Foxconn shared its earnings report for the first quarter of 2020 which highlights the impact that Covid-19 has had on its business. Revenues declined by 12 percent year-over-year to NT$929.7 billion ($31.2 billion) with gross profit sliding a full 28 percent compared to the same period last year, down to NT$41.814 billion ($1.40 billion). Earnings […]
Foxconn founder Terry Gou has said that Apple should move its manufacturing out of China, Bloomberg reports. “I am urging Apple to move to Taiwan,” Gou said. When asked if Apple would shift production away from China, he responded, “I think it is very possible.” Taiwanese firms are looking to expand or erect new plants […]
A senior Foxconn executive says that the company could move production of all iPhones destined for the US out of China if the current trade war demands it. In comments reported by Bloomberg and The Wall Street Journal, the head of Foxconn’s semiconductor business group, Young Liu, said, “25 percent of our production capacity is […]