Terry Gou, the billionaire founder of tech giant and major Apple supplier Foxconn, on Friday withdrew from the race to be Taiwan’s next president. Mr. Gou announced his bid in August, saying he wanted to unite the opposition and ensure the island did not become “the next Ukraine,” blaming the ruling Democratic Progressive Party (DPP) […]
BANGKOK—Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday. Foxconn, a Taiwanese-headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in […]
TAIPEI—Terry Gou, the billionaire founder of major Apple supplier Foxconn, resigned as a company board member, the Taiwanese company said on Saturday, less than a week after announcing a bid to be the island’s next president. After months of speculation, Gou, who stepped down as Foxconn’s chairman in 2019, announced on Monday he would stand […]
Foxconn founder Terry Guo, 72, has announced his intentions to join the race for president in Taiwan’s important 2024 elections amid aggression and threats of invasion by the Chinese Communist Party (CCP). In comments to the press, Mr. Guo, the billionaire founder of the major Apple Inc. supplier, said that Taiwan “absolutely cannot be the […]
Walgreens is saying it will not sell an abortion pill by mail in certain states after a warning from conservative attorneys general. A top iPhone supplier is reportedly building a new factory in India, as Apple shifts production away from China. Are you afraid of self-driving cars? If so, you’re not alone, according to a […]
BEIJING—The company that assembles Apple Inc.’s iPhones apologized Thursday for a pay dispute that triggered employee protests at a factory where anti-virus controls have slowed production. Employees complained Foxconn Technology Group changed the terms of wages offered to attract them to the factory in the central city of Zhengzhou. Foxconn is trying to rebuild the […]
Foxconn has halted operations in the Chinese business center of Shenzhen after authorities announced a partial lockdown due to a rise in COVID-19 cases across the country, fueled by the highly transmissible Omicron variant. In a March 13 statement, a spokesperson for the Taiwan-based Foxconn, also known as Hon Hai Precision Industry Co., said it was suspending production […]
Tech company Apple Inc. is moving one of its major assembly lines out of China. This is due to concerns amid the U.S.-China trade war. An unnamed source told Reuters that Apple on Nov. 16 requested its major manufacturing supplier, Foxconn, to move iPad and MacBook assembly lines out of China and to Vietnam. An […]
TAIPEI—While Foxconn chairman Terry Gou enters Taiwan’s rancorous political arena free of any political baggage, he could yet find himself weighed down by connections to Beijing forged during his pragmatic commercial rise. Gou, 68, announced on April 17 that he would contest Taiwan’s 2020 presidential election, seeking to represent the opposition Kuomintang (KMT) party—a vote […]
TAIPEI—Taiwan’s unique strategic position amid the ongoing Sino–U.S. trade war was made apparent when Apple assembler Foxconn announced measures to shift production away from China. On March 17, Foxconn chairman Terry Gou inked a memorandum of understanding (MoU) with the southern Taiwanese city of Kaohsiung to develop the city’s smart technology, according to Taiwanese media. […]
MADISON, Wis.—Foxconn Technology Group said on March 18 that its manufacturing facility in Wisconsin will be producing flat-screen panels by the end of 2020, with construction starting later this year. The news came after the worldwide electronics manufacturing leader sent mixed signals earlier this year about whether it planned to suspend work in Wisconsin. After a meeting […]
Foxconn said it would move forward with building a planned facility in Wisconsin after President Donald Trump intervened. Trump responded to the news on Feb. 1, confirming that he’d spoken with Terry Gou, the company’s founder and chairman. “Great news on Foxconn in Wisconsin after my conversation with Terry Gou!” he said on Twitter. Former […]
Foxconn is dangling a new $10 billion display-making factory before job-hungry state governors with plans to decide on a location in July, said CEO Terry Gou. “The U.S. state governors’ sincerity and confidence to attract investment, the executive power in their policies to return manufacturing to the U.S., is beyond my imagination,” Gou said. Foxconn […]
