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”.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
ICONS OF INDIA : S KRISHNAN
S Krishnan as the secretary for the electronics and information techno...
Icons Of India : RAJENDRA SINGH PAWAR
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT ...
Icons Of India : Daisy Chittilapilly
Daisy Chittilapilly is the President of Cisco’s India and SAARC regi...
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
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 - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...