Home 

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,…

Read More
Home 

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…

Read More
Home 

EXCLUSIVE: Foxconn rethinks whether to make LCD panels at plant in Wisconsin in the US

Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised. Announced at a White House ceremony in 2017, the 20-million square foot campus marked the largest greenfield investment by a foreign-based company in US history and was praised by President Donald Trump as proof of his ability to revive American manufacturing. Foxconn, which received controversial state and local incentives for the project,…

Read More
Home 

Foxconn said to begin assembling top-end Apple iPhones in India in 2019

Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level. The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of…

Read More
Home 

Foxconn considers setting up factory in Vietnam in response to US-China trade war

Foxconn, the world’s biggest electronics contract manufacturer and a key Apple supplier, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported. The move would be one of the first significant steps by a major company with large manufacturing facilities in China to secure an additional production base outside the country because of trade tensions between the world’s top two economies. The report follows several executives of other corporations singling out Vietnam and…

Read More
Home 

Apple’s iPhone assembler Foxconn to cut costs for 2019 ahead of tough times

Apple’s iPhone assembler Foxconn Technology is cutting expenses for 2019 in anticipation of tougher conditions, according to a person familiar with the matter. The cost-cutting is part of the year-end exercise where different departments submit their budget estimates for the next year, the person said, asking not to be named as the information is private. The contract manufacturer, also known as Hon Hai Precision, aims to cut 20 billion yuan (US$2.9 billion) from expenses next year, Bloomberg News earlier reported, citing an internal memo. Foxconn chairman sees biggest challenge in…

Read More