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Tag: Foxconn

  • iPhone maker Foxconn reports that March revenue is 60% up

    iPhone maker Foxconn reports that March revenue is 60% up

    The notorious electronics manufacturer has reported a rise in revenue for March 2020, equating to 59.9%. After having to stop most of its production during the initial breakout of coronavirus in China, Foxconn has been steadily going back to its normal working capacity in recent weeks. Initially suffering losses in revenue, particularly in the first three months of 2020, it appears that the company is recovering. Some of its products though is still being affected by travel restrictions, causing delays in product testing and other assistance from its clients.

    Half of the world’s iPhones are made at Foxconn, with other popular products such as iPad, iPod, and game consoles Nintendo 3DS, PlayStation and Xbox also being partly or fully manufactured at their facilities.

    2020 has expectedly been a difficult year for businesses, with almost all smartphone companies suffering losses in revenue. Apple, however, has reportedly enjoyed a $56 billion revenue in the first quarter of 2020, 8% higher than last year, with its upcoming 5G iPhones expected to prove even more profitable for the Cupertino company. All of this, of course, equates to more business for its partner, Foxconn.

    Foxconn has been the subject of many controversies over the years, most notably allegations over appalling working conditions. In 2012, during its production of Wii U consoles, the company was found in violation of Nintendo’s Corporate Social Responsibility Procurement Guidelines, confessing to the employment of children under the age of 16 in one of its factories.

    Despite the waves of negative attention, Foxconn remains the world’s largest provider of electronics manufacturing services.

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  • Apple assembler Foxconn considering iPhone factory in Vietnam

    Apple assembler Foxconn considering iPhone factory in Vietnam

    Apple’s biggest iPhone assembler Foxconn is considering setting up a factory in Vietnam to mitigate any impact of the ongoing trade war. The report from Vietnamese state media comes after several executives interviewed last week singled out Vietnam and neighboring Thailand as preferred destinations should they need to shelter operations from the trade war, braving hurdles such a lack of skilled labor and inadequate infrastructure.

    Foxconn Group and the Hanoi People’s Committee are working together to open an iPhone manufacturing facility in Vietnam to negate the impacts of the U.S.-China trade war.

    Vu Tien Loc, head of the Vietnam Chamber of Commerce and Industry, raised the matter with Prime Minister Nguyen Xuan Phuc at a meeting on Nov. 22.

    “We are discussing the possibility of this with Foxconn,” Loc said, without elaborating. Hanoi People’s Committee Chairman Nguyen Duc Chung declined to comment.

    Taiwan’s Foxconn, formally Hon Hai Precision Industry Co Ltd said it “follows a strict company policy of not commenting on any matters related to current or potential customers, or any of their products”.

    In trade talks on Saturday, U.S. President Donald Trump and Chinese President Xi Jinping agreed not to introduce any tariffs for 90 days as negotiations continue.

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  • Foxconn to set up manufacturing hub in India

    Foxconn to set up manufacturing hub in India

    Foxconn will invest up to 320 billion rupees ($4.9 billion) to establish more manufacturing capabilities in India, in response to the nation’s recent legislative changes designed to incentivize local manufacturing.

    The company plans to exponentially scale up its Indian operations, opening new factories and expanding its manufacturing footprint.

    India has just announced a 10% customs duty on the importation on phones and accessories in a bid to encourage local manufacturing. The move comes two years after he introduction of tax benefits for companies making handsets locally.

    It is currently unclear how the recently-announced GST of up to 18% of the cost of transactions will influence the benefits for local manufacturing.

    According to the report, India currently has the capacity to produce up to four million devices per month, manufacturing phones for companies including Xiaomi, Oppo, InFocus, Nokia and Gionee.

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  • Foxconn to help Japanese firm sell robots around the world

    Foxconn to help Japanese firm sell robots around the world

    What guise will robots of the future take? Some see as them as faceless automatons, capable of performing basic tasks for us, whilst the Supermatrix predicts a future where they’ll be actively concious but subdued through a dream within a dream. SoftBank Mobile however believes robots can be our friends before they do our bidding, which is why it launched its Pepper robot in Japan last year and is now partnering with Foxconn and Alibaba to help sell it around the world.

    Pepper doesn’t perform any particularly useful tasks around the house or office, but he can read facial expressions and judge emotions based on language and tone of voice and can react accordingly. If you are sad, he might engage you in conversation or play your favourite song to cheer you up. Over time he learns your emotions and different moods and can compliment or help alleviate them depending on your preferences.

    To date he’s mostly been used as a greeter in Softbank stores, but there are other potential uses such as babysitter, party greeter, serving staff or a companion for the elderly. It’s expected that retailers may be some of the most interested in Pepper, but that there are plenty of other applications for him where end users and other organisations may see him as a good fit for the role.

    Projected costs for the robot are expected to be $1,660 (£,1044) up front, followed by monthly payments of £125 to cover ongoing insurance coverage (should it fall over and break) as well as access to the cloud processing facilities required to make many of Pepper’s more complicated analysis and decisions.

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  • Apple allegedly deepening partnership with Foxconn

    Apple allegedly deepening partnership with Foxconn

    Apple is turning to manufacturing partner Foxconn to facilitate efforts to expand both research centers and business further into Southeast Asia, and open up facilities in China and Indonesia, according to recent reports

    Foxconn has been manufacturing for Apple for over a decade. While Apple’s Indonesian presence is somewhat limited at the moment, Foxconn has been in Indonesia for several years.

    Not clear is what assistance Foxconn may specifically give Apple, beyond access to already-forged business arrangements with local suppliers and businesses.

    In late November, Indonesian Communication and Information Minister H.E. Rudiantara said that the country’s Communication and Informatics Ministry was “finalizing the plan” for an Apple-led research center in Jakarta. Apple has reportedly already selected a few locations in the country for the center.

    Earlier in the year, Chinese media reported that Apple is launching its first research and development center, located in technology incubation area Zhongguancun Science Park, Beijing. According to reports on the matter, the center has a budget of about $15 million, with a long-term expenditure goal of $45 million over the next few years. The center is allegedly seeking to hire around 500 workers, with no particular focus beyond Apple products and software.

  • New Indian ruling appears to finally give Apple go-ahead to open retail stores

    New Indian ruling appears to finally give Apple go-ahead to open retail stores

    Amended foreign investment rules clear the way for Apple India stores, and the possibility for the US technology giant to start manufacturing there.

    Under the new rules, foreign retailers are exempted for three years from a requirement to locally source 30 per cent of the goods sold in company-owned stores.

    This means Apple, which now sells its hardware through resellers and first applied for store licences in January, can set up its own shops in India, the world’s fastest-growing major smartphone market with sales expected to rise more than 25 per cent this year.

    Apple, which has a less than 2 per cent share in India’s smartphone market, can resubmit its application for store licences.

    India has been lobbying Apple and its partner Foxconn to start manufacturing in India as part of Prime Minister Narendra Modi’s agenda to bring in foreign manufacturers to create millions of jobs. The rule-change announcement comes a month after Apple boss Tim Cook met Modi to discuss the company’s plans for retail and manufacturing in India.

    Meanwhile, India’s new look at retail rules may also help with expansion for Swedish furniture-retailer Ikea, which is setting up stores in Hyderabad and Mumbai.

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  • Foxconn cancels investment plan in Indonesia

    Foxconn cancels investment plan in Indonesia

    Taiwan’s Foxconn Technology Group, the world’s biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported on Tuesday, citing the head of an Indonesian business chamber.

    Foxconn, whose flagship listed unit is Hon Hai Precision Industry Co Ltd, said last year it may invest $1 billion in Southeast Asia’s biggest economy.

    But the Apple Inc supplier had decided not to go ahead because of land issues, Indonesian Chamber of Commerce and Industry Chairman Suryo Bambang Sulisto was quoted as telling the business daily, casting doubt on the company’s broader expansion plan in Indonesia.

    Sulisto did not respond to phone calls requesting comment, while Foxconn was not immediately available to respond.

    Foxconn, which assembles products for global phone makers, is one of the companies likely to be affected by a new law due to take effect in 2017 requiring firms that sell smartphones and tablets in Indonesia to produce 40 percent of their content locally.

    Critics say the rule – part of a push by President Joko Widodo to transform Indonesia from an economy that consumes products into one that produces them – could increase costs and restrict access to technology.

    Foxconn had previously planned to invest in hardware such as phones, tablets and televisions, as well as telecommunication services in Indonesia, its spokesman told Reuters last year.

    The company had hoped to tap the domestic market of about 250 million people and use it as a base to export to the rest of Southeast Asia. But talks with authorities had stalled partly because the government was reluctant to accept Foxconn’s request for free land, sources previously said.

    Last month, Foxconn partnered with China’s Xiaomi to assemble phones in India.

  • Apple plans China iPhone trade-in program with Foxconn

    Apple plans China iPhone trade-in program with Foxconn

    Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort.

    Under the program, consumers will be able to exchange older iPhones at Apple stores in China for credit against the company’s products starting 31 March, Bloomberg reported.

    Chinese demand for larger-screen iPhones helped fuel Apple’s record profit of USD18 billion in the final quarter last year.

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