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Keyword: foxconn

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  • Terry Gou in apparent White House meeting with Trump (Many thousands of possible jobs)

    04/27/2017 10:23:50 PM PDT · by 2ndDivisionVet · 3 replies
    The China Post ^ | April 28, 2017 | Staff
    Hon Hai Chairman Terry Gou was seen exiting the White House Thursday after a reported meeting with U.S. President Donald Trump. The billionaire Taiwanese tech mogul refused to confirm meeting Trump, telling reporters in English: "My memory is not good; maybe I already forgot," according to the Central News Agency. White House officials did not respond immediately to questions regarding the reported meeting. Rumors of a possible meet between Gou and Trump surfaced Thursday when the Nikkei Asian Review quoted unnamed sources familiar with the plan. That report also indicated that Gou met with Trump's son-in-law Jared Kushner in late...
  • Apple supplier Foxconn mulling $7 billion investment in US to create 50,000 jobs; Pennsylvania wins!

    01/23/2017 7:15:32 AM PST · by SeekAndFind · 37 replies
    American Thinker ^ | 01/22/2017 | Thomas Lifson
    The world’s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in US manufacturing. Bloomberg reports:  Foxconn Technology Group is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office. The company is considering a joint investment with Sharp Corp.[1], the Japanese display supplier it bought last year, but details have yet to be hammered out,...
  • Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

    01/22/2017 10:53:57 AM PST · by Hojczyk · 30 replies
    Yahoo Tech ^ | January 22,2017 | By J.R. Wu
    Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put "America First" in his inauguration speech on Friday, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development. Foxconn's proposal to build a display plant, which would be planned with its Sharp Corp <6753.T> unit, depend on many factors, such as investment conditions, that would...
  • Taiwan's Foxconn chief confirms mulling $7 bn US investment

    01/22/2017 10:14:43 AM PST · by 2ndDivisionVet · 8 replies
    Yahoo! News ^ | January 22, 2017 | Agence France Presse
    Taipei (AFP) - The head of Taiwan's tech giant Foxconn confirmed Sunday he is considering a $7 billion investment to make TV flat panels in the United States in a joint project with Japan's SoftBank. US President Donald Trump had announced before taking office a $50 billion deal with SoftBank which he said would generate 50,000 jobs. Trump was speaking last month alongside SoftBank's chief executive Masayoshi Son, who displayed a document which indicated Softbank and Foxconn would "commit to invest $50bn + $7bn in US, generate 50k + 50k new jobs in US in next four years". Foxconn, a...
  • Another Trump Win: Apple Supplier Foxconn Says It Is In Discussions To Expand US Operations

    12/07/2016 12:15:03 PM PST · by servo1969 · 18 replies
    Zerohedge.com ^ | 12-7-2016 | Tyler Durden
    There is over a month left until Trump's inauguration, and the President-elect's hard-hitting negotiating style may have scored yet another economic victory: according to a statement issued by Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, the company said it was in preliminary discussions to expand its operations in the United States. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," it said in a statement. Foxconn in its statement did...
  • Foxconn says in preliminary discussions to expand U.S. operations

    12/07/2016 11:59:53 AM PST · by 2ndDivisionVet · 2 replies
    Yahoo! Sports ^ | December 7, 2016 | Reuters
    TAIPEI (Reuters) - Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, said on Wednesday that it was in preliminary discussions to expand its operations in the United States. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," it said in a statement. On Tuesday, Masayoshi Son of Japan's SoftBank Group Corp <9984.T> said he would invest $50 billion in the United States and create 50,000 new jobs, a move U.S. President-elect...
  • Apple assembly partner Foxconn plans US expansion

    12/07/2016 6:45:40 AM PST · by SeekAndFind · 42 replies
    Apple Insider ^ | 12/07/2016 | Roger Fingas
    Apple's primary assembly partner, Foxconn, will soon invest in expanding its U.S. operations, the latter company said on Wednesday, apparently following in the steps of a similar SoftBank announcement. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," Foxconn explained in a statement to Bloomberg. "Those plans would be made based on mutually-agreed terms." Although Foxconn didn't provide specifics, a document held up by SoftBank CEO Masayoshi Son after meeting with U.S. President-Elect Donald Trump allegedly...
  • No More Humans: Foxconn Deploys 40,000 Robots In China

