A Chinese county reportedly asked retired PLA personnel to take part in the resumption of production at Foxconn Retired People’s Liberation Army (PLA) personnel have reportedly been encouraged to come work at the world’s largest iPhone factory in China’s Henan province, as local authorities try to bolster production at the facility. According to the South … Read more
London/Berlin CNN Business — The German government has blocked the sale of one of its semiconductor factories to a Chinese-owned tech company because of security concerns. Germany’s economic ministry said in a statement that it had prohibited Elmos Semiconductor, which makes chips for the automotive industry, from selling its factory in Dortmund to Silex, a … Read more
BBC Studios is continuing its acquisitions spree in the UK. It has taken full ownership of Voltage TV, the London-based unscripted indie behind British series such as BBC Two’s Inside the Factory, ITV’s DNA Journey and Channel 4’s The British Tribe Next Door. This marks the first time the BBC’s commercial arm has jumped straight to a 100% stake … Read more
New Delhi CNN Business — One of Apple’s largest suppliers is trying to strike a delicate balance in China. Foxconn (HNHPF) has to comply with some of the harshest Covid rules in the world while ensuring that Apple’s (AAPL) shipments are not severely disrupted just before the key holiday season begins. The Taiwanese company, which … Read more
It was Sunday when Dong Wanwan decided to give up her job at the world’s largest iPhone factory and walk home. The 20-year-old had been working for the past three months on the production lines at Foxconn Technology Group’s plant in Zhengzhou, one of tens of thousands helping put together Apple Inc. iPhones that would … Read more
The Tesla factory in Gruenheide, about 20 miles southeast of Berlin in the state of Brandenburg, on Oct. 26. Tesla opened the factory — its first in Germany — earlier this year in an area characterized by its forests and small lakes. The company has already started clearing trees for an expansion, pending approval from … Read more
Breadcrumb Trail Links PMN Business Prepare for another tough week in the markets Author of the article: Bloomberg News Adam Majendie Article content (Bloomberg) — After a bleak weekend of disasters in Asia, next week will bring more market nerves as a flurry of central bank decisions and economic data set out the path for … Read more
A COVID-19 outbreak at the largest iPhone manufacturing plant in Zhengzhou, China, has forced some factory workers into quarantine, part of a citywide outbreak that has also prompted shops and hotels near the factory to close. Foxconn, a major manufacturer for Apple, confirmed in a statement to The New York Times on Thursday that a … Read more
Workers at one of the biggest factories producing Apple iPhones are pleading for food and medical supplies as China’s zero-Covid policy causes havoc in the world’s most important manufacturing hub. Beijing’s censors have removed viral videos circulating on Chinese social media showing workers at the Zhengzhou facility in central China asking for supplies. Two workers … Read more
Japan factory growth slows to 21-month low; composite PMI rises to 4-month peak Source link