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Foxconn chairman Terry Gou hands over reins ahead of Taiwan presidential bid

Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year.The 68-year-old Foxconn founder was speaking at the company’s annual general meeting in Taipei, where a few hundred shareholders and supporters had braved the heat to watch a live broadcast on big screens. The move was widely expected.The Apple supplier, whose full name… Source link

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China 

Apple said to ask suppliers, including Foxconn, to explore major shift out of China to Southeast Asia

Apple has asked its largest suppliers to consider the feasibility of shifting 15 to 30 per cent of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported.The US tech giant asked “major suppliers” to evaluate the cost of such a migration, the newspaper cited multiple sources as saying. Those included iPhone assemblers Foxconn Technology Group, Pegatron and Wistron, MacBook maker Quanta Computer, iPad maker Compal Electronics and AirPods makers… Source link

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Foxconn denies speculation about exiting mainland China amid uncertainty from trade war

Foxconn Technology Group, the world’s largest electronics contract manufacturer, has denied speculation that it planned to withdraw from the Chinese mainland, where the Taiwanese company has more than one million employees, as the trade row between the US and China escalates.“The rumours about Foxconn quitting mainland China is not true,” said the company, formally known as Hon Hai Precision Industry, in a post on its official WeChat account on Monday.The firm said operations at all of its… Source link

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Apple’s iPhones can all be made outside China if needed, says contract manufacturer Foxconn

Apple has a backup plan if the US-China trade war gets out of hand.The Cupertino California-based company’s primary manufacturing partner has enough capacity to make all iPhones bound for the US outside China if necessary, according to a senior executive at Hon Hai Precision Industry. The Taiwanese contract manufacturer, known also as Foxconn Technology Group, now makes most of the smartphones in the Chinese mainland.China is a crucial cog in Apple’s business, the origin of most of its iPhones… Source link

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China 

Taiwan presidential run by Terry Gou creates ‘uncertain’ future for Foxconn, analysts say

Foxconn chairman Terry Gou’s decision to make a run for Taiwan’s presidency creates “uncertainty” for the world’s largest iPhone assembler, and could threaten Apple’s long term relationship with the company, analysts said.The 68-year-old Gou, Taiwan’s richest man with a net worth of US$7.6 billion, said on Wednesday that he would take part in the opposition Kuomintang’s (KMT) primaries for the 2020 race to challenge current president Tsai Ing-wen.In a statement, Foxconn said that Gou wished to … Source link

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Terry Gou to step back from ‘front line’ at iPhone assembler Foxconn as it expands into India, AI

Terry Gou Tai-ming, the billionaire founder and chairman of iPhone assembler Foxconn Technology Group, plans to step back from day-to-day operations, making room for younger management to run the world’s largest electronics contract manufacturer.A spokesman for Foxconn, formally known as Hon Hai Precision Industry, said Gou aims to sharpen his focus on the company’s strategic direction, denying earlier reports that he aims to resign or retire.“I’m already 69 years old. I hope to pass down my 45… Source link

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China 

iPhones costs US$800, I was offered a job at Foxconn to assemble them for US$1.7 per hour, 40 hours per week

The gate to Foxconn’s huge Zhengzhou facility is enveloped in a grey haze, pollution hangs constantly in the air.Outside a man is smoking, his luggage at his side. He has been squatting on the ground for more than 10 minutes.“Are you looking for work here?” I asked him. “Yes,” he replied, “you too?”He stubbed out his cigarette, threw his bag on his shoulder and asked me to follow him to the plant’s reception area, where jobseekers can apply for work.The man had previously been a worker at… Source link

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Foxconn, a tale of slashed salaries, disappearing benefits and mass resignations as iPhone orders dry up

It is a normal Saturday in Zhengzhou, the capital of central China’s Henan province. The sky over the factory complex is obscured with a choking smog. Under the hazy sunset, hordes of workers have started to walk out of the Foxconn production facility. The crowd thinned out quickly.But working conditions inside the world’s largest iPhone assembly plant are not normal, as weaker demand for the mobile phones assembled inside the vast 1.4 million square metre (15 million square feet) facility have… Source link

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As Foxconn changes US manufacturing plans, job promises fall short

It has been 18 months since Foxconn Technology Group, the world’s largest electronics contract manufacturer, announced to great fanfare that it was building a US$10 billion factory to make television screens on farmland in southeastern Wisconsin in the United States. The plan was as big as it was audacious: Fuelled with billions in taxpayers subsidies, the Taiwanese company, formally known as Hon Hai Precision Industry, would build a 22 million square-foot campus, filled with 13,000 highly paid workers. In the process, it would transform the sleepy village of Mount Pleasant,…

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After Donald Trump intervenes, Foxconn decides to build Wisconsin plant after all

Foxconn Technology said on Friday it would build a factory in Wisconsin after the company’s chairman spoke to US President Donald Trump. Earlier this week Foxconn was reconsidering plans to make advanced liquid crystal display panels at a planned US$10 billion Wisconsin campus. But after conversations between Trump and Foxconn Chairman Terry Gou, the company said it would now move “forward with our planned construction of a Gen 6 fab facility,” which is a type of plant that produces displays. The 20-million square foot campus marked the largest investment for…

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