iPhone chip-maker TSMC invests $40bn in Arizona plants BBCTim Cook says Apple will use chips built in the U.S. at Arizona factory CNBCApple to Work With Taiwan Semiconductor in US Bloomberg TechnologyIn Phoenix, a Taiwanese Chip Giant Builds a Hedge Against China The New York TimesTSMC to up Arizona investment to $40 billion with second semiconductor chip plant CNBCView Full Coverage on Google News Source link
Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have called a much-needed relief for Apple and its main supplier Foxconn. Zhengzhou is the site of “iPhone City,” a sprawling manufacturing campus owned by Taiwanese contract manufacturer Foxconn that normally houses about 200,000 workers churning out products for Apple (AAPL), […]
Foxconn Zhengzhou plant's Nov shipments to fall further - sourceWorker unhappiness at plant escalated into protests this weekOver 20,000 workers, mostly new recruits, have left - sourceTAIPEI, Nov 25 (Reuters) - Foxconn's (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of […]
By Yimou LeeTAIPEI (Reuters) - Foxconn's flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees left the site.The company could now see more than 30% of the site's November production affected, up from an internal estimate of up to 30% when […]
Central Tokyo skyline with Tokyo Tower and Shiba Park, Minato-ku.Ippei Naoi | Moment | Getty ImagesShares in the Asia-Pacific traded mostly lower as markets in the U.S. were closed for the Thanksgiving holiday and will end its session early on Friday.Hong Kong's Hang Seng index led losses and traded 1.2% lower, with the Hang Seng Tech index losing more than 2%. In mainland China, the Shanghai Composite fell 0.3% and the Shenzhen Component traded […]
Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in the central Chinese city of Zhengzhou. In the footage, now blocked, some of the protesters could be heard complaining […]
SHANGHAI, Nov 23 (Reuters) - Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform showed on Wednesday.Hundreds of workers protested at the campus, home to the world's largest iPhone factory, where many chanted "give us our pay". They were surrounded by people in full hazmat […]
The Dow Jones Industrial Average rose 100 points Monday morning, but Apple stock retreated after the company warned it has reduced iPhone 14 production due to Covid-19 restrictions in China. X Key earnings reports this week include Diamondback Energy (FANG), Disney (DIS), DoubleVerify (DV), D.R. Horton (DHI), Lyft (LYFT), Mosaic (MOS), Occidental (OXY), Roblox (RBLX) and Shockwave Medical (SWAV). Costco (COST) dropped 1.3% Monday after Wells Fargo downgraded the stock […]
Apple expects lower shipments of iPhone 14 Pro and Pro MaxApple says a China plant operating at sharply reduced capacityApple supplier Foxconn revises down Q4 outlookTAIPEI, Nov 7 (Reuters) - Apple Inc (AAPL.O) expects lower shipments of premium iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted plant in China, dampening its sales outlook for the busy year-end holiday season.Demand for high-end smartphones assembled at […]
