Hon Hai Precision Industry Co., Ltd. (2317.TW)
- Reuters
Taiwan's Foxconn raises full-year outlook on strong tech demand
Taiwan's Foxconn, the world's largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong tech sales from smartphones to servers despite concerns of slowing demand due to rising inflation. The Taiwanese firm has grappled with a severe shortage of chips like other global manufacturers, which has hurt smartphone production including for its major client Apple, partly due to COVID-19 lockdowns in China. But the company's June sales jumped 31% from a year earlier to a record high for the month, thanks to appropriate supply chain management and rising sales of consumer electronics, including smartphones, which make up the bulk of its revenue.
- South China Morning Post
Apple supplier Foxconn starts new hiring spree at world's largest iPhone factory in China ahead of next product launch
Foxconn, the world's biggest electronics contract manufacturer, has started hiring new trainees and assembly line workers, raising the bonus each person gets to 9,000 yuan (US$1,345) when they stay on the job for more than four months upon enrolment, according to the latest recruitment notice published on Monday by the firm's integrated Digital Product Business Group, the division responsible for iPhone production. The Taiwanese company, formally known as Hon Hai Precision Industry, has also accelerated signing up returning Zhengzhou employees, offering them the same salary for positions they held before leaving the firm as well as a 9,500 yuan bonus after four months on the job, according to the Foxconn post. The large-scale hiring campaign comes after Foxconn's move to suspend recruitment of assembly line workers in May, when the Zhengzhou local government imposed a seven-day lockdown in the city as part of Covid-19 control measures.
- Bloomberg
Indonesia Says Foxconn May Invest in Projects for New Capital
(Bloomberg) -- Indonesia said Foxconn Technology Group is considering investing in the country’s new capital, a move that would bolster the $34 billion construction project.Most Read from BloombergRussia Defaults on Foreign Debt for First Time Since 1918Hyundai Quietly Climbs the EV Sales Charts and Elon Musk NoticesRep. Mary Miller Calls Roe Decision ‘Victory for White Life’Russia Is Hours Away From Its First Foreign Default in a CenturyA $2 Trillion Free-Fall Rattles Crypto to the CoreThe Taiw
