foxconn
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Technology News
Apple Expands in India: iPhone Exports to Surpass $10 Billion This Year
Apple is rapidly expanding its manufacturing presence in India, with iPhone exports from the country rising by nearly a third in value over the past six months, reaching $6 billion. By the end of this fiscal year, India’s iPhone exports are projected to exceed $10 billion. This expansion supports Apple’s strategy to reduce reliance on China by leveraging India’s subsidies,…
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World News
Terry Gou Drops Taiwan Presidential Bid After Unity Talks Collapse
Terry Gou, the Taiwanese billionaire and former chairman of Foxconn, has dropped his bid for the presidency of Taiwan after unity talks with the Kuomintang (KMT) and the People’s Party (TPP) collapsed. Gou, who is estimated to have a net worth of $7 billion, made the announcement in a press conference on Friday. He said that he was withdrawing from…
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Business
Foxconn Slapped with $2,800 Fine in China’s Probe
Chinese tax authorities slapped a 20,000 yuan ($2,800) fine on a Foxconn subsidiary for inflating expenses. The unit in Wuhan got dinged for sketchy accounting of R&D costs in 2021 and 2022. China’s broadening its probe into the iPhone maker’s operations, checking tax matters in Guangdong and Jiangsu, and land use in Hubei and Henan, Blomberg reported Notably, Foxconn’s founder,…
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