Foxconn invests in EV battery plant in China to diversify business beyond Apple’s iPhones

Foxconn invests in EV battery plant in China to diversify business beyond Apple’s iPhones

Major Apple supplier Foxconn Technology Group is injecting 600 million yuan (US$82 million) into a new electric-vehicle (EV) battery plant in Zhengzhou, capital of central Chinese province Henan, where it runs the world’s largest iPhone factory. The company, formally known as Hon Hai Precision Industry, on Monday announced its “long-term investment” in Foxconn New Energy … Read more

Foxconn builds world’s largest Nvidia superchip production facility in Mexico amid AI boom

Foxconn builds world’s largest Nvidia superchip production facility in Mexico amid AI boom

Foxconn, the world’s largest contract electronics manufacturer and Apple’s biggest iPhone assembler, has been benefiting from the artificial intelligence (AI) boom, as it assembles servers used to process AI systems. “We’re building the largest GB200 production facility on the planet,” said Benjamin Ting, senior vice-president at the cloud enterprise solutions business group of Foxconn, formally … Read more

China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

According to data released by Zhengzhou’s local customs authority, Henan’s smartphone exports totalled 6.65 million units in the first quarter, down 60.1 per cent from the same period last year. The customs data did not provide a breakdown of the handset exports by brand. An iPhone assembly line worker checks one of the devices made … Read more