Nvidia's stock has soared past Microsoft to make it the world's second most valuable company, reaching a market capitalization of approximately $3.26 trillion.
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Foxconn is set to build the world's largest manufacturing facility for Nvidia's GB200 chips to meet the soaring demand for the Blackwell platform.
With Apple reducing its reliance on the Chinese supply chain, more iPhones are set to be produced in India. For this year, the premium iPhone 16 Pro and 16 Pro Max models will be Indian-made.
After a report highlighted that Apple was actively working on a robotic tabletop device, fresh information has popped up suggesting that the device could be made at Foxconn's Hongzhun factory.
Apple's primary iPhone assembler Foxconn has reportedly hired 50,000 workers with increased base pay and bonuses, to ramp up the iPhone 16 production in China to meet the increased demand this year.
Microsoft has plans to spend $3.3 billion to launch a new AI data center in Wisconsin, on land that was first bought by Foxconn for a failed LCD factory. President Joe Biden will help with the reveal.
Foxconn and HCL are setting up a chip packaging and testing center in India backed by a $37.2 million investment following Foxconn's withdrawal from a $20 billion venture with Vedanta last year.
NVIDIA and Foxconn have decided to work together to accelerate the AI industrial revolution, the companies said. Foxconn will use NVIDIA's hardware to develop a wide range of products for consumers.
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Apple partner Foxconn plans to set up manufacturing plants in South India with a $500M investment. This demonstrates Apple and Foxconn expand its manufacturing infrastructure beyond China.
Apple will open its first retail store at the Bandra Kurla Complex in Mumbai while its second store will open a few days later in Saket, Delhi. Tim Cook will inaugurate the stores during his visit.
Apple and Foxconn have successfully lobbied for new labour laws in the Indian state of Karnataka, allowing for two-shift production in the region, amid India's plans to become a manufacturing hub.
Foxconn has reported that its revenue fell by 11.65% compared to the same period last year due to low demand of electronic products worldwide, and also due to manufacturing disruptions in China.
Foxconn is investing a massive $700 million to develop a new factory in India's Bengaluru that will manufacture Apple products like the iPhone. This comes amid companies moving capacity out of China.
US Treasury Secretary Janet Yellen urges India to adopt the "friendshoring" strategy for diversified supply chains and enhance US-India tech ties, to handle tech supply chain more efficiently.
Finnish company Salcomp plans to more than double its India workforce to 25,000 over the next two to three years, while also building housing arrangements and education for about 15,000 people.
Foxconn is investing $500M in India to expand its iPhone manufacturing hubs in the country as Apple tries to increase its production in India to reduce reliance on China amid supply shortages.
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Apple has reportedly been in discussions with Indian officials about moving some iPad manufacturing to the country. The company already produces older iPhones and now, the iPhone 14 series in India.
As a result of the recent labor protests in China, Apple analyst Ming-Chi Kuo predicts that iPhone 14 Pro and Pro Max shipments will be significantly lower than expected this quarter.
Foxconn has made an offer to its workers to leave the iPhone city following the protests that erupted at the Zhengzhou facility because of a notice informing them of a delay in payments.
A protest turned violent when workers of the Foxconn factory in Zhengzhou, China clashed with the police on Tuesday. Strict curbs, unpaid wages, and possible infection surge caused the protest.
Foxconn is reportedly boosting hiring at its India plant over the next two years to meet iPhone demand, while China continues restrictions as part of its zero-COVID policy in the Zhengzhou district.
In a press statement, Apple has stated that production of its iPhone 14 Pro and iPhone 14 Pro Max models will be lower than anticipated due to ongoing COVID-19 curbs in Zhengzhou, China.
Due to strict COVID-19 curbs, iPhone manufacturing is expected to fall 30% in China's Zhengzhou district. Workers were also seen fleeing away from the district due to the restrictions.
The iPhone manufacturing hub of Zhengzhou has been put under a strict lockdown following government orders pertaining to China's zero-COVID policy with only exceptions allowed for COVID testing.
Apple's assembly partner Foxconn will start manufacturing the iPhone 14 at its Chennai, India plant in a move to reduce dependency and diversify supply chain and logistics from China.
Foxconn, best known for assembling Apple's iPhone, has partnered up with US's NXP Semiconductors for developing platforms for EVs. The companies also aim to significantly lower manufacturing costs.
Foxconn is ceasing operations of its two factories near Shanghai, China after a rise in onsite Covid-19 cases. It has been more than a month since Shanghai was placed under a strict lockdown.
The analyst firm TrendForce has stated that industrial metaverse revenue will reach $540 billion by 2025 as companies begin to incorporate technologies such as digital twins into their processes.
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Apple is reportedly beginning to assemble its iPhone 11 lineup in India in an effort to cut its reliance on China. The assembly is said to be taking place at Foxconn's facility near Chennai.
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The move is part of a gradual shift by Apple to move a part of the iPhone production away from China to avoid disruptions due to trade war between the US and China as well as the COVID-19 outbreak.
Several phone manufacturers including Xiaomi, Samsung, and Vivo will resume smartphone production in India after state governments started to allow the limited opening of manufacturing plants.
The tech giant was accused of allowing a supplier factory in China to break labor laws. However, in a statement, Apple has denied most of the allegations, saying that it has been falsely accused.
A new report claims the Chinese firm is reassessing its strategic goals for the year following its addition to a US blacklist, and has reportedly cut down on orders for the production of its phones.
Last week Foxconn decided not to build a factory in Wisconsin anymore. It has now reconsidered the decision and intends to go ahead with the plans as a result of talks with the White House.
Foxconn has cut 50,000 of its contract jobs since October, months earlier than usual. Normally the contract jobs are cut at the end of the year, however, they started earlier than usual in 2018.
Apple's Taiwanese partner Foxconn is reportedly planning to start assembling high-end iPhones in an Indian manufacturing plant. The factory is located in the Southern region of India, Tamil Nadu.
Apple is said to be working with Foxconn for the upcoming models of the AirPods earbuds and HomePod smart speaker. The tech giant is also reportedly in talks with Tymphany for the over-ear headphones.
Japanese display manufacturer Sharp has said it plans to buy Toshiba's PC business in an attempt to re-enter the market it abandoned in 2010. The deal will be worth about $36 million.
New rumors about Google's next-gen Pixel phones suggest a dual front camera inside of the Pixel 3 XL notch. Foxconn is supposedly building the devices, with Verizon as the sole U.S. carrier partner.
Foxconn expands its footprint into the mobile accessories and smart home markets by acquiring Belkin International, including the Linksys, Wemo, and Phyn brands, for nearly $866 million in cash.
