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Foxconn Archives - Best News https://aitesonics.com/category/foxconn/ Tue, 16 Apr 2024 04:13:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 Foxconn's promise to invest $10 billion in Wisconsin is now a distant memory https://aitesonics.com/foxconns-promise-to-invest-10-billion-in-wisconsin-is-now-a-distant-memory-090555405/ https://aitesonics.com/foxconns-promise-to-invest-10-billion-in-wisconsin-is-now-a-distant-memory-090555405/#respond Tue, 16 Apr 2024 04:13:14 +0000 https://aitesonics.com/foxconns-promise-to-invest-10-billion-in-wisconsin-is-now-a-distant-memory-090555405/ When Foxconn announced its plans to open facilities in Wisconsin back in 2017, it promised to invest $10 billion into bringing production to the US that was expected to lead to as many as 13,000 jobs. Now, the Taiwanese supplier to tech giants like Apple is selling two properties in Eau Claire and Green Bay, […]

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When Foxconn announced its plans to open facilities in Wisconsin back in 2017, it promised to invest $10 billion into bringing production to the US that was expected to lead to as many as 13,000 jobs. Now, the Taiwanese supplier to tech giants like Apple is selling two properties in Eau Claire and Green Bay, purchased for almost $12 million in 2018. The property listings were first reported by Wisconsin Public Radio (via Gizmodo and The Verge), which revealed that only three floors of the Green Bay building's six floors are in use. Meanwhile, the portion Foxconn owns in a mixed-use property in Eau Claire has reportedly remained empty for years.

Foxconn originally said that it was going to build "innovation centers" in Wisconsin, including one that will serve as an LCD factory. The project was supposed to be massive enough to strike a $2.85 billion tax credit deal with the local government. At the time the project was announced, then President Donald Trump said that if he didn't get elected, Foxconn "wouldn't be spending $10 billion" on manufacturing in the US. The former president was also there when the project broke ground, equipped with a golden shovel.

In 2021, however, Foxconn massively altered the scale of the project and told the local government that it would be investing $672 million instead of $10 billion like it intended. It also reduced the number of potential jobs produced to 1,454 from 13,000 positions. The company said back then that its original projections "changed due to unanticipated market fluctuations" and that reducing the scale of its project in the US gives it the "flexibility to pursue business opportunities in response to changing global market conditions."

Foxconn didn't comment on its Eau Claire property, but it told WPR that it "will add to the vibrancy of the city's downtown." Green Bay Mayor Eric Genrich posted on X that he hopes a sale "will lead to better utilization of a fantastic waterfront building."

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Apple plans to build more than 50 million phones in India within three years https://aitesonics.com/apple-plans-to-build-more-than-50-million-phones-in-india-within-three-years-101756528/ https://aitesonics.com/apple-plans-to-build-more-than-50-million-phones-in-india-within-three-years-101756528/#respond Fri, 05 Apr 2024 07:22:16 +0000 https://aitesonics.com/apple-plans-to-build-more-than-50-million-phones-in-india-within-three-years-101756528/ Apple built more iPhone 15s in India than any past model and it plans to continue that trend. The company will shift a quarter of its iPhone production — more than 50 million phones — to the nation within the next two to three years, The Wall Street Journal reported. China would still remain the […]

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Apple built more iPhone 15s in India than any past model and it plans to continue that trend. The company will shift a quarter of its iPhone production — more than 50 million phones — to the nation within the next two to three years, The Wall Street Journal reported. China would still remain the largest iPhone supplier by a good margin, though.

Foxconn and other Apple suppliers reportedly believe that the push into India has been proceeding well, so they’re setting the stage for future expansion. The company proceeded slowly at first due to infrastructure problems and powerful unions that have helped set more restrictive labor rules — pushing back against 12-hour work days, for example.

India’s commerce minister said at the beginning of 2023 that Apple planned to build 25 percent of its phones in the nation, but there was never any timeframe attached to that. Two to three years would represent a fairly dramatic ramp-up, considering that the iPhone 15 marked the first time it had released a model made in India on launch day.

It’s also been known that Apple contractor Foxconn would manufacture more iPhone 15s than past models its facility in Tamil Nadu, India. It’s part of Apple’s plan to diversify manufacturing in the face of supply chain risks due to tensions between the US and China. Foxconn is currently building a plant in the southern Karnataka state expected to open in April 2024, and has another megaplant on the drawing board as well, according to the WSJ‘s sources.

To date, Apple has only built a small percentage of its iPhones in India, and production previously lagged behind China by up to nine months. That changed with the iPhone 14, which started manufacturing the same month as in China, and iPhone 15s built in India were available in stores at launch.

Relations between US and China are delicate at the moment, with the US recently taking measures to block access to advanced technology in the nation. Apple continues to stress the nation’s importance, though, with CEO Tim Cook having traveled there twice in 2023. Apple also sells a large number of phones in China, accounting for about 19 percent of its total revenue — while stressing that all phones in sold China through authorized channels are also built in China and use local suppliers.

This article contains affiliate links; if you click such a link and make a purchase, we may earn a commission.

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