BEIJING, May 14 (Xinhua) -- Foxconn Industrial Internet, a subsidiary of the Taiwanese manufacturer Hon Hai Precision Industry Co. Ltd., said it plans to issue 1.97 billion shares in its initial public offering (IPO) in the A-share market. In a prospectus filed to the Shanghai Stock Excha...
The company forces laborers to work long hours for little pay. The brutal conditions at Foxconn were well-publicized after a string of workers died by suicide and the company responded by erecting nets outside the building in order to address the issue. Topics Apple iPhone COVID-19 ...
SACOM has been one of the most vocal advocates for change at Foxconn. The issue was first raised in 2010 after a string of worker suicides prompted former Apple CEO Steve Jobs to defend its supplier. In awidely reported email, Jobs said, “Although every suicide is tragic, Foxco...
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led to a pricing conundrum. In the United States, Apple is offering a refurbished Mac mini with the base M4 chip, 256GB of storage, 16GB of RAM, and Gigabit Ethernet for $509, down from $599 new. This is the standard 15% discount that Apple offers on refurbished Macs. The issue is...
Geely Automobile plans to issue shares on mainland China's STAR board this year. MORE: Places the U.S. Government Warns Not to Travel Right Now Foxconn, whose official name is Hon Hai Precision Industry Co Ltd, said in October it aimed to provide components or services to 10% of...
Faced with Foxconn struggling to resume fulliPhoneproduction after local COVID measures, China is asking ex-forces retirees to step in. The impact of China's coronavirus lockdown has been marked enough for Foxconnto reportof a severe revenue hit, and Apple to issue arare statementabo...
in November that it had stopped making a product for an overseas client, though not identifying the client and which device the move involved. The order that Goertek lost was for AirPods Pro 2 and the reason could result from production issue, rather than that of demand, according to Ming-...
Foxconn has beenunder scrutinyover the past few years, following a string of suicide attempts at facilities in China. The company came under fire again earlier this year afterthe New York Timespublished a story describing poor working conditions at Chinese factories operated by Appl...
Foxconn said in an official statement that the company had already taken the necessary measures to address the issue, including launching an internal investigation into the alleged incident. The manufacturer refrained from commenting further. However, the media believe that representatives of the company...