Foxconn expects Zhengzhou plant to resume iPhone production soon
By MYBRANDBOOK
Apple supplier Foxconn expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January. The Zhengzhou plant has been struggling with strict COVID-19 restrictions that have fuelled workers over conditions at the factory. It is said that the capacity is now being gradually resumed, with new staff hiring underway.
Foxconn may have seen more than 30% of the Zhengzhou site’s November production affected. It also reported that revenue in November fell 11.4% year on year reflecting production problems related to COVID-19 controls at the major iPhone factory.
The company said, “At present, the overall epidemic situation has been brought under control with November being the most affected period.” The company added that it has started to recruit new employees and is gradually restoring production capacity to normal.
Last month the Taiwanese company said it expects a slight decline in fourth-quarter revenues year-on-year for its smart consumer electronics business and significant growth for cloud and network products. Foxconn said its overall revenue in the fourth quarter was expected to be “roughly in line with market consensus”.
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
ICONS OF INDIA : SHAILENDER KUMAR
Shailender Kumar is senior vice president and regional managing direct...
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...