Taiwan Stock Exchange

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

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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

Taiwan’s APCB to shift printed circuit board assembly to mainland unit, cut jobs on island

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Taiwan’s APCB to shift printed circuit board assembly to mainland unit, cut jobs on island

Taiwan-based printed circuit board (PCB) maker APCB expects to discontinue production in the island by the end of the year and lay off hundreds of employees, as the company shifts manufacturing to a subsidiary in mainland China. Production in Taiwan will cease from December 25, following three consecutive years of losses for APCB’s plants on … Read more