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...

The power transfer puts the spotlight on the growing expertise of the local workforce, though major decisions and key tasks are still undertaken at Apple's headquarters in California

Ian Goodfellow, Apple’s director of machine learning, wrote to his staff that ‘more flexibility would have been the best policy’ for the team

Some US companies see a massive decline in revenues this quarter while others see output slashed by half

Luca Maestri, the tech company's financial chief, told analysts that supply-chain issues would hurt sales in the quarter by $4 billion to $8 billion