Technology

Foxconn accused a Chinese competitor of ‘robbing’ employees in Vietnam

Foxconn, Apple’s key manufacturing partner, is criticizing its Chinese rivals for their access to Vietnamese workers. Foxconn headquarters in Taipei (Image: Bloomberg) Foxconn faces a talent war as Apple’s major suppliers continue to shift some production from China to Vietnam amid ongoing tensions between Beijing and Washington. According to the chairman of Foxconn, Chinese competitors […]

Technology

iPhone assembly plant in China lacks electricity

The shortage of electricity produced in China has forced some Apple product assembly plants to reduce capacity, affecting iPhone supply more or less. Follow Bloomberg, iPhone assembly plants in China are starting to reduce energy consumption due to sudden power shortages in the country. The Chinese government also imposed measures to limit excessive energy consumption […]

Technology

Foxconn’s third-quarter profit growth was nearly unchanged

Smartphone products still contribute nearly half of Foxconn’s third quarter revenue. According to the Foxconn Report released on Thursday, their quarterly profit was almost unchanged, exceeding expectations. This is mainly due to the continuing trend of working from home and the market with strong demand for remote office equipment. Calculations of Reuters based on 9-month […]

Technology

Apple and Foxconn’s longtime relationship is deteriorating

The longstanding relationship between Apple and Foxconn has worsened recently due to a profit margin battle, according to The Information. While Apple’s gross profit margin is nearly 40%, Foxconn remains at one digit, leading the company to implement many tricks to increase profits. According to The Information, for manufacturing projects, Foxconn often tells Apple that […]