg notes. In India, a venture between billionaire Anil Agarwal’s Vedanta Group and Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC:HNHPF),…

Benzinga

Apple supplier suspends production at two China factories

Operations halted at factories in eastern China’s Kunshan after COVID-19 cases reported.

Al Jazeera

More Chinese cities tighten controls as Shanghai COVID cases rise

Shanghai reported a record number of symptomatic COVID-19 cases on Saturday and other areas across China tightened controls as the country kept up its "dynamic clearance" approach that aims to stamp out the highly transmissible Omicron variant.

Reuters

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Apple, Others Face Shipment Delays as China COVID Curbs Squeeze Suppliers, Say Analysts

Shipments of some Apple products, as well as Dell and Lenovo laptops are likely to face delays if China's COVID-19 lockdowns persist, analysts said, as curbs force assemblers to shut down and closed-loop arrangements get harder to maintain. China's race to stop the spread of COVID-19 has jammed highways and…

Asharq Al-Awsat

Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…

Benzinga

iPhone, Macbook makers halt Shanghai production over Covid

Beijing (AFP) - Several electronics companies, including iPhone and Macbook makers, have halted production in the Chinese cities of Shanghai and Kunshan, adding to supply chain woes under Beijing's strict zero-Covid measures.

AFP

iPhone maker Pegatron halts Shanghai production over Covid

Beijing (AFP) - Key iPhone maker Pegatron has halted operations at two subsidiaries in the Chinese cities of Shanghai and Kunshan, as global supply chains feel the pinch of Beijing's strict zero-Covid measures.

AFP

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Apple Begins Manufacturing iPhone In India, Marking Setback For China

Apple Inc (NASDAQ:AAPL) has started manufacturing the iPhone 13 in India, Reuters reports. Apple produced the iPhone at a local plant of Apple's Taiwanese contract manufacturer Hon Hai Precision Industry Co Ltd (OTC:HNHAF), operating as Foxconn in Sriperumbudur in Southern Tamil Nadu. Also Read: China's Smartphone Shipment Plunges By 32% In February, Here's Why Apple Could…

Benzinga

Apple Starts Manufacturing iPhone 13 in India

Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the US tech giant tries to reduce reliance on its Chinese supply chain. The phone is being produced at a local plant of Apple's Taiwanese contract manufacturer Foxconn, situated in the town of Sriperumbudur…

Asharq Al-Awsat

Apple starts production of flagship iPhone 13 at Foxconn plant near Chennai

It will have ‘beautiful design, advanced camera systems’, says the company

The Hindu

Samsung Forecasts Record Q1 Sales As Global Chip Demand Accelerates

Samsung, the world's biggest chipmaker, forecast stronger-than-expected first quarter profits despite a lull in global smartphone demand.

The Street

Semiconductor dream needs the right push

CM has urged Samsung to open a semiconductor manufacturing unit in the State

The Hindu

Apple Customers May Have Reason to Cheer

The resurgence of Covid in Asia is again affecting companies, including a large supplier of Apple.

The Street

Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses

Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF), also known as Foxconn, resumed partial operations and production at its two Shenzhen campuses, one of which makes iPhones, after assuming Covid measures, Bloomberg reports. Foxconn had suspended operations after Shenzhen imposed a city-wide lockdown, including its Guanlan factory. Foxconn has resumed some production at…

Benzinga

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The Street

Stocks Leap, Fed In Focus, Apple, Tesla And Live Nation - 5 Things You Must Know

Stock futures extend gains on China stimulus, Russia-Ukraine talks; Fed readies first rate hike since 2018; Foxconn 'cautious' on supply chain; Tesla shutters Shanghai gigafactory and Live Nation shares slide as Senators urge DoJ pricing probe.

Bangkok Post

Foxconn in Talks to Build $9 Billion Factory in Saudi Arabia

Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, is in talks with Saudi Arabia about jointly building a $9 billion multipurpose facility that could make microchips, electric-vehicle components and other electronics like displays, according to people familiar with the matter.

Benzinga

This Apple Supplier Is Said To Be Planning A $9B Factory In Saudi Arabia To Make Chips, EV Parts

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd’s (OTC: HNHPF) is in talks with Saudi Arabia to jointly build a $9 billion multipurpose facility, The Wall Street Journa

The Street

Apple Has Bad News for Customers

A twist of fate might keep you away from the new Apple products introduced last week.

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The Street

Apple Stock Alert: Will Foxconn Closure Sink iPhone Maker?

Apple stock is pulling back for the third straight day after news from Foxconn. Here are the support and resistance levels to know now.

Evening Standard

Apple suffers iPhone blow as Shenzen Covid lockdown shuts Foxconn factory

Two factories owned by Foxconn, which makes iPhones in China, have had to close as part of a widespread lockdown in the Chinese city of Shenzen.

Asharq Al-Awsat

Chinese Cities and Factories Lock Down as Outbreak Spreads

Seventeen million people in the Chinese tech hub of Shenzhen began their first full day under lockdown Monday, as a key factory making iPhones closed and restrictions spread across Shanghai and other major cities in an effort to extinguish the biggest-ever threat to the nation's zero-tolerance Covid strategy. The southern…

Benzinga

Foxconn, Luxshare Could Produce Apple Car, Speculation Suggests

Apple Inc (NASDAQ: AAPL) suppliers Hon Hai Precision Industry Co Ltd (OTC: HNHPF) or Foxconn and Luxshare Precision are possible candidates to produce the rumored Apple Car <

The Street

GM Makes Another Big Move In the Electric Vehicle Market

The automaker had invested in a cash-strapped Tesla rival.

The Street

Did GM Just Give Lordstown Motors The Kiss of Death?

Detroit auto giant GM had invested in the cash-strapped EV startup Lordstown.

InsideEVs

GM Dumped Lordstown Motors Stock In The Fourth Quarter Of 2021

GM says the only reason it bought Lordstown stock in the first place was to allow the EV startup to complete the purchase of the plant and restart production.

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