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Retail Asia19/09/2023

The Huawei Mate 60 Pro is getting a serious look from U.S. government officials who are trying to figure out how Huawei and SMIC (China’s largest foundry) created 7nm Kirin 9000S 5G chipsets in the face of U.S. sanctions. Huawei is not allowed to be shipped any cutting-edge chips made by any chip foundry that uses […]

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Retail Asia12/12/2022

Apple would love to diversify iPhone production out of China. Not only is Apple concerned about the region in terms of geopolitics, it is also worried about the Chinese government doing things like cracking down on COVID like it did last month in Zhengzhou where contract manufacturer Foxconn has its largest iPhone factory. As a […]

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Retail Asia29/11/2022

We’ve closely monitored the events at Foxconn’s largest iPhone assembly facility in Zhangzhou, China. The factory reportedly produces half of the iPhone units made worldwide, and this year the plant is turning out iPhone 14 Pro and iPhone 14 Pro Max models. But production has slowed thanks to the exodus of workers who weren’t enamored […]

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Retail Asia19/08/2022

Apple supplier Foxconn has leased 50.5 hectares of land in the northern province of Bac Giang and plans to set up a $300-million factory there. The plant will employ 30,000 people, according to a statement of industrial property developer Kinh Bac City, which manages Quang Chau Industrial Park where Foxconn eyes to make its investment. […]

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Retail Asia18/07/2022

Taiwan’s government is considering fining tech giant Foxconn up to T$25 million ($835,600) over its investment in a Chinese chip conglomerate without first getting regulatory approval, two sources briefed on the matter said on Friday. Foxconn, the world’s largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate […]

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Retail Asia17/06/2022

Apple iPhone assembler Pegatron Corp emphasizes its expansion in other countries, including Vietnam, to reduce its dependence on China following the strict Covid-19 lockdowns there. “We faced Covid controls for two months. We couldn’t have assessed that in advance, so that makes me emphasize our expansion in Vietnam, India, Indonesia, and North America, Liao Syh-jang, […]

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Retail Asia14/06/2022

Apple’s major Chinese suppliers are competing for Vietnamese workers as they seek to expand operations outside their country. Young Liu, chairman of Foxconn’s flagship unit Hon Hai Precision Industry Co., told reporters in Taipei Saturday that his firm’s Chinese competitors have set up operations near its facilities in Vietnam just to poach workers. “The move should not […]

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Retail Asia31/12/2021

Earlier this month we told you that Apple and the Chinese government signed a secret deal valued at $275 billion. Apple reportedly made the payment to prevent the Communist Chinese government from taking regulatory actions against the company. And as we noted in our story about the payment, Apple is now receiving favored treatment in the […]

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Retail Asia22/12/2021

News that the Foxconn factory near the city of Chennai in Southern India has closed means that iPhone production in the country will be negatively impacted. The plant churns out iPhone 12 models and factory workers have suffered through a bout with food poisoning which will leave the assembly lines shut down for the remainder of […]

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Retail Asia11/07/2021

Taiwan’s Foxconn said on Friday it was in talks with the U.S. state of Wisconsin about building electric vehicles there, part of the major Apple Inc supplier’s push to diversify income streams. Foxconn and electric car manufacturer Fisker Inc said in May that they had finalized a vehicle-assembly deal. They did not identify a location, […]

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Retail Asia16/06/2021

Taiwan’s Foxconn said a subsidiary has invested T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials. Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a Taiwan-based subsidiary will make it the second-largest shareholder in Gigasolar, known for manufacturing solar cell materials. The two companies […]

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Retail Asia31/05/2021

Two electric component manufacturers for Foxconn in Bac Giang resumed operations Friday following a temporary suspension due to the coronavirus crisis. Fuhong Precision Component and New Wing Interconnect Technology, located inside two industrial parks, were allowed to resume operations as they satisfy Covid-19 prevention standards. Both firms produce electric components for Taiwanese electronics contract manufacturer […]

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Retail Asia25/01/2021

Vietnam stands to benefit from its emergence as a global bright spot in electronics production with some index scores exceeding China and India. Experts attribute this to lower labor costs and better policy incentives. Jason Yek, Asia country risk senior analyst at market research company Fitch Solutions, said that the increased presence of large electronic […]

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Retail Asia20/01/2021

The FuKang Technology Company, a Foxconn unit, received a business license Monday to build a plant to produce laptops and tablets in northern Vietnam. The plant will be located in the Quang Chau Industrial Park in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement […]

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Retail Asia03/07/2020

Taiwan’s Foxconn wants to build housing for workers in northern Vietnam and has made a proposal to the government. The world’s largest contract manufacturer, a contractor for Apple and other global giants seeks to develop three housing projects at a cost of about VND7.4 trillion (nearly $319 million), and has apprised the Ministries of Construction and […]

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Retail Asia10/04/2020

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 […]

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Retail Asia11/12/2018

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 […]

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Retail Asia07/07/2017

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 […]

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Retail Asia01/02/2017

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, […]

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Retail Asia29/12/2016

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 […]

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