Hon Hai, the flagship unit of Foxconn Technology Group, runs most of its iPhone manufacturing operations in China.
iPhone key assembler Hon Hai Precision Industry Co. could achieve an “unprecedented” performance in the first quarter, according to Chairman Young Liu. “Our performance in the first quarter could exceed what we have done in recent years, and it is likely that some staff at key sites will only have two days off during the Lunar New Year holidays,” said Liu in prepared remarks for the company. annual feast on Sunday.
Manufacturers around the world are rushing to stock up on fear that outbreaks of the omicron variant and other uncertainties will further disrupt their supply chain. Earlier this month, CC Wei, CEO of Taiwan Semiconductor Manufacturing Co., told analysts he expects companies to maintain a higher level of inventory than in the past to ensure the safety of supply.
Hon Hai, the flagship unit of Foxconn Technology Group, runs most of its manufacturing operations in China, which will close most offices and businesses for seven days starting Jan. 31 for the Lunar New Year.
Besides being a key manufacturing partner of Apple Inc., the Taiwanese company also manufactures gadgets for other global brands including Dell Technologies Inc., Sony Group Corp. and Nintendo Co.
iPhone maker Foxconn seals EV partnership with Indonesia
(Reuters) Taiwan-based Foxconn said it had teamed up with Indonesia’s Ministry of Investment and several companies to support the development of electric cars in the Southeast Asian country, adding to a series of such chords by the iPhone assembler.
Foxconn, Apple’s main iPhone maker, has been expanding its electric vehicle (EV) business in recent years, announcing deals with US startup Fisker Inc and Thai energy group PTT PCL.
Foxconn said it has signed a memorandum of understanding for a wide range of electric vehicle investments, including battery manufacturing, with Indonesia’s Ministry of Investment as well as Indonesia Battery Corporation, energy company PT Indika Energy and Taiwanese electric scooter supplier Gogoro.
The cooperation, which aims to build a “new energy ecosystem” in Indonesia, also includes the development of electric vehicle support industries such as energy storage systems, battery exchange stations and recycling, said Foxconn said in a statement.
Under the partnership, an open “MIH platform” that provides both hardware and software services will be available for businesses in Indonesia, the statement said, without giving details on the size of investment plans or of production.
Foxconn aims to supply components or services to 10% of the world’s electric vehicles by 2025 to 2027, Chairman Liu Young-way said, pledging to reduce manufacturing and other costs for car manufacturing through its knowledge -making assembly as the world’s largest contract electronics manufacturer.
