The announcement comes after reports last month that the Taiwan-based manufacturer plans to quadruple the workforce at its iPhone factory in India
Taiwan's TSMC plans to be able to deliver the advanced chips used in Apple's Macs, iPhones and iPads from its new Arizona super-plant by 2024.
Analysts at Piper Sandler are predicting Apple will sell 9 million fewer iPhones in this quarter as a result of China’s continuing Covid struggles
Foxconn's India expansion is central to Apple's efforts to shift production away from Covid-hit China
Foxconn has already taken a hit from Covid disruption at its key Zhengzhou factory, Nikkei Asia said
Foxconn is Apple's biggest iPhone maker, producing 70% of iPhone shipments globally, which in turn makes up 45% of the Taiwanese firm's revenue
Reports of Foxconn's Zhengzhou campus operating in a “production bubble” went viral on Chinese social media platforms
World's largest contract chipmaker TSMC is building a $12 billion semiconductor plant in US state of Arizona
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
China's smartphone firms have gained ground in the Russian market, says retailer M.Video, after Western tech giants halted sales over the invasion of Ukraine
The US tech giant is said to be planning to increase output outside China at sites it has shortlisted in India and Vietnam after being hit hard by Covid lockdowns
Texas-based Fintiv claims PayPal infringed five of its digital payment patents and has also accused Apple Pay and Walmart. Read...