Foxconn will no longer build electric tractors for California startup Monarch Tractor after the Taiwanese tech giant recently sold its Ohio factory to SoftBank. Monarch CEO Praveen Penmetsa confirmed the news in a LinkedIn comment Tuesday. He also said his company worked with Foxconn to “build up inventory” before the sale of the factory, noting […]
Monarch Tractors won’t be built by Foxconn after Ohio factory sale Read More »
Foxconn has sold the former GM factory it has owned for three years after failing to stand up any meaningful, large-scale electric vehicle production there. The pivot marks the second major failure of Foxconn to deliver on its promises to help revive U.S. manufacturing. The iPhone-maker once promised to build a giant LCD factory in
Foxconn sells former GM factory to mystery buyer after failing to make EVs Read More »
Apple’s biggest assembly partner, Foxconn, has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg reported, citing anonymous sources. The employees told to return account for the bulk of Foxconn’s staff in its iPhone facilities in India, and only Taiwanese support staff remain in the country,
Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories Read More »
Foxconn, a key manufacturer for Apple, has received an approval from India’s cabinet to build a new 37 billion Indian rupees ($435 million) semiconductor plant in a joint venture with the country’s IT giant HCL Group. The deal is the latest move to reduce Apple’s reliance on China and produce more components in India. The
Foxconn gets nod for $435M project to make more of Apple chips in India, eventually Read More »