    10/14/2016 12:43:23 AM PDT · by Swordmaker · 35 replies
    China Tech News ^ | October 13, 2016, 10:21:26 am HKT | CHINATECHNEWS.COM EDITOR
    <p>Foxconn has deployed 40,000 robots in its factories in mainland China as it aims to reduce the number of workers at its plants creating digital devices.</p> <p>Dai Chia-peng, general manager of the automation technology development committee of Foxconn, said during an interview with local Chinese media that those robots are basically made by Foxconn itself, except for some parts like servo motors and reducers that come from other parties.</p>
  • Rise of the robots: 60,000 workers culled from just one factory in China (truncated title)

    05/25/2016 1:11:52 PM PDT · by Swordmaker · 21 replies
    South China Morning Post ^ | PUBLISHED : Saturday, 21 May, 2016, 9:50pm UPDATED : Sunday, 22 May, 2016, 9:29am
    Rise of the robots: 60,000 workers culled from just one factory as Chinas struggling electronics hub turns to artificial intelligence Kunshan, in Jiangsu province, undergoes makeover as 600 companies look to trim their headcount The manufacturing hub for the electronics industry, Kunshan, in Jiangsu province, is seeking a drastic reduction in labour costs as it undergoes a makeover after an industrial explosion killed 146 people in 2014.The county, one-seventh the size of neighbouring Shanghai and the mainlands first county to achieve US$4,000 per capita income, was adjudged the best county for its economic performance by Forbes for seven years in...
  • Foxconn replaces '60,000 factory workers with robots' (China)

    05/25/2016 11:05:03 AM PDT · by RightGeek · 38 replies
    BBC ^ | 5/25/16 | uncredited
    Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots. One factory has "reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots", a government official told the South China Morning Post. Xu Yulian, head of publicity for the Kunshan region, added: "More companies are likely to follow suit." China is investing heavily in a robot workforce. In a statement to the BBC, Foxconn Technology Group confirmed that it was automating "many of the manufacturing tasks associated with our operations" but denied that it meant long-term job losses. [snip] Since September 2014, 505 factories...
  • Reports say Japan's Sharp OK's takeover by Taiwan's Hon Hai (Foxconn)

    02/24/2016 8:25:22 PM PST · by Olog-hai · 4 replies
    Associated Press ^ | Feb 24, 2016 10:09 PM EST
    Japanese media report that troubled Japanese electronics maker Sharp has agreed to a takeover offer from Taiwanese company Hon Hai, also known as Foxconn. Sharp Corp. would not immediately confirm the reports Thursday by Kyodo News Service and other media that it had opted for Foxconn rather than a competing consortium of Japanese investors to help restructure its once booming liquid crystal display panel business to cope with competition from Korean and Chinese rivals. ...
  • Foxconn Plans to Spend $5 Billion on Factories in Indias Maharashtra State

    08/08/2015 8:04:09 AM PDT · by TigerLikesRooster · 16 replies
    WSJ ^ | Aug. 8, 2015 | Sean McLain
    Foxconn Plans to Spend $5 Billion on Factories in Indias Maharashtra State Taiwanese electronics manufacturer signs MOU as a first step, says state government official By Sean McLain Updated Aug. 8, 2015 10:27 a.m. ET 2 COMMENTS NEW DELHITaiwanese electronics manufacturer Foxconn plans to spend $5 billion dollars on factories, and research and development in the western Indian state of Maharashtra, according to a state official. Foxconn, the worlds largest contract electronics manufacturer by revenue, signed a memorandum of understanding Saturday with Maharashtra to invest the money in coming years on operations that would employ 50,000 people, said Subash Desai,...
  • Foxconn Layoffs: Apple Supplier to Downsize Workforce [Desire to replace workers with robots]

    01/27/2015 10:49:09 AM PST · by SeekAndFind · 53 replies
    InvestorPlace ^ | 01/27/2015 | By William White,
    Foxconn, a supplier for Apple (NASDAQ:AAPL), has announced that its cutting its workforce. The exact number of employees that will be affected by the Foxconn layoffs hasnt been announced. The company also hasnt said when the layoffs will go into effect. The job cuts come as the company faces higher wages in China and less revenue growth, reports Reuters. The Foxconn layoffs are also likely affected by the companys desire to replace workers with robots. The use of robotic arms in some parts of the companys work will allow the company to replace workers that were performing simple tasks, Reuters...
  • Nokia re-enters consumer electronics with 7.9-inch iPad mini knockoff

    11/19/2014 11:35:22 AM PST · by Swordmaker · 77 replies
    MacDailyNews ^ | Tuesday, November 18, 2014 12:54 pm
    Just months after selling its ailing handsets business to Microsoft, the Finnish company is planning to go back into the consumer market with a new tablet, Matti Huuhtanen reports for The Associated Press. It will launch a 7.9-inch device early next year in China, the worlds biggest market, before selling it elsewhere. The device will be manufactured by Foxconn, which makes Apples handsets. And it will operate Android instead of the Windows software Nokia used on its cellphones when it began a partnership with Microsoft in 2011. That partnership ended unsuccessfully in April, Nokia sold its cellphones unit to...
  • Foxconn Weighs Plan for U.S. Plant-Taiwanese Manufacturer Would Make Displays at U.S. Facility

    01/27/2014 1:58:49 AM PST · by 2ndDivisionVet · 7 replies
    The Wall Street Journal ^ | January 26, 2014 | Lorraine Luk
    TAIPEI Hon Hai Precision Industry Co. 2317.TW -0.12% , which assembles gadgets for Apple Inc. AAPL -1.82% and other global technology firms, is evaluating a plan to build an advanced display manufacturing plant in the U.S., its chairman said. Terry Gou, speaking to reporters at the company's 40th anniversary gathering on Sunday, said Hon Hai, also known by the trade name Foxconn, plans to relocate capital-intensive and high-tech manufacturing to the U.S., its largest market....
  • Report: Apple returned 8M shoddy iPhones to Foxconn

    04/22/2013 9:19:46 AM PDT · by TigerLikesRooster · 12 replies
    The Register ^ | 22nd April 2013 | Simon Sharwood
    Report: Apple returned 8M shoddy iPhones to Foxconn Manufacturer feeling financial pain after botching a batch By Simon Sharwood, APAC Editor, 22nd April 2013 Foxconn has apparently botched a batch of iPhones, which Apple returned to the contract manufacturer because they were not fit for sale. Details of just what went wrong are sketchy, as the source for this tale is an anonymous Foxconn staffer chatting to China Business. That report, after being forced through a couple of translation engines, suggests Apple sent back at least five million iPhones, and maybe as many as eight million, due to appearance of...
  • Foxconn Allegedly Replacing Human Workers With Robots

    11/13/2012 2:47:23 PM PST · by Nachum · 58 replies
    Techcrunch.com ^ | 11/13/12 | John Biggs
    Foxconn has been planning to buy 1 million robots to replace human workers and it looks like that change, albeit gradual, is about to start. The company is allegedly paying $25,000 per robot about three times a workers average salary and they will replace humans in assembly tasks. The plans have been in place for a while I spoke to Foxconn reps about this a year ago and it makes perfect sense. Humans are messy, they want more money, and having a half-a-million of them in one factory is a recipe for unrest. But what happens...
  • Mike Daisey on Real Time with Bill Maher (Bill Maher duped by fabricated Apple-Foxconn story)

    03/17/2012 2:03:21 PM PDT · by Qbert · 4 replies
    YouTube ^ | 2/6/2012 | mdaisey
    Mike Daisey, creator of THE AGONY AND THE ECSTASY OF STEVE JOBS, talks with Bill Maher about Apple's human rights violations in China, where thousands toil making iPhones and iPads in miserable working conditions while Apple realizes record-shattering profits. Learn more at http://mikedaisey.com/ VIDEO
  • NPR Retracts Mike Daiseys This American Life Piece On Foxconn For Significant Fabrications

    03/17/2012 10:40:00 AM PDT · by Qbert · 25 replies
    Boston.com ^ | 3/16/2012 | TechCrunch
    At over a million digital listens, Mr. Daisey Goes To The Apple Factory is This American Lifes most popular episode in history. Thats no small feat for one of the worlds most well-known radio shows. When it aired, it set off yet another firestorm of controversy regarding the ethics of Apple (and other large tech companies) using cheap Chinese labor through major manufacturers like Foxconn. Mr Daisey, who has been touring for years with a monologue about his visit to the factories there and the moral implications thereof, provided details to This American Life to put together what was really...
  • VIDEO: Apple Factory Critic Admits Fabricating Stories

    03/17/2012 5:48:33 AM PDT · by PJ-Comix · 39 replies · 1+ views
    YouTube ^ | March 16, 2012 | Buzz 60
    The activist actor who campaigned against working conditions at Chinese factories that make iPads and iPhones now admits he fabricated much of his "reporting." Mike Daisey went on NPR's This American Life and theater stages and TV talk shows with emotional tales of shocking hardships. Now Tim Minton says moral outrage is against him.VIDEO